TLDR
- Goldman Sachs reportedly expects SpaceX AI revenue to reach $322 billion by the end of 2030.
- The forecast places SpaceX total revenue at $474 billion during 2030, according to reported estimates.
- SpaceX’s IPO valuation target is tied to rapid growth across AI, Starlink, and launches.
- The AI business reportedly includes xAI and X, with 2025 losses listed at $6.4 billion.
- Reuters said it could not independently confirm the reported Goldman Sachs revenue forecasts.
Goldman Sachs expects SpaceX’s artificial intelligence revenue to rise almost 100 fold by 2030, according to forecasts reportedly shared with a potential investor. The bank’s estimates place AI revenue at $322 billion by the end of the decade, compared with $3.2 billion in 2025.
The projection forms part of reported assumptions behind SpaceX’s proposed initial public offering valuation, which has been placed near $1.75 trillion to $1.78 trillion. Reuters reported that it could not independently confirm the Financial Times account, while Goldman Sachs did not immediately respond to a request for comment.
The AI business is described in the report as including xAI and social media platform X, both linked to Elon Musk’s wider business network. The prospectus cited in the report said xAI recorded a $6.4 billion loss in 2025.
IPO Valuation Rests on Expansion Targets
Goldman Sachs also forecasts total SpaceX revenue of $474 billion in 2030, rising from $18.7 billion last year, according to the reported estimates. The bank expects AI revenue to rise 388 percent year over year to $15.6 billion in 2026 and reach $34.5 billion in 2027.
The company has reportedly set a public IPO share price of $135 and started its roadshow, with pricing expected on June 11. Trading is expected to begin on Nasdaq the following day, according to the report.
SpaceX is seeking to raise $75 billion through the listing, which would make it the largest IPO on record if completed at that size. Goldman Sachs is reported to be the lead underwriter, joined by Morgan Stanley, BofA Securities, Citigroup, and J.P. Morgan.
Starlink and Rocket Revenue Remain Central
The same reported forecasts place Starlink revenue at $144 billion by 2030, making it another major driver of SpaceX’s future revenue base. Rocket business revenue is projected at $8.3 billion by 2030, reflecting continued demand for launch services.
Investor demand is expected to be strong because of Musk’s record in building large technology and transport companies, according to the report. However, Morningstar analysts have reportedly valued SpaceX at $780 billion, less than half the company’s IPO target.
The Goldman Sachs forecast presents SpaceX’s AI segment as a core part of the company’s long-term revenue case. The offering will test investor confidence in whether SpaceX can combine satellite internet, launch services, and AI operations into revenue growth at the scale described in the reported projections.
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