Elon Musk Predicts SpaceX Will Generate $3.5 Trillion in Revenue by 2033. History Suggests He Will Be Wrong Yet Again.
Yahoo Finance ·
Elon Musk has a history of stretching the horizon until it looks close enough to grab. In late August, he offered his "best guess" that Space Exploration Technologies ( SPCX -0.76% ) could generate roughly $3.5 trillion in revenue by 2033. That prediction was posted casually on social media, not offered as formal company guidance . However, as is frequently the case when Musk communicates, his words still landed with force. This forecast invites some simple questions: Why should investors treat a timeline this aggressive as anything more than marketing? Let's dig into SpaceX's current state and explore Musk's history using timelines. Spoiler alert: History suggests he's nowhere near correct with this prediction. Elon Musk. Image Source: The White House. Despite its name, SpaceX is not primarily a launch business at this point. The company also has a connectivity segment built around Starlink 's broadband service as well as an artificial intelligence (AI) infrastructure division.
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