Morgan Stanley Says Buy, Musk Says $3.5T Revenue Target: What’s Next for SpaceX (SPCX) Stock

TLDR

• Elon Musk says SpaceX could hit $3.5 trillion in annual revenue by 2033, seven years ahead of Morgan Stanley’s 2040 forecast.
• SpaceX Q2 revenue jumped 92% to $7.81 billion, with connectivity leading at $4.29 billion.
• Getting to $3.5 trillion from a ~$31 billion run rate would require roughly 96% compound annual growth over seven years.
• SpaceX announced a $100 billion Louisiana spaceport, with construction starting in 2027 and first Starship launch targeted for 2029.
• SPCX closed at $141.50, up around 0.5%, above Morgan Stanley’s current price target of $137 per share.

SpaceX (SPCX) stock closed at $141.50, up around 0.5%, after Elon Musk made a bold revenue forecast that sent Wall Street talking.

Space Exploration Technologies Corp., SPCX

Musk posted on X that SpaceX could hit roughly $3.5 trillion in annual revenue by 2033. Morgan Stanley, which just updated its SpaceX research note, puts that same milestone around 2040. That’s a seven-year gap.

Morgan Stanley analyst Adam Jonas kept his Overweight rating on SpaceX and called the company “attractively valued.” The bank’s current price target sits at $137 per share, just below where the stock is trading now.

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