Musk Sees SpaceX Orbital Compute Additions Exceeding Ground Compute by End of 2028
Shaun Maguire projects SpaceX revenue of $731 billion in fiscal 2028, while ground-computing capacity is projected to reach 21 gigawatts by the end of that year.

SpaceX CEO Elon Musk expects monthly additions to the company’s orbital computing capacity to exceed ground computing by the end of 2028. The comparison concerns the pace of new orbital deployments; it does not establish when total orbital capacity would surpass the ground-based total.
Shaun Maguire, a Sequoia Capital partner, projects SpaceX revenue of $51.5 billion in fiscal 2026, $274 billion in fiscal 2027 and $731 billion in fiscal 2028. The forecast puts fiscal 2027 revenue at about $274 billion, roughly 5.3 times fiscal 2026’s $51.5 billion.
SpaceX’s ground-computing capacity is projected to rise from 1 gigawatt in early 2026 to 21 gigawatts by the end of 2028. That capacity estimate measures a different thing from Musk’s comparison of monthly additions.
On Oct. 20, Musk said SpaceX could bring roughly 10 gigawatts of new land-based AI computing online during 2027.