SpaceX Stock Is Down 33% From Its High. Elon Musk Expects Revenue to Rise 53-Fold to $1 Trillion by 2030.

SpaceX (SPCX) shares have fallen 33% from their peak following the company's recent IPO, even as CEO Elon Musk projects aggressive revenue growth. Musk forecasts $100 billion in annual recurring revenue by the end of 2026 and $1 trillion by 2030, driven primarily by a pivot into AI data center operations. The trillion-dollar target represents a 53-fold increase from current levels over the next five years.

The projections center on SpaceX transitioning from its core launch business into AI infrastructure. However, analysts are expressing skepticism about the timeline. The Motley Fool recommends avoiding the stock, citing Musk's track record of missed deadlines and overpromised projections as a key concern for the ambitious 50-fold revenue expansion required to hit the 2030 target.

The 33% drawdown from highs suggests the market is pricing in execution risk on the AI infrastructure bet, despite the company's established position in commercial spaceflight.