Elon Musk said on SpaceX's earnings call that its annual recurring revenue could reach $1 trillion by the end of next year, earlier than the 2030 target he gave previously. His full range, however, was $500 billion to $1 trillion, and CFO Bret Johnsen reportedly laughed at the outlook. The article argues the wide range signals considerable uncertainty, so investors should not take the forecast too seriously. SpaceX generated $14.6 billion in revenue last quarter, an annual run rate of around $58 billion, while its market cap is around $2 trillion, so the valuation rests heavily on future expectations and the stock could face a significant sell-off if targets are missed.
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