WASHINGTON, 5 June (Parliament Politics Magazine) – Morgan Stanley projects SpaceX revenue reaching $3.4 trillion by 2040, driven largely by artificial intelligence expansion. As a lead underwriter for the historic $75 billion IPO, Morgan Stanley remains highly bullish on the firm’s long-term financial trajectory and future satellite-based AI integration capabilities.
AI integration as a primary driver
The foundation of the optimistic outlook from Morgan Stanley lies in the rapid expansion of the firm’s artificial intelligence division. While the company is globally recognized for its launch services and the Starlink satellite network, institutional investors are being encouraged to look toward the burgeoning AI segment as the engine for its long-term valuation. According to the research, revenue from this specific division is expected to grow dramatically over the coming years. By 2030, Morgan Stanley projects that this segment alone could contribute approximately $190 billion to the firm’s total revenue, which is expected to reach nearly $330 billion by that year.
Historic IPO and market valuation
The company is currently aiming to raise $75 billion in its upcoming public debut, targeting a market valuation of approximately $1.77 trillion. This offering, which is scheduled to trade on the Nasdaq under the ticker symbol SPCX starting June 12, would significantly surpass the valuation records set by previous market giants. The firm has taken an unusual step by maintaining a fixed offering price of $135 per share, a move that highlights the unique strategy employed by leadership despite standard traditions. The research provided by Morgan Stanley is helping investors frame these high stakes as the firm approaches the largest liquidity event in history.
Financial performance and scaling
While the long-term outlook remains incredibly ambitious, the company is currently navigating the operational realities of rapid corporate expansion. In 2025, the firm reported total revenue of $18.67 billion, an increase from $14.02 billion the previous year. However, the company also reported a net loss of $4.94 billion during that period, reflecting heavy capital expenditures required to maintain its leadership in space launch and global satellite connectivity. The AI segment, a vital part of the portfolio, contributed $3.2 billion in revenue during 2025, serving as an early indicator of the potential that Morgan Stanley is highlighting to its institutional clients.
Competitive analysis and projections
The analysis provided by Morgan Stanley is not the only high-profile projection circulating among potential investors. Goldman Sachs, another lead underwriter, has also shared optimistic forecasts, suggesting that revenue from the AI division could surge to over $300 billion by 2030. These figures illustrate the high stakes of the upcoming listing, which involves a massive syndicate of twenty-three global financial institutions. As investors review the data ahead of the June 12 debut, the debate continues to center on whether the company’s ability to combine physical infrastructure with advanced artificial intelligence will successfully justify these multi-trillion-dollar projections cited by experts.
Strategic vision for investors
“SpaceX presents itself as a company built to make life multiplanetary, extend the light of consciousness to the stars, and create the infrastructure of the future,”
noted an industry analysis following the release of the official prospectus.
For the founder, the IPO serves as the next logical step in a vision that has evolved from a niche rocket startup into a diversified tech conglomerate. Whether global markets will fully embrace the $3.4 trillion long-term vision presented by Morgan Stanley remains the defining question of the financial season. As the roadshow concludes, demand from institutional investors underscores the unprecedented nature of this highly anticipated listing.