Goldman Sachs has projected a massive surge in revenue for SpaceX’s artificial intelligence division, forecasting an increase from approximately $3.2 billion in 2025 to $322 billion by 2030. This 100-fold growth projection is a central component of the investment bank’s analysis ahead of SpaceX's highly anticipated initial public offering (IPO).
Key Projections
AI Revenue Growth: The bank forecasts that SpaceX's AI segment revenue will jump 388% year-over-year in 2026 to $15.6 billion, followed by $34.5 billion in 2027.
Total Revenue Forecast: Goldman Sachs estimates that SpaceX’s total revenue will climb to $474 billion by 2030, up from $18.7 billion in 2025.
Context: These figures were shared with potential investors as part of the preparations for the company's IPO roadshow.
SpaceX IPO Details
SpaceX is currently preparing for what is expected to be the largest IPO in history, with the following key details:
Target Valuation: The company is aiming for a valuation of $1.75 trillion to $2 trillion.
Fundraising Goal: SpaceX aims to raise approximately $75 billion through the offering.
Timeline: The company set a price of $135 per share for the IPO. The roadshow commenced on June 4, 2026, with final pricing expected on June 11 and trading on the Nasdaq (under the ticker SPCX) projected to begin on June 12, 2026.
Market Perspectives
While the projected valuation and growth targets have generated significant investor excitement, not all market analysts share the same outlook.
Divergent Valuations: Morningstar analysts have expressed a more conservative valuation for SpaceX, pegging it at roughly $780 billion less than half of the company's IPO target.
Competitive Challenges: Morningstar analysts also highlighted that the economics and competitive landscape for SpaceX’s AI business which incorporates xAI and the social media platform X remain uncertain due to intense competition from established labs like OpenAI and Anthropic.
