Elon Musk Predicts SpaceX Will Generate $3.5 Trillion in Revenue by 2033. History Suggests He Will Be Wrong Yet Again.
Elon Musk recently said he thinks SpaceX could be booking multitrillion-dollar annual revenues by the next decade.
Overview
Elon Musk has a history of stretching the horizon until it looks close enough to grab. In late August, he offered his "best guess" that Space Exploration Technologies (NASDAQ: SPCX) could generate roughly $3.5 trillion in revenue by 2033.
That prediction was posted casually on social media, not offered as formal company guidance. However, as is frequently the case when Musk communicates, his words still landed with force. This forecast invites some simple questions:
Details
Let's dig into SpaceX's current state and explore Musk's history using timelines. Spoiler alert: History suggests he's nowhere near correct with this prediction.
Source
Originally published at www.fool.com.