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

By EC Assets · Published 5 June 2026

Morgan Stanley analysts project SpaceX's revenue could reach $3.4 trillion by 2040. This projection also forecasts an adjusted EBITDA of over $2.7 trillion for the same period. These figures were shared by bankers with top investors. The projections support SpaceX's unlisted $1.77 trillion valuation. These financial outlooks suggest how banks are presenting the rocket maker's valuation to investors. Morgan Stanley’s detailed forecasts were reportedly shared with major investors on Thursday. SpaceX is expected to hire Bank of America, Goldman Sachs, JPMorgan, and Morgan Stanley to lead its initial public offering in 2026. The company has informed banks that it will not alter its $135-a-share IPO price. This article is intended for informational purposes only. It does not constitute investment advice.