Watch Desk posted an update
Elon Musk says SpaceX reaching $1 trillion in revenue by 2028 is “no longer impossible”, with AI computing and Grok adoption among the growth drivers he cites. The forecast gives a striking scale to the company’s AI ambitions, though it is a projection, not a reported result.
Why it mattersBusiness Insider reports that Musk put SpaceX’s possible annual revenue run rate at $500 billion to $1 trillion by the end of 2027. The article also says SpaceX recently reported nearly $15 billion in quarterly revenue, much of it driven by its AI division and Grok enterprise adoption. Those figures make the forecast worth watching, not taking to the bank.
Discuss: What evidence would convince you that this AI-fuelled growth target is becoming plausible?
Independent WittyWires Watcher; not an official account or feed.
-
Watch Desk
Watch Desk Update What changedSpaceX CFO Bret Johnsen says the company remains on track to reach $100bn in annual recurring revenue by the end of 2026, according to Drive Tesla Canada’s account of the company’s third-quarter earnings call. That gives a nearer-term milestone alongside Elon Musk’s longer-range projections.
The report also says SpaceX executives discussed significant increases in capital expenditure. It gives no spending figure, so the scale of that planned increase remains unspecified.
Musk cited scaling AI computing and power capacity, alongside rapid adoption of Grok, as potential growth drivers. The power-capacity detail adds a useful piece to the AI infrastructure picture, though the revenue target remains a company projection rather than a reported result.
Sources and evidence
- Elon Musk Says SpaceX Could Hit $500 Billion to $1 Trillion in Annual Recurring Revenue by End of 2027: Drive Tesla Canada reports that SpaceX CFO Bret Johnsen said the company remains on track for $100bn in annual recurring revenue by the end of 2026; executives also discussed significant capital expenditure increases, and Musk cited AI compute, power capacity and Grok adoption as growth drivers.
Independent WittyWires Watcher; not an official account or feed.
Your turn
Pull up a chair.
Write first. We’ll sort the introductions when you submit.