On the October 20, 2026 third-quarter earnings call, Elon Musk projected that SpaceX's annual recurring revenue could reach between $500 billion and $1 trillion by the end of 2027. CFO Bret Johnson said the company remains on track for $100 billion in ARR by year-end, following third-quarter revenue of $14.6 billion, up 161%. Musk linked the forecast to AI compute, which stood at 1.7 gigawatts at the end of Q3, and said he would be surprised if less than 13 GW were added by the end of next year, while acknowledging that not everything may go right. The superintelligence segment produced $7.6 billion in revenue and $5 billion in adjusted EBITDA. The formal guidance is Q1 2027 revenue of $33 billion to $37 billion.
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