SpaceX stock has gained about 26% since late July after recovering from a dip below its IPO price, while Elon Musk projected approximately $3.5 trillion in annual revenue by 2033. The company reported second-quarter revenue of $7.81 billion, up 92% year over year, implying an annualized pace of about $31 billion. Connectivity services contributed $4.29 billion, followed by artificial intelligence at $2.56 billion and traditional space operations at $962 million. Reaching Musk’s target would require roughly 96% compounded annual growth for seven consecutive years. SpaceX also spent $18.37 billion on capital projects and unveiled Starbase Louisiana, a planned $100 billion launch complex scheduled to begin construction in 2027, with its first Starship flight planned for 2029.