Gene Munster Predicts SpaceX Could Generate $135 Billion In Annual Revenue— Well Above Wall Street's Forecast: 'The Dust Is Settling...'

Investor Gene Munster of Deepwater Asset Management has backed Space Exploration Technologies Corp. (NASDAQ: SPCX ), saying that the company’s revenue will grow in the coming year.

SpaceX Revenue Up 17% In a post on X following SpaceX’s earnings call on Wednesday, Munster said that the company “only gave guidance for an exiting 2026 revenue run rate of $100B.” Munster added that the guidance implied a fourth-quarter revenue of $22 billion for SpaceX.

When compared with Q2, Q4 “revenue estimate numbers went up by about 17%,” Munster said.

Read Also: SpaceX Stock Falls: Gene Munster Calls Q2 ‘A Blow Out’ — ‘Market Missing the Point’ The dust is settling on the $SPCX analyst estimates.

As a reminder, the company only gave guidance for an exiting 2026 revenue run rate of $100B.

That basically implies December quarter revenue of $22B, versus $7.8B reported in June.

This means December revenue estimate… — Gene Munster (@munster_gene) August 5, 2026 Gene Munster’s Bullish Revenue Stance In a separate post on X, Munster also outlined that SpaceX’s 90-day exit clauses in compute contracts with the likes of Anthropic and Alphabet Inc. ‘s (NASDAQ: GOOGL ) (NASDAQ: GOOG ) Google were not going away because SpaceX was “still in the top of the first when it comes to inference.” Read Also: SpaceX Has Reached the Moon, Just Not How Elon Musk Might Have Planned It He also shared that Wall Street’s estimates of $100 billion revenue in Calendar Year 2027 based on SpaceX’s $8.5 billion monthly guidance by December 2026 meant “impressive 122% y/y” growth.

He also added that “SpaceX’s businesses are rapidly growing month over month, which leads me to believe SpaceX’s revenue will grow month over month in CY27.” Munster said that based on $8.5 billion revenue from December 2026, a 5% month-over-month growth in SpaceX’s revenue would translate to calendar year 2027 revenue of $135 billion, compared to the Street estimates of $100 billion.

A thought on $SPCX CY27 Street estimates: The company’s guidance calls for about $8.5B in monthly revenue in December.

The Street is currently at about $100B in revenue for CY27, which will be up an impressive 122% y/y.

Before I get into this modeling exercise, it’s worth noting… — Gene Munster (@munster_gene) August 5, 2026 Gary Black’s SpaceX Question, Peter Diamandis Backs $10 Trillion Valuation Investor Gary Black of The Future Fund LLC questioned retail investors buying the dip as SpaceX stock continued its decline following the earnings call. “This makes no sense with 911.5M new SPCX shares potentially entering SPCX’s float tomorrow, which will double its size,” the investor said.

Meanwhile, The All In Podcast host Peter Diamandis said that SpaceX could reach a $10 trillion valuation after CEO Elon Musk said that SpaceX’s revenue could reach $1 trillion by the end of the decade during SpaceX’s earnings call.

Edge Rankings show SpaceX fails to provide a favorable price trend in the short, medium, and Long term.

Price Action: SpaceX shares surged 1.51% to $109.90 during pre-market trading on Thursday.

Read Also: Elon Musk Says Zohran Mamdani Is a 'Thief' and a 'Liar' Over City-Owned Grocery Stores: 'AI & Robots Will Actually Deliver' Free Goods and Services Check out more of Future Of Mobility coverage by following this link.

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