Musk Projects $500 Billion Annual Revenue for SpaceX by 2027 and Compares It to NASA's Budget

what happened

At the Baron Investment Conference on Friday, Elon Musk said SpaceX's annualized revenue could top $100 billion this December and reach $500 billion by December 2027. He called the $500 billion figure his 'best guess' rather than a promise, and put the odds of hitting $1 trillion at 2%. He also claimed that revenue in the current quarter alone would far exceed NASA's full yearly budget, citing the agency's $18.8 billion request for fiscal 2027.

According to Stocktwits, SPCX shares gained about 2% in overnight trading after Musk's remarks, following a near 9% jump on Friday to $134.27 that still left the stock down 0.3% for the week. Musk also outlined Terafab, a chip plan with a research fab in Austin and production in Grimes County, Texas, alongside renting out data-center capacity and a future orbital computing network. He stressed that spending would come in phases rather than all at once.

Separately, NASA put SpaceX on a list of eight firms eligible to bid for lunar delivery work under the CLPS 2 program, which carries a $10 billion shared ceiling over ten years.

why it matters

The figures are forward-looking statements from the company's chief executive rather than reported results, so investors will likely weigh them against actual quarterly numbers. Stocktwits data shows SPCX is down 17% year to date, while retail sentiment over the past week has shifted from bearish to bullish.

market impact

SPCX: Musk's aggressive revenue projections support interest in the shares, though reported results do not yet back them

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