Peter Diamandis, an early investor in SpaceX and longtime associate of Elon Musk, forecasts that Musk's integrated tech empire spanning AI, satellites, robotics, and solar energy could hit $1 trillion in revenue by 2028 or 2029. This ambitious prediction follows SpaceX's recent strong quarterly revenue of $14.6 billion and highlights the potential synergy between Musk's companies, including Tesla and Starlink. While current combined revenues of SpaceX and Tesla are around $170 billion annually, Diamandis envisions massive growth driven by advances in AI compute power, satellite connectivity, and robotics. However, achieving this scale depends on continued technological success, regulatory environment, and significant capital investment.
As of Oct 23, 2026 01:31 WIB, SpaceX (SPCX) trades at USD 145.09 with a market cap of $2.16 trillion on Pluang, down 8.91% in one day. Tesla (TSLA) shares are priced at USD 376.36, holding a market cap of $1.53 trillion, and have fallen 2.62% in the same period. Investor activity on Pluang shows a slight majority buying SpaceX at 52%, while Tesla sees 84% of orders as sell, reflecting mixed sentiment amid the ambitious revenue forecasts.
SpaceX beat third-quarter expectations, prompting Bank of America to raise its price target to $275 and bring forward revenue forecasts to as early as 2027. The company aims to reach $100 billion in annual revenue by the end of 2026 and forecasts $33...
SpaceX announced an $8 billion deal for nationwide 800 MHz spectrum, intensifying competition for Verizon ahead of its Q3 earnings report on October 26. Verizon has shown steady growth with improved revenue and reduced churn, but SpaceX's entry with ...
Altimeter Capital's Brad Gerstner highlights SpaceX's massive $400 billion investment to build 10 GW of computing power next year, aiming to dominate the emerging superintelligence era. This scale could represent 25% of new U.S. compute capacity, fue...
Elon Musk suggested the possibility of starting a competitor to Amazon after reports that Amazon was blocking AI bots from placing orders. SpaceX, now public, posted strong revenue growth, particularly in AI, and holds substantial cash reserves, posi...
Taiwan Semiconductor (TSMC) is in talks with SpaceX about the Terafab chip plant but insists on operating the facility itself, conflicting with Elon Musk's plan for SpaceX to run it. TSMC's CEO C.C. Wei emphasized that the Texas plant must be managed...
