Elon Musk said on Sunday that his rocket company, SpaceX (SPCX.O), opens new tab, could bring in $1 trillion in revenue by 2030, making the statement two days after the company went public, valuing it at over $2 trillion.
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"And I would be surprised if revenue is not greater than $1T in 2031," he wrote on his social media platform X, replying to journalist and financial commentator Jon Erlichman.
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SpaceX on Friday became the sixth-largest U.S. firm, cementing Musk's status as the world's first trillionaire.
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However, the company still makes far less money than similarly valued tech giants like Broadcom (AVGO.O), opens new tab and Amazon.com (AMZN.O), opens new tab.
In 2025, SpaceX's revenue jumped to $18.67 billion from $14.02 billion a year earlier, but the company swung to a net loss of $4.94 billion from a profit of $791 million.
Some Wall Street analysts are cautious about the company's growth.
Goldman had estimated that SpaceX's revenue would exceed $470 billion in 2030, while Morgan Stanley projected it would reach nearly $330 billion, according to a Wall Street Journal report from earlier this month.