Musk Predicts SpaceX $1T by 2030; Investor Urges Tesla Merger

Elon Musk wrote on X that SpaceX could reach about $1 trillion in annual revenue by 2030 and likely more in 2031. The comment came days after SpaceX completed its Nasdaq debut.

SpaceX listed on the Nasdaq on June 12 under the ticker SPCX, selling shares at a fixed $135 and raising roughly $75 billion at a $1.75 trillion valuation. Reported demand for the offering reached about $250 billion, about four times the shares available.

SpaceX reported $18.7 billion in revenue for 2025, up from about $14 billion in 2024. Reaching $1 trillion in 2030 would require roughly a 53-fold increase in annual revenue from 2025 levels over five years.

Morgan Stanley, a lead underwriter on the IPO, modeled SpaceX revenue at about $330 billion for 2030 and $160 billion for 2028.

Investor Anthony Pompliano wrote on X addressing Tesla shareholders and urged a merger of Tesla and SpaceX. He wrote, “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.” Tesla is a publicly traded automaker and SpaceX is an aerospace company with different business models and shareholder bases.

As of March 31, SpaceX held 18,712 bitcoin with a reported fair value of about $1.29 billion. Tesla’s reported bitcoin holdings total 11,509 BTC.

A merger of Tesla and SpaceX would require approval from both companies’ shareholders and regulatory review. The combination would involve an automaker and an aerospace firm that operate under distinct regulatory regimes and capital structures.

SpaceX’s public listing subjects the company to quarterly reporting requirements, including disclosures of revenue and cash flow by segment. Morgan Stanley served as a lead underwriter on the offering and provided the revenue models cited in the company’s public filings.