Elon Musk Expects SpaceX to Make $500 Billion to $1 Trillion in Sales Next Year. Here's What That Means for the Stock

Elon Musk thinks so. SpaceX is growing fast, and it reported $14. 6 billion in third-quarter revenue, a 161% year-over-year increase. However, CEO Elon Musk thinks it can grow much, much faster. "What this implies for SpaceX's annual recurring revenue by the end of 2027 is somewhere between $500 billion and $1 trillion," he said on the Oct. 20 earnings call, referring to the growth of its newly renamed "super intelligence" business.