--- title: Elon Musk said SpaceX will hit $1trn in revenue by 2030.... description: SpaceX's first public earnings revealed a striking shift: the company made more revenue from AI compute ($2.6bn, up 247%) than from its space business ($962m),... canonical: https://daily.dev/posts/elon-musk-said-spacex-will-hit-1trn-in-revenue-by-2030-its-first-earnings-sent-the-stock-down-11--hatzhmlrf twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Elon Musk said SpaceX will hit $1trn in revenue by 2030. Its first earnings sent the stock down 11% | daily.dev og:description: SpaceX's first public earnings revealed a striking shift: the company made more revenue from AI compute ($2.6bn, up 247%) than from its space business ($962m),... og:url: https://daily.dev/posts/elon-musk-said-spacex-will-hit-1trn-in-revenue-by-2030-its-first-earnings-sent-the-stock-down-11--hatzhmlrf og:image: https://api.daily.dev/og/posts/haTzhMLRF.png og:image:alt: Elon Musk said SpaceX will hit $1trn in revenue by 2030. Its first earnings sent the stock down 11% og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Elon Musk said SpaceX will hit $1trn in revenue by 2030. Its first earnings sent the stock down 11% **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary SpaceX's first public earnings revealed a striking shift: the company made more revenue from AI compute ($2.6bn, up 247%) than from its space business ($962m), with total revenue nearly doubling to $7.8bn. Starlink remains the only profitable segment, generating $4.3bn in revenue and $1.7bn in operating income with 12 million subscribers. Despite the growth, shares fell 11% after capital spending surged sixfold to $18.4bn, mostly on AI infrastructure. Elon Musk raised the company's $1 trillion annual revenue target to 2030, while executives offered more cautious framing. A $101bn insider lockup expiration adds further pressure to the already battered stock. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [The three hard-tech moonshots fueling SpaceX’s unbelievable IPO](https://daily.dev/posts/the-three-hard-tech-moonshots-fueling-spacex-s-unbelievable-ipo-na3juryxy) · TechCrunch · 0 upvotes · 0 comments - [SpaceX’s public IPO filing confirms Musk and insiders retain dominant voting control](https://daily.dev/posts/spacex-s-public-ipo-filing-confirms-musk-and-insiders-retain-dominant-voting-control-9iog6gc1x) · The Next Web · 0 upvotes · 0 comments - [Elon Musk is steamrolling Wall Street to become a trillionaire](https://daily.dev/posts/elon-musk-is-steamrolling-wall-street-to-become-a-trillionaire-8sadx6d6h) · The Verge · 1 upvotes · 0 comments --- Tags: [#spacex](https://daily.dev/tags/spacex), [#ai-infrastructure](https://daily.dev/tags/ai-infrastructure) [View this post on daily.dev](https://daily.dev/posts/elon-musk-said-spacex-will-hit-1trn-in-revenue-by-2030-its-first-earnings-sent-the-stock-down-11--hatzhmlrf) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Elon Musk said SpaceX will hit $1trn in revenue by 2030. 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