Elon Musk expects SpaceX's annualized revenue to exceed $500 billion by the end of 2027.

On Friday, Musk stated in an interview that he still expects SpaceX (SPCX.US) to achieve an annualized revenue exceeding $500 billion by the end of 2027, which he considers the most reasonable forecast. While reaching $1 trillion in revenue is not entirely impossible, he estimates the probability at only about 2%. He predicts that SpaceX will surpass $100 billion in annualized revenue by the fourth quarter of 2026, representing a roughly 70% quarter-on-quarter growth, but emphasized that these figures are his personal expectations and not commitments. Musk also mentioned that revenue from the U.S. government will account for less than 10% of SpaceX's total this quarter and is expected to fall below 5% within a year. He stated that the company's government business provides the highest product quality at the lowest price. Following the announcement, SpaceX's share price rose by more than 8% at one point.