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

The forecast leans heavily on AI compute and super intelligence, while the CFO's near-term guidance stays closer to earth Elon Musk has a new number for SpaceX, and it is not small. On the company’s Q3 2026 earnings call on October 20, he said SpaceX’s annual recurring revenue could reach between $500 billion and $1 trillion by the end of 2027. The engine behind the forecast is not launches but AI: specifically SpaceX’s super intelligence (SI) and AI compute businesses. The projection deserves a careful read. Musk framed it as annual recurring revenue, meaning a year-end run rate, not a full calendar year of booked sales. That distinction matters because the current numbers, while strong, are nowhere near that pace.

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