Key Takeaways
Elon Musk projected SpaceX could reach about $1 trillion in revenue by 2030, versus Morgan Stanley’s $330 billion estimate.SpaceX raised roughly $75 billion at a $1.75 trillion valuation in its June 12 Nasdaq debut.SpaceX holds 18,712 BTC, putting a bitcoin treasury worth about $1.29 billion on Wall Street’s radar.
A Trillion-Dollar Projection
Elon Musk said SpaceX’s revenue could reach about $1 trillion a year by 2030, and likely more in 2031, in comments shared via X over the weekend. The forecast came just days after SpaceX completed the largest stock market debut in history.
The rocket maker listed on the Nasdaq on June 12 under the ticker SPCX, selling shares at a fixed $135 to raise roughly $75 billion at a $1.75 trillion valuation. Reported demand reached about $250 billion, roughly four times the shares available, underscoring the appetite for Musk’s most valuable private venture.
Musk’s projection sits far above the estimates of the bankers who took his company public. Morgan Stanley, a lead underwriter, modeled SpaceX’s revenue near $330 billion in 2030, with $160 billion as early as 2028.
SpaceX reported $18.7 billion in revenue for 2025, up from about $14 billion in 2024. Reaching $1 trillion by 2030 would require a roughly 53-fold jump in five years, a pace no company near this size has achieved.
Pompliano Calls for a Tesla-SpaceX Merger
The bullish outlook drew an immediate response from the investor community with Anthony Pompliano, a prominent crypto and equities investor, saying he hoped Musk would merge Tesla and SpaceX “as soon as possible,” adding:
“As a Tesla shareholder, I hope Elon [Musk] merges Tesla with SpaceX as soon as possible. Give us one company to bet on this generation’s greatest entrepreneur.”
The idea is unlikely to materialize any time soon, given that Tesla is a publicly traded automaker and SpaceX is a newly public aerospace firm with distinct businesses and shareholder bases. However, comments like these do capture the enthusiasm surrounding Musk’s expanding corporate empire.
Crypto Markets Continue to Watch
The SpaceX listing carries direct relevance for crypto investors because, as of March 31, SpaceX held 18,712 BTC, with a fair value of about $1.29 billion, ranking it among the largest corporate bitcoin holders. Bitcoin.com News reported that the IPO put that bitcoin treasury squarely on Wall Street’s radar, ahead of holders including Coinbase Global.
The debut also reshaped the makeup of big-tech balance sheets with Strategy executive chairman Michael Saylor saying that 25% of the “Mag8” now holds bitcoin following the listing. In all of this, Tesla, which ranks among public bitcoin holders with 11,509 BTC, deepens the overlap between Musk’s companies and the digital-asset market.
Looking at the near term, Musk’s $1 trillion target functions as a long-term aspiration rather than a forecast the market is pricing in. What is concrete, however, is that SpaceX is now a public company with a multibillion-dollar bitcoin position and its performance will be watched closely by investors who track both Musk and the crypto market he keeps pulling into his orbit.
