SpaceX's AI Revenue Could Eclipse Starlink — Goldman Forecasts 100-Fold Surge To $322B By 2030

• Goldman’s projections indicate that the rocket division’s revenue growth could be relatively slower than that of SpaceX’s other businesses.
• SpaceX's rocket business is projected to grow from $4.1 billion in revenue in 2025 to $8.3 billion by 2030.
• Revenue from SpaceX’s Starlink satellite internet service is expected to reach $144 billion by 2030, making it the company's second-largest business unit in terms of topline.

SpaceX's (SPCX) AI revenue could soar 100-fold to $322 billion by 2030, according to a Goldman Sachs forecast, eclipsing both its rocket and Starlink businesses.

According to a report by The Financial Times, Goldman expects SpaceX’s total revenue to rise 25-fold to $474 billion by 2030, up from $18.7 billion in 2025.

Goldman projects SpaceX's AI revenue will surge 388% to $15.6 billion in 2026 and then more than double to $34.5 billion in 2027. The bank expects another acceleration thereafter, with revenue rising more than ninefold between 2028 and 2030.

Rocket Division Growth Expected To Be Relatively Slower

Goldman’s projections indicate that the rocket division’s revenue growth could be relatively slower than that of SpaceX’s other businesses. According to the report, the rocket division’s revenue is expected to reach $8.3 billion by 2030, from $4.1 billion in 2025.

Revenue from SpaceX’s Starlink satellite internet service is expected to reach $144 billion by 2030, making it the company's second-largest business unit in terms of topline.

Goldman forecast SpaceX’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to soar over 52-fold to $352 billion by 2030, from $6.6 billion in 2025.

SPCX Releases IPO Roadshow Presentation

SpaceX on Thursday released its IPO roadshow presentation, detailing the status of its space, connectivity, and AI divisions.

SpaceX touted its launch capabilities with high reusability and cadence. The aerospace giant has undertaken about 650 launches so far, with more than 95% missions reusing a booster in 2025.

SpaceX also has over 9,600 Starlink satellites, covering 164 countries and reaching about 10.3 million subscribers.

SpaceX Prices IPO

SpaceX disclosed the pricing terms for its IPO in a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday, saying it plans to raise $75 billion by offering 555.55 million shares at $135 each.

SpaceX is expected to reach a valuation of $1.75 trillion, with Musk holding approximately 82.4% of the voting power once SpaceX debuts on the Nasdaq.

The Procure Space ETF (UFO) is up 137% during this period, while the Tema Space Innovators ETF (NASA) is up 50%.

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