Elon Musk says SpaceX's "$1 trillion in revenue" forecasts "have moved up" a year, to 2030

During SpaceX’s first quarterly earnings call on Tuesday, Elon Musk told investors that Starlink should pass $100 billion in annualized revenue by December. He also said the company now expected to reach $1 trillion in actually earned yearly sales by 2030, one year earlier than previously forecast, and did not rule out 2029. The update accompanied figures showing $7.8 billion in quarterly revenue, up 92%, and a net loss of $541 million. Musk linked the outlook to upcoming Starship test flights launching upgraded Starlink satellites, quicker profitability on xAI computing investments, and plans for space-based data centers.