SpaceX Aims for $100 Billion in Revenue by December: Deutsche Bank Outlines Potential Building Blocks

Space Exploration Technologies Corp. (SPCX) has set an ambitious revenue target of $100 billion annually, more than tripling its current run rate. According to a Financial Times report, Deutsche Bank believes this goal could be achievable through existing deals and new contracts. The neocloud business generated $1.6 billion in Q2, with a single contract from Anthropic expected to reach $3.75 billion quarterly revenue by Q3. A deal with Google worth up to $920 million monthly starts ramping next month, while SpaceX has also signed a new $6.7 billion six-month deal suspected to be with the U.S. government. Deutsche Bank expects at least one more large compute deal before year-end and estimates that these deals alone could generate $45-$50 billion annually. The pending acquisition of AI coding startup Cursor, expected to close in Q3, could add another $2-$4 billion to the revenue. However, reaching this target requires significant capital spending, with Deutsche Bank estimating incremental build costs of $120-$320 billion.