Key facts
- Elon Musk projected SpaceX will achieve $1 trillion in revenue by 2030.
- Musk suggested SpaceX could reach $1 trillion in revenue as early as 2029.
- The projections were made during SpaceX's first earnings call.
- Musk highlighted advancements in AI.
- He compared current AI models to museum pieces from two years ago.
- Musk predicted broad AI capabilities by the end of next year.
Elon Musk announced during SpaceX's first-ever earnings call that the company is projected to achieve $1 trillion in revenue by the year 2030. He further suggested that this financial milestone could potentially be reached even earlier, as soon as 2029. Musk also took the opportunity to discuss advancements in artificial intelligence, drawing a stark comparison between current AI models and those from just two years prior, which he characterized as akin to museum pieces. Looking ahead, Musk predicted that AI will possess broad capabilities by the end of the upcoming year, indicating a rapid pace of development in the field. These projections underscore Musk's ambitious outlook for both SpaceX's financial future and the transformative potential of AI.