Goldman Sachs expects SpaceX’s AI revenue to surge from $3.2 billion in 2025 to $322 billion by 2030, according to forecasts shared with a potential investor and reported by the Financial Times.
The projection comes as SpaceX prepares what could become the largest IPO in US history. The company is seeking to raise $75 billion at a valuation of about $1.75 trillion.
Goldman’s forecast implies that AI would become SpaceX’s largest business within five years. The bank expects SpaceX’s total revenue to rise from $18.7 billion in 2025 to $474 billion by 2030, with AI accounting for most of that growth.
The intermediate targets are also aggressive. Goldman expects AI revenue to rise to $15.6 billion in 2026 and $34.5 billion in 2027 before accelerating sharply toward the end of the decade, according to the FT report.
Starlink is expected to remain a major contributor, with projected revenue of $144 billion by 2030. That would still leave the AI business more than twice as large as SpaceX’s satellite internet division under Goldman’s model.
