Will SpaceX Be the First Company to Hit $1 Trillion in Revenue? Here's What the Math Says.
Elon Musk, as always, has an ambitious plan for his company.
Overview
Last year, Space Exploration Technologies (NASDAQ: SPCX) generated $18.7 billion in revenue. By 2030, founder and CEO Elon Musk believes that figure will hit $1 trillion. How? Well, it's complicated, but it mainly has to do with an extremely rapid build-out of artificial intelligence (AI) data centers, both on earth and in orbit.
No company has ever hit $1 trillion in revenue in a single calendar year. Musk believes SpaceX can achieve this feat five years from now. Will SpaceX be the first company ever to hit $1 trillion in revenue, and can it be the first to reach this goal?
Details
When you run the numbers, it is clear what the answer likely will be.
Source
Originally published at www.fool.com.
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