According to the Financial Times, Goldman Sachs forecasts presented to potential investors show that SpaceX's artificial intelligence (AI) division revenue is expected to surge from $3.2 billion in 2025 to $322 billion in 2030, an increase of about 100 times.
Among them, Goldman Sachs expects SpaceX's AI division operating revenue to reach $15.6 billion in 2026, up 3.9% year-on-year; and $34.5 billion in 2027.
Goldman Sachs also estimates that SpaceX's total revenue will grow from $18.7 billion in the previous year to $474 billion in 2030.
In addition, Evercore ISI analysts expect SpaceX's AI division sales to reach $755 billion by 2031; the figure was only $3.2 billion last year, an increase of about 234 times. The significant growth in AI division revenue is expected to support SpaceX's target valuation (the article mentions up to $1.8 trillion).
In terms of cash flow, the Goldman Sachs team expects: SpaceX's free cash flow will first drop to a low of -$105 billion in 2029, then turn positive and exceed $72 billion by 2031.
