SpaceX (NASDAQ: SPCX) has quickly established itself as one of the most exciting stocks in the market. Given the company’s growth, I think the stock could generate around $2 trillion in revenue by 2030 and end 2029 with a stock price of $570.
Here’s how it would get there.
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Looking to disrupt markets
SpaceX is focused on the future, and it is pursuing some promising new markets, including orbital data centers, asteroid mining, and Earth-to-Earth cargo transport using suborbital rockets. The road to success in these areas will come down to the company being able to reliably recapture and reuse both stages of its Starship rockets after each launch. If it can pull off this feat, that will set the stage for it to pursue these loftier goals and accelerate its launch cadence.
The company’s goal is for the Starship rocket — a much larger platform than its current Falcon rockets — to begin flying weekly in the first half of next year, and potentially twice a week starting in the second half of the year. If SpaceX can quickly recover, refurbish, and fully reuse its Starship rockets, it will be able to greatly increase the mass of the payloads it can carry and its number of revenue-generating launches, drastically altering space economics and leading to strong revenue growth in the coming years.
SpaceX is also eyeing disruption of some current industries, like the U.S. mobile phone market. The Starlink satellite broadband business will continue to be a nice revenue driver in the coming years as SpaceX continues to add new commercial, enterprise, and government customers. However, building out a full terrestrial cellphone network would likely take four to six years, so this is more of a medium-term opportunity.
Another growth driver will be AI coding, thanks to SpaceX’s recent acquisition of Cursor. Cursor is essentially a workflow interface that can use both its own and third-party AI models to help users write, edit, debug, and review code. Morgan Stanley projects that as a part of SpaceX, Cursor’s annual recurring revenue (ARR) will climb from $8 billion at the end of 2026 to roughly $33 billion by the end of 2030.
A $2 trillion opportunity
SpaceX’s biggest growth opportunity, however, is likely to come from artificial intelligence (AI) infrastructure. The company is poised to become the largest neocloud on the planet, and has set some extremely aggressive goals for itself.
