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SpaceX stock drops 33% from peak; Elon Musk forecasts revenue to hit $1 trillion by 2030.

Market News
16 Aug 2026
Chris Neiger
View Source
Neutral
pluang ai news

SpaceX shares have fallen 33% from their highest point, reflecting market volatility or investor concerns. Despite this, Elon Musk projects a massive revenue increase for the company, expecting it to grow 53-fold and reach $1 trillion by 2030. This ambitious forecast highlights Musk's confidence in SpaceX's long-term growth and potential dominance in the space industry. Investors will be watching closely to see if SpaceX can meet these high expectations over the coming years.

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