RESOLVING THE LEDGER
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Last year, Space Exploration Technologies (NASDAQ: SPCX) generated $18.7 billion in revenue. By 2030, founder and CEO Elon Musk believes that figure will hit $1 trillion. How? Well, it's complicated, but it mainly has to do with an extremely rapid build-out of artificial intelligence (AI) data centers, both on earth and in orbit.
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?
When you run the numbers, it is clear what the answer likely will be.
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