SGXREIT Focus: Goldman Sachs Predicts SpaceX AI Revenue Could Grow 100-Fold by 2030

## Core Forecast: Goldman Sachs Sees SpaceX AI Revenue at $322 Billion by 2030 According to the Financial Times, Goldman Sachs' projections shared with potential investors show that SpaceX's artificial intelligence (AI) division revenue is expected to surge from $3.2 billion in 2025 to $322 billion by 2030, an increase of about 100 times. ## Annual Path: $15.6 Billion in 2026, $34.5 Billion in 2027 Sources say Goldman Sachs expects SpaceX AI division operating revenue to reach $15.6 billion in 2026, up 3.9% year-over-year; and $34.5 billion in 2027. ## Total Revenue Revised Up: Could Reach $474 Billion by 2030 Goldman Sachs also estimates that SpaceX's total revenue will grow from $18.7 billion last year to $474 billion by 2030. ## Evercore ISI Supplement: AI Division Sales Could Reach $755 Billion by 2031 Additionally, Evercore ISI analysts expect SpaceX AI division sales to reach $755 billion by 2031; last year this figure was only $3.2 billion, a growth factor of 234. ## Valuation and Cash Flow: AI Growth Could Support Higher Valuation The article mentions that the significant growth in AI division revenue could provide reasonable support for SpaceX's target valuation of up to $1.8 trillion. ## Free Cash Flow Inflection Point: Turns Positive in 2031 and Exceeds $72 Billion The Goldman Sachs team also expects SpaceX's free cash flow to turn positive and exceed $72 billion by 2031, after hitting a trough of negative $105 billion in 2029.