PANews reported on June 5th, citing the Wall Street Journal, that an analysis shared by Morgan Stanley with major investors on Thursday suggests SpaceX's revenue could reach $3.4 trillion by 2040, with adjusted EBITDA exceeding $2.7 trillion. SpaceX reported revenue of $18.7 billion and a loss of $4.9 billion in 2025. Analysts at Goldman Sachs and Morgan Stanley both predict SpaceX's revenue will approach $160 billion by 2028. Goldman Sachs projects revenue will exceed $470 billion by 2030, while Morgan Stanley's forecast is closer to $330 billion. Both banks expect SpaceX's artificial intelligence business to contribute the majority of revenue and experience significant growth after this year to achieve these revenue levels. Goldman Sachs projects this business unit will contribute approximately $322 billion in revenue by 2030, while Morgan Stanley's forecast is approximately $190 billion. SpaceX reports that its artificial intelligence division will generate $3.2 billion in revenue in 2025. Goldman Sachs and Morgan Stanley also project that SpaceX's adjusted EBITDA will reach approximately $110 billion in 2028, and $352 billion and $230 billion in 2030, respectively.