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SpaceX could make $500 billion in 2027, Elon Musk says
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Elon Musk told SpaceX employees that the company could generate $500 billion in annual revenue by 2028, as artificial intelligence becomes its dominant business. In an address posted on X on Aug. 11, Musk said SpaceX's AI revenue will likely exceed all other revenue beginning next month. The company is no longer just a rocket launcher but an AI powerhouse.
SpaceX has been pivoting to AI for months. It acquired Musk's startup xAI earlier this year, gaining the Grok chatbot and the Colossus supercomputer cluster in Tennessee. The company sold about 1.4 gigawatts of AI compute capacity, and Musk now aims to have 10 gigawatts online by the end of 2026. At $30 to $50 per watt, that could produce $300 to $500 billion in yearly revenue.
Musk predicted AI would eventually make up 99% of SpaceX's value within five years. The company recently filed IPO paperwork identifying a $28.5 trillion total addressable market, nearly $23 trillion of it in AI. To put that in perspective, U.S. GDP last year was roughly $30.8 trillion.
SpaceX plans to build Terafab, a chip-manufacturing complex in Texas with Tesla, and launch a million Starmind AI satellites via Starship. Longer term, the company wants lunar factories to construct off-Earth data centers, with satellites launched via electromagnetic rail guns. These efforts could unlock unprecedented profits, according to Musk.
Musk emphasized that SpaceX's AI must benefit humanity. He called on employees to support the AI push, saying that success would enable any interested worker to travel to the Moon or Mars in the future. "You have my word," he said.
The transition marks a major shift for a company once focused solely on space transportation. With AI now central to its strategy, SpaceX's future may depend as much on silicon as on rockets. Investors will watch whether Musk can deliver on these astronomical targets.
