Elon Musk's projected SpaceX revenue could make SpaceX and Tesla holders insanely rich. Musk predicts more than $2 trillion in SpaceX revenue by 2033; that could imply a combined value of $38 trillion for the two companies. x.com 

SpaceX looks set up for a big 2027 as its stock has handled earlier share unlocks well and the lockup schedule winds down. About 798 million shares become eligible for sale after the December 8 close; the June 2027 block is Musk's, and he is not selling. Other extended-investor tranches continue through 2027. x.com 

SpaceX's earnings are nothing phenomenal against its $2 trillion valuation. Its P/E is 2,000 and P/S is 170, with $4.4 billion in profits after losing that much in Q1 2026; another $2 trillion company makes $50-60 billion in net profit. x.com 

SpaceX's blowout earnings make its somewhat lofty valuation deserved. Elon Musk said it could exit 2027 at $500 billion to $1 trillion in annual recurring revenue, an ambitious forecast that looks achievable for SpaceX. x.com  x.com 

SpaceX's projected growth is challenging the earlier overvaluation case, though the reassessment is still in progress. A VJN.ai chart projects revenue 273.3% higher by Q4 2027, even as the company is valued at $2 trillion. x.com  x.com 

SpaceX faces near-term selling risk from an insider-share unlock despite a remarkably strong quarter. Tomorrow, 28% of its insider lockup pool, nearly 10% of all shares, becomes eligible for sale. Revenue reached $14.6 billion, up 161%, with $4.4 billion in net profit; $7.6 billion in AI revenue now exceeds Starlink and other connectivity revenue combined. x.com 

SpaceX will be a $10 trillion company, so a roughly $2 trillion entry is not particularly expensive given where it will be in the 2030s. Per @ZaStocks, it just launched Google's TPUs into space, validating space data centers, and flew three missions in under 13 hours while landing four boosters, both firsts. x.com  x.com 

SpaceX's stronger-than-expected Q3 and surging Space Intelligence business make its valuation look more defensible. Revenue was $14.6 billion versus about $12.9 billion expected, adjusted EBITDA rose 306% to $8.8 billion, and Space Intelligence grew 830% to $7.6 billion, becoming its largest segment. Even half of the $500 billion to $1 trillion ARR Elon Musk is talking about by end-2027 would make the earlier valuation objection wrong; sentiment is now bullish. x.com 

SpaceX's heavy spending and risk of further borrowing make its sharp stock rally hard to square with weakening debt and a huge lock-up expiration ahead. Bloomberg reports its bonds weakened and credit spreads widened despite earnings above estimates. Talk of a potential Tesla acquisition is also in the air. x.com 

SpaceX's Q3 growth and guidance make a small position worth considering despite its still-expensive valuation. Revenue reached $14.58B versus $12.54B expected, up 161% year over year, and Q1 2027 guidance is $33B-$37B. A small start around $144 is under consideration, with more aggressive buying reserved for below the $135 IPO price. x.com