Morgan Stanley Sees SpaceX Revenue Reaching $3.4 Trillion by 2040

Key Facts

In a move reflecting growing optimism about the future of the space economy, Morgan Stanley has issued an ambitious long-term forecast for Elon Musk's SpaceX. The bank projects that the company's revenue could reach $3.4 trillion by the year 2040, according to reports from the Wall Street Journal. This projection highlights the massive long-term valuation potential of the private space exploration firm and its capacity to reshape the sector.

These projections arrive as listed space peers show mixed performance; Rocket Lab (RKLB) continues to trade at levels reflecting steady government contract wins, while investors monitor Boeing (BA) within the defense and space segment, per market data. Compared to previous industry estimates, this figure represents a significant leap in projected valuations for private entities yet to go public, further solidifying SpaceX's position as the dominant industry leader.

While SpaceX remains a private entity, markets are closely watching for any signals regarding a potential IPO or a spin-off of the Starlink satellite business. Looking ahead at the economic calendar, traders are awaiting Fed Chair Powell's speech on May 31, 2026, for clarity on financing costs which impact capital-intensive investments in the technology and aerospace sectors.