Morgan Stanley Projects SpaceX Revenue to Hit $3.4 Trillion by 2040

By EC Assets · Published 5 June 2026

Morgan Stanley analysts project SpaceX could reach $3.4 trillion in revenue by 2040. The firm also estimates the company's adjusted EBITDA could exceed $2.7 trillion in the same year. These projections are reportedly shared by bankers with top investors to support SpaceX's valuation. The $3.4 trillion revenue figure and $2.7 trillion adjusted EBITDA projection by 2040 support a $1.77 trillion IPO valuation for SpaceX. Banks are presenting these figures to investors as they sell the rocket maker's valuation. Morgan Stanley analysts shared these revenue and EBITDA forecasts, . SpaceX is expected to hire Bank of America, Goldman Sachs, JPMorgan, and Morgan Stanley to lead its initial public offering in 2026. The company is set to conduct its IPO in 2026. SpaceX has reportedly informed banks that it will not change its $135-a-share IPO price. This article is intended for informational purposes only. It does not constitute investment advice.