Musk projects SpaceX annualized revenue could top $500 billion by end of 2027

Elon Musk said SpaceX’s annualized revenue could exceed $500 billion by the end of 2027, a target that would sharply reprice the company’s valuation. The projection leans on AI-driven revenue ambitions, which could shift how investors benchmark SpaceX—away from aerospace peers and toward major technology companies. The figure is an annualized run-rate, not a full-year result, so it implies steep sequential growth from current levels. The claim matters because SpaceX remains privately held, making Musk’s public targets one of the few forward signals available to investors and potential IPO watchers. What to watch next is whether Starlink and other AI-linked businesses scale fast enough to support that run-rate, and whether subsequent funding rounds or an eventual listing begin to price in the $500 billion trajectory.