What happened
Elon Musk, CEO of Tesla and SpaceX, has once again made a striking forecast about his space company's financial future, projecting that revenue could reach $3.5 trillion by 2033.
According to the report, Musk described the figure as his 'best estimate,' though the full context of his remarks was not detailed in the available summary.
Why it matters
A $3.5 trillion revenue target would place SpaceX far beyond the current scale of virtually any company, implying an unprecedented level of growth and market dominance in space-related industries.
The prediction signals Musk's continued confidence in SpaceX's long-term trajectory, potentially influencing investor expectations and industry discussions about the commercialization of space.
Key facts
Musk predicts SpaceX revenue of $3.5 trillion by 2033.
Musk is CEO of both Tesla and SpaceX.
The prediction was described as Musk's 'best estimate.'
What to watch next
Observers will likely look for further details from Musk or SpaceX about how such revenue levels might be achieved, and whether any concrete milestones or business plans support the forecast.