JUST IN: Elon Musk predicts SpaceX $SPCX will reach $3.5 trillion in revenue by 2033. That’s nearly 5x Amazon’s entire 2025 revenue, and about 187x what SpaceX itself made last year. His take builds on Musk’s earlier target of $1 trillion in revenue by 2030, which he pulled forward from an original 2031 estimate. Worth noting: SpaceX has never published a revenue target in any regulatory filing. This is Musk speaking personally, not official company guidance. So what’s actually driving current growth? Starlink remains SpaceX’s biggest earner, with subscribers doubling to 12 million last quarter, even as average revenue per user slipped. Launch revenue is comparatively small, just $962 million last quarter. The real bet is AI. SpaceX’s IPO filings put its total addressable market at $28.5 trillion, with $26.5 trillion of that coming from AI alone. Hitting $3.5 trillion by 2033 would mean SpaceX growing about 92% every single year for eight straight years.