Morgan Stanley predicts that SpaceX's revenue could reach $3.4 trillion by 2040.

CoinFeed reported on June 5th, citing the Wall Street Journal, that an analysis shared by Morgan Stanley with major investors on Thursday suggests SpaceX's revenue could reach $3.4 trillion by 2040, with adjusted EBITDA exceeding $2.7 trillion. SpaceX reported revenue of $18.7 billion and a loss of $4.9 billion in 2025. Analysts at Goldman Sachs and Morgan Stanley both predict SpaceX's revenue will approach $160 billion by 2028. Goldman Sachs projects revenue will exceed $470 billion by 2030, while Morgan Stanley's forecast is closer to $330 billion. Both banks expect SpaceX's artificial intelligence business to contribute the majority of revenue and experience significant growth after this year in order to achieve these revenue levels.