Goldman Sachs thinks SpaceX’s AI business will generate $322 billion in annual revenue by 2030. That’s up from $3.2 billion in 2025, a clean 100x jump in five years.
The projection, disclosed on June 4, is part of Goldman’s pitch to potential investors ahead of SpaceX’s anticipated Nasdaq listing in mid-June. Goldman is serving as lead-left bookrunner for the IPO, which carries a targeted valuation of $1.78 trillion.
The numbers behind the narrative
Goldman’s internal projections map out a steep growth curve for SpaceX’s AI division. Revenue is forecast at $15.6 billion in 2026 and $34.5 billion in 2027, before rocketing to $322 billion by the end of the decade.
The AI unit isn’t a side project. It’s being positioned as the primary engine of SpaceX’s overall growth. Total company revenue is projected to climb from $18.7 billion last year to $474 billion by 2030. If the AI numbers hold, that division alone would account for roughly 68% of total revenue by decade’s end.
