Could SpaceX Become the Next $3 Trillion Company?

SpaceX briefly reached a $3 trillion market valuation after its IPO but has since lost nearly $1 trillion in value. For the company to justify a $3 trillion valuation, it would need to generate $100 billion in annual revenue while maintaining a 30x price-to-sales multiple. This would require successful execution across AI infrastructure partnerships, Starlink profitability, and Starship commercialization—a challenging feat that makes the $3 trillion milestone more aspirational than probable in the near term.