Elon Musk Projects SpaceX Revenue Run Rate Reaching Up to $1 Trillion by 2027

SpaceX CEO Elon Musk projected that the company could achieve an annual recurring revenue run rate of $500 billion to $1 trillion by late 2027, driven by rapid artificial intelligence computing expansion and Starlink growth. The long-term forecast compares with formal near-term guidance from CFO Bret Johnsen of $33 billion to $37 billion for first-quarter 2027, implying an annualized run rate of $132 billion to $148 billion. For the third quarter of 2026, SpaceX posted revenue of $14.6 billion, up 161% year-over-year, alongside net income of $4.4 billion. Capital expenditures are forecasted to reach $35 billion to $40 billion in the fourth quarter.