According to a report by the Financial Times, Goldman Sachs predicts that one of the core assumptions that SpaceX relies on to achieve a valuation of $1.78 trillion for its IPO is that its AI division revenue will increase approximately 100 times by 2030 compared to 2025, from $3.2 billion in 2025 to $322 billion in 2030. SpaceX's total revenue is expected to increase from $18.7 billion last year to $474 billion by 2030. This IPO is expected to raise a maximum of 86 billion US dollars. According to SpaceX's prospectus, its AI division xAI will incur a loss of $6.4 billion in 2025, but the corresponding total potential market size is $26.5 trillion, which is higher than the potential market size of approximately $2 trillion for Starlink and the space business combined. Goldman Sachs also expects AI revenue to increase to $15.6 billion in 2026 and $34.5 billion in 2027; By comparison, Starlink and Rocket business will have revenues of $144 billion and $8.3 billion, respectively, in 2030.
