Goldman Sachs Just Made a Bold Statement About SpaceX. Here's Why I'm Not Buying It
Written by Stefon Walters for The Motley Fool -> SpaceX is aiming for the largest initial public offering (IPO) in history. Goldman Sachs expects SpaceX's AI division to generate over $320 billion in revenue by 2030. Goldman Sachs has an incentive to make lofty projections for
SpaceX is aiming for the largest initial public offering (IPO) in history.
Goldman Sachs expects SpaceX's AI division to generate over $320 billion in revenue by 2030.
Goldman Sachs has an incentive to make lofty projections for SpaceX because of the valuation it's fetching.
Banking giant Goldman Sachs (NYSE: GS) is the lead underwriter for the historic SpaceX initial public offering (IPO) happening on June 12, so its main job is to market it and pitch it to institutions.
And while many may be focusing on SpaceX's space exploration and Starlink businesses, Goldman Sachs thinks SpaceX's AI segment -- which it acquired through the merger with Elon Musk 's other company, xAI -- could grow 100-fold by 2030.
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SpaceX's AI division made $3.2 billion in 2025. To meet Goldman Sachs' prediction, the division would need to grow to $322 billion by 2030. This would be an average annual growth rate of 151%, which is a tough ask, to say the least. For perspective, that's a little more than Microsoft 's total revenue in its past four quarters combined.
With the projected growth of SpaceX's AI division, Goldman Sachs says SpaceX's total revenue could reach $474 billion by 2030, up from $18.7 billion last year.
