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Elon Musk said SpaceX will hit $1trn in revenue by 2030. Its first earnings sent the stock down 11%

The Next Web

TechnologyThe Next Web·Aug 5, 2026·1 min read

Elon Musk said SpaceX will hit $1trn in revenue by 2030. Its first earnings sent the stock down 11%

SpaceX has reported its first earnings as a public company, and the biggest number was not the one about rockets. The company that launches most of the world’s payloads made more money selling AI compute and satellite internet than it did…

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