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Morgan Stanley Foresees Trillions in Revenue for SpaceX by 2040

Investment bank Morgan Stanley has presented optimistic financial forecasts to prominent investors regarding SpaceX's future revenue. These projections underpin the bank's justification for the rocket manufacturer's significant valuation in the private market.

6/19/2026, 8:15:48 PM

Morgan Stanley has shared ambitious financial outlooks with key investors, predicting that aerospace company SpaceX could achieve revenues reaching an astronomical $3.4 trillion by the year 2040. These figures are central to how the investment bank is currently presenting the private company's substantial market valuation of $1.77 trillion to potential stakeholders, according to The Wall Street Journal. The detailed projections offer a glimpse into the long-term vision Morgan Stanley holds for the Elon Musk-led enterprise, highlighting belief in its sustained growth and market dominance in the coming decades. Such a high valuation and revenue forecast suggest an expectation of continued expansion across multiple sectors in which SpaceX operates, including satellite internet services and space transportation. The Wall Street Journal reports that these financial models were part of discussions aimed at solidifying investor confidence in SpaceX's trajectory and its considerable present valuation. The strategy appears to focus on illustrating the potential for exponential growth, thereby rationalizing the current, lofty private market assessment. While specific details of the underlying assumptions for these revenue figures were not fully disclosed in the reporting, it is understood that the bank's analysis likely incorporates anticipated advancements in space technology, increased demand for satellite communication, and the potential for new revenue streams from space exploration and related industries. The forecast underscores a bold stance from Morgan Stanley on the future of commercial space activities and SpaceX's pivotal role within that future. It signals a strong conviction in the company's ability to not only maintain its current innovative pace but also to scale its operations to unprecedented levels within the next two decades. This forward-looking perspective is crucial for attracting and retaining high-value investors in the rapidly evolving space economy.

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