Goldman Sachs: Expects SpaceX's AI division revenue to grow by about 100 times from 2025 to 2030

According to the Financial Times, Goldman Sachs expects that one of the core assumptions for SpaceX's $1.78 trillion initial public offering valuation is that its AI division's revenue will grow approximately 100 times by 2030 compared to 2025, increasing from $3.2 billion to $322 billion; SpaceX's total revenue is expected to rise from $18.7 billion to $474 billion during the same period. The prospectus shows that xAI will incur a loss of $6.4 billion in 2025.

Goldman Sachs also predicts that the division's revenue will grow by 388% year-on-year to $15.6 billion in 2026, reaching $34.5 billion in 2027; Starlink and rocket business revenues are expected to be $144 billion and $8.3 billion, respectively, by 2030.