Elon Musk, the world's richest man, has projected that his rocket company SpaceX could achieve $1 trillion in revenue by 2030. This projection comes just days after SpaceX's stock market debut, which valued the company at over $2 trillion.
Musk shared his outlook on X, stating he would not be surprised if SpaceX's revenue surpasses the trillion-dollar mark by 2031. He specifically responded to journalist Jon Erlichman, writing, “I think SpaceX might be able to reach approximately $1T revenue in 2030” and “And I would be surprised if revenue is not greater than $1T in 2031.”
SpaceX's public listing on June 12 marked one of the largest initial public offerings (IPOs) in market history. The company's shares opened trading on the Nasdaq at $150 each, an 11% increase from its IPO price of $135. By the end of its first trading session, the stock closed at $160.95, reflecting a 19% gain and pushing SpaceX's market valuation beyond the $2 trillion threshold.
This valuation surge also propelled Musk's net worth past the trillion-dollar mark, making him the first individual in history to reach such personal wealth. Following its public listing, SpaceX secured its position as the sixth-largest company in the United States by market capitalization.
Nairametrics previously reported that Elon Musk became the first person to achieve a net worth of $1 trillion. This milestone was reached after SpaceX shares opened trading at $150 per share, significantly above the $135 IPO price. The opening price indicated a market capitalization of nearly $2 trillion for the rocket and space exploration company, placing it among the most valuable businesses ever listed on a public exchange.
