Prime Highlights-
- Goldman Sachs expects SpaceX’s AI revenue to jump from $3.2 billion in 2025 to $322 billion by 2030.
- SpaceX plans to raise $75 billion in what could become the largest IPO in history.
Key Facts-
- SpaceX is an aerospace and technology company led by Elon Musk, with operations spanning space technology, AI and social media.
- Goldman Sachs forecasts SpaceX’s total revenue to reach $474 billion by 2030, up from $18.7 billion last year.
Background-
Goldman Sachs expects SpaceX’s artificial intelligence business to grow rapidly over the next few years, strengthening the company’s case as it prepares for a record-breaking stock market debut.
According to forecasts shared with a potential investor, the bank expects revenue from SpaceX’s AI division to rise from $3.2 billion in 2025 to $322 billion by 2030. It also projects the company’s total revenue to increase from $18.7 billion last year to $474 billion by the end of the decade.
The forecasts suggest strong growth in the near term as well. Goldman Sachs expects AI-related revenue to reach $15.6 billion in 2026 and grow further to $34.5 billion in 2027.
Goldman Sachs is leading the underwriting team for SpaceX’s planned share sale. Other major banks involved in the offering include Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan.
SpaceX aims to raise $75 billion through the offering, which would make it the largest initial public offering on record. The company is seeking a valuation of about $1.75 trillion, placing it among the most valuable publicly traded companies in the United States.
The company set an IPO share price of $135 in June and started its investor roadshow. Pricing is expected in the second week of June, while trading on the Nasdaq is scheduled to begin shortly afterward.
Investors are expected to show strong interest in the offering, supported by Elon Musk’s track record and the company’s growth prospects.
However, some analysts remain cautious. Morningstar estimated SpaceX’s value at $780 billion, well below the company’s target valuation. Analysts also noted that the long-term outlook for the AI business remains uncertain because of strong competition and questions about future profitability.
