Elon Musk Says He Would Be 'Disappointed' If SpaceX Does Not ‘Significantly Exceed’ These Bullish Revenue Milestones

Elon Musk responded to bullish financial projections for Space Exploration Technologies Corp. (NASDAQ: SPCX ) by doubling down on his own aggressive outlook, saying he would be "disappointed" if the rocket, satellite and AI infrastructure company failed to vastly exceed Wall Street estimates in the coming years.

Musk Raises Bar For SpaceX Growth "I would be disappointed if SpaceX did not significantly exceed these milestones," Musk wrote Sunday on X.

I would be disappointed if SpaceX did not significantly exceed these milestones — Elon Musk (@elonmusk) June 29, 2026 Musk was replying to Aaron Burnett, CEO of asset management and financial services firm Mach33, who shared bullish views on SpaceX revenue.

Burnett said his team’s Starlink estimates rank among the industry’s most optimistic, adding, "The more I dive into the AI compute side the more I’m realizing we likely underestimated Cursor/grok." Burnett’s quoted post projected SpaceX could scale to nearly $100 billion in annual revenue by 2028, driven by launch control, Starlink growth beyond 10 million subscribers, V3 satellites, direct-to-cell service, Starship reusability and AI compute leasing.

Wall Street Estimates Trail Musk’s Forecasts The exchange follows an even bigger claim from Musk earlier this month.

He said SpaceX could reach roughly $1 trillion in annual revenue by 2030, more than triple Morgan Stanley’s estimate of roughly $330 billion at the time.

He later suggested he would be surprised if revenue remained below $1 trillion in 2031.

Read Also: Elon Musk Shares Wish For Mankind On 55th Birthday, Mom Maye Says Son Celebrated With Rocket And Moon Base Cake Goldman Sachs has projected a more optimistic 2030 revenue figure of above $470 billion.

New Street Research has projected about $195 billion by 2030, while ARK Invest’s Brett Winton has suggested SpaceX revenue could eventually reach $300 billion to $400 billion.

The targets are enormous compared with SpaceX’s current base.

The company reported $18.67 billion in revenue in 2025, up from $14.02 billion in 2024, but posted a $4.94 billion net loss.

Reaching $1 trillion by 2030 would require revenue to grow more than 50 times from 2025 levels.

Public Market Debut Adds Investor Pressure Those projections are hitting the market just as SpaceX faces pressure to justify its valuation after its public debut.

The company completed the largest IPO in history on June 12, raising a record $85.7 billion.

Shares opened at $150 against a $135 offering price, sending SpaceX’s valuation past $2 trillion and briefly making Musk the world’s first trillionaire.

After surging to about $225, the stock turned volatile during a broader tech sell-off.

Shares are hovering near $153, only slightly above their first trading price and about 14% above the IPO offer price.

SpaceX has also announced a senior unsecured bond offering and disclosed $100.8 billion in cash as of mid-June.

Pro data show SpaceX is scheduled to report second-quarter earnings on Aug.

17, when investors will get their first official look at the company’s public-market financials.

According to Edge Rankings, SpaceX stock has a negative price trend in the Short, Medium and Long term.

Read Also: Mohamed El-Erian Some See Financing By SpaceX As The 'Perfect Example' Of A Market Bubble, And Others As 'Illustrative' Of Technological Breakthrough Photo Courtesy: Samuel Boivin on Shutterstock.com