Thai market view: Goldman sees SpaceX AI revenue topping 100x by 2030

## Goldman forecast: SpaceX AI revenue could rise about 100x by 2030 According to the Financial Times, Goldman Sachs told a potential investor that SpaceX's artificial intelligence (AI) unit revenue is expected to surge from $3.2 billion in 2025 to $322 billion in 2030, up about 100x. ## Timeline: AI operating revenue keeps rising in 2026-27 Goldman expects SpaceX's AI unit operating revenue to reach $15.6 billion in 2026, up 3.9% year on year, and $34.5 billion in 2027. ## Total revenue growth: could reach $474 billion in 2030 Goldman also estimates that SpaceX's total revenue will rise from $18.7 billion last year to $474 billion in 2030. ## Evercore ISI view: AI sales could hit $755 billion in 2031 Evercore ISI analysts also expect SpaceX's AI unit sales to reach $755 billion by 2031; last year that figure was only $3.2 billion, implying a 234x increase. The outlook for sharp AI revenue growth could help support SpaceX's target valuation of as much as $1.8 trillion. ## Free cash flow path: turns positive in 2031 after a 2029 trough Goldman's team also expects SpaceX free cash flow to bottom at negative $105 billion in 2029 before turning positive in 2031 and exceeding $72 billion.