Overview
Goldman Sachs has prepared revenue projections for SpaceX that forecast substantial growth in the company’s artificial intelligence division through the end of the decade. The bank’s model sees AI-related sales reaching $322 billion in 2030, a rise from $3.2 billion projected for 2025. The forecasts were shared with a potential investor, according to a person familiar with the matter.
Revenue trajectory and near-term steps
Under Goldman Sachs’ projections, SpaceX’s aggregate revenue would expand to $474 billion by 2030, up from $18.7 billion recorded last year. The AI segment is expected to accelerate rapidly in the near term, with revenue forecast to increase 388% year-over-year to $15.6 billion in 2026 and then to $34.5 billion in 2027, the person said.
Planned offering and valuation
The company is planning to raise $75 billion through an initial public offering, which would be the largest IPO on record. The offering is put forward with a target valuation of $1.75 trillion. If completed at that valuation and the shares were immediately listed, SpaceX would rank among the top 10 most valuable U.S.-listed companies.
Context and limitations
The revenue figures cited here come from forecasts prepared by Goldman Sachs and shared with a prospective investor, as described by a person familiar with the projections. The projections include multi-year, high-growth scenarios for the AI division and an assumed IPO size and valuation. The material presented here does not include additional detail on the assumptions behind the forecasts, nor does it provide information about timing beyond the years referenced or about how the company would allocate proceeds from the planned offering.
Takeaway
The projections outline a path in which SpaceX’s AI business becomes the dominant contributor to company revenue by 2030 and where the firm’s overall sales scale dramatically over the coming years. The numbers also illustrate the scale of the proposed IPO and the valuation at which management is aiming to list the company.