Goldman Sachs believes SpaceX's AI business will generate $322 billion in annual revenue by 2030, up from $3.2 billion in 2025 - a 100-fold increase in five years.
The projection, disclosed June 4, is part of Goldman's pitch to potential investors ahead of SpaceX's anticipated Nasdaq listing in mid-June. Goldman is serving as lead-left bookrunner for the IPO, which targets a $1.78 trillion valuation.
SpaceX's AI unit isn't a side project. It's positioned as the primary growth engine. Total company revenue is projected to rise from $18.7 billion last year to $474 billion by 2030. If the AI numbers hold, that division would account for about 68% of total revenue by the end of the decade.
The thesis rests on SpaceX's Starlink satellite network. Goldman argues this orbital infrastructure uniquely positions SpaceX to capture AI workloads that terrestrial cloud providers cannot serve, particularly for edge computing and global inference tasks.
SpaceX reportedly holds 18,712 Bitcoins, acquired at roughly $35,000 each. Cryptocurrency exchanges have launched USDC/USDT-settled perpetual contracts under the SPCX ticker for pre-IPO exposure.
Goldman has a financial incentive to paint an optimistic picture: as lead underwriter, it earns fees proportional to capital raised. SpaceX's Bitcoin holdings create a direct link between stock performance and BTC price action. If SpaceX debuts near its target valuation, its Bitcoin position becomes one of the most high-profile corporate crypto allocations in public markets.