Morgan Stanley Projects SpaceX Revenue to Hit $3.4 Trillion by 2040

Amid an intensifying race for dominance in the space economy and global connectivity, Morgan Stanley has released massive financial projections for SpaceX. According to reports, the bank projects SpaceX revenue could reach $3.4 trillion by 2040 to support its targeted valuation, with adjusted EBITDA estimated to hit $2.7 trillion in the same year. Additionally, both Goldman Sachs and Morgan Stanley project that the company's revenue will approach the $160 billion mark as early as 2028.

These projections come as SpaceX seeks to solidify its position as the world's most valuable private company, placing it in indirect competition with big-tech giants regarding future market capitalization. In comparison to the aerospace and defense sector, SpaceX's targeted valuation of $1.75 trillion exceeds the combined market caps of industry leaders like Boeing and Lockheed Martin, per market data (close 2026-06-05). Analysts suggest that the Starlink satellite internet project is the primary driver behind these projected 80% profit margins by 2040.

Investors are closely monitoring any signals regarding the timeline for a potential IPO of the company or its Starlink division. Looking at current market levels, instruments indirectly linked to the sector such as 0QYU.L remain at stable levels (close 2026-06-05). On the economic front, traders are awaiting Fed Chair Powell's speech on May 31, 2026, which could influence risk appetite for high-valuation growth and tech stocks.