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On November 7, Musk said in an interview that he still expects SpaceX's annualized revenue to exceed $500 billion by the end of 2027—a forecast he considers the most reasonable. While hitting $1 trillion is not entirely out of the question, he puts the odds at only about 2%. He expects annualized revenue to surpass $100 billion in the fourth quarter of 2026, representing roughly 70% quarter-over-quarter growth, and stressed that these figures reflect his personal expectations rather than commitments. Musk also noted that U.S. government revenue will account for less than 10% of SpaceX's total this quarter and will fall below 5% within a year, adding that government contracts offer the highest-quality products at the lowest prices. Following the announcement, SpaceX's stock price jumped more than 8% at one point.
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