Will SpaceX Be the First Company to Hit $1 Trillion in Revenue?

econews. No company has ever hit $1 trillion in revenue in a single calendar year. Musk believes SpaceX can achieve this feat five years from now. Will SpaceX be the first company ever to hit $1 trillion in revenue, and can it be the first to reach this goal?

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When you run the numbers, it is clear what the answer likely will be.

Aggressive investments for AI data centers

To grow revenue from less than $20 billion in 2025 to $1 trillion in 2030, SpaceX will need to compound sales at more than 100% annually for five straight years. It is working to do so by spending a boatload on constructing AI data centers. Capital expenditures on AI infrastructure were $15.8 billion last quarter alone, roughly double its revenue for the period.

If its current build-out trajectory holds, SpaceX will generate $100 billion in annual recurring revenue (ARR) by the end of this calendar year. That is according to Elon Musk on the latest earnings call. From there, SpaceX plans to maintain its aggressive capital investments, believing there is near-unlimited demand from AI companies for cloud computing services.

On top of AI data centers, SpaceX has a highly promising business in Starlink internet, which grew revenue by 66% year over year and is regularly launching new, more powerful satellites into orbit to expand its global coverage and bandwidth capabilities. The segment is now at $4.3 billion in quarterly revenue, and could generate tens of billions in revenue in the near future. Still, compared to the $1 trillion goal by 2030, it will not make a massive dent in these plans. To hit $1 trillion, most of the revenue will have to come from AI data centers.

What the math suggests

Investors should be confident that SpaceX can accelerate its revenue growth through the rest of 2026. It already has contracts with other AI companies, such as Alphabet and Anthropic, worth around $26 billion a year. The company's recent IPO gave it a massive war chest of around $100 billion, which it can use to invest in infrastructure that will likely lead to meaningful revenue gains in the near future. Musk himself said there is a line of sight to $100 billion in ARR by the end of this year.