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SpaceX Stock Is Down 33% From Its High. Elon Musk Expects Revenue to Rise 53-Fold to $1 Trillion by 2030.

The Motley Fool·
SpaceX Stock Is Down 33% From Its High. Elon Musk Expects Revenue to Rise 53-Fold to $1 Trillion by 2030.

SpaceX recently completed its IPO and is transitioning into an AI infrastructure business. CEO Elon Musk projects the company will reach $100 billion in annual recurring revenue by end of 2026 and $1 trillion by 2030, primarily through AI data center operations. However, the analyst recommends avoiding the stock due to skepticism about achieving a 50-fold revenue increase in five years, citing Musk's history of missed deadlines and overpromised projections.

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