Musk Puts SpaceX’s 2027 ARR at $500 Billion to $1 Trillion

Elon Musk said SpaceX expects annual recurring revenue (ARR) of $500 billion to $1 trillion by the end of 2027, placing a major revenue milestone at the center of the company’s outlook.

Musk made the projection during SpaceX’s third-quarter earnings call. He also said he was highly confident the company would bring 10 gigawatts of computing capacity online in 2027. Capacity above 20 gigawatts remained possible, he said, though the chance was not zero.

SpaceX plans to begin a broad GrokBot deployment to enterprise customers within weeks. The company’s 15th Starship test flight is planned for next month and is expected to include its first attempt to recover the booster and spacecraft during the same flight.

SpaceX posted third-quarter revenue of $14.575 billion, up 161.39% from a year earlier. That figure provides a recent revenue benchmark, while Musk’s 2027 estimate is an annual recurring revenue target. The call also covered computing capacity, an enterprise product rollout and a planned Starship flight.