Morgan Stanley has projected that SpaceX's revenue could soar to $3.4 trillion by 2040, with adjusted EBITDA potentially exceeding $2.7 trillion. This ambitious forecast was shared with major investors, highlighting the significant growth potential of SpaceX's artificial intelligence business, which is expected to drive the majority of this revenue. In the near term, both Morgan Stanley and Goldman Sachs anticipate SpaceX's revenue to reach approximately $160 billion by 2028. By 2030, Goldman Sachs predicts revenue will surpass $470 billion, while Morgan Stanley estimates it will be closer to $330 billion. The AI division is projected to contribute significantly, with Goldman Sachs forecasting $322 billion in revenue by 2030, compared to Morgan Stanley's $190 billion estimate. SpaceX's AI division is expected to generate $3.2 billion in revenue by 2025.