Elon Musk has predicted that SpaceX could generate approximately $1 trillion in annual revenue by 2030, a forecast that would place the newly public company among the largest businesses in history just days after its blockbuster stock market debut. The projection arrives as Wall Street analysts and institutional investors race to price in the company's long-term potential across launch services, broadband internet, and AI infrastructure. Investor Brivael Le Pogam argued the company could eventually be worth between $30 trillion and $50 trillion within five years, a thesis Musk called "interesting."

Blockbuster IPO and Market Debut

SpaceX went public on Friday, pricing its IPO at $135 per share before opening 11% higher at $150. Shares surged to an intraday high of $176.52 and finished the debut session at $160.95, a gain of nearly 19%, lifting the company's valuation above $2 trillion. The following table summarizes key IPO metrics from the debut:

Revenue Outlook and Analyst Projections

SpaceX posted revenue of $18.70 billion alongside a $4.90 billion loss in 2025. Despite the loss, bulls point to massive growth opportunities. Goldman Sachs has predicted the company's revenue could increase by as much as 100 times by 2030. New Street Research projected SpaceX could generate roughly $195 billion in revenue by 2030, while ARK Invest's Brett Winton suggested revenue could eventually reach between $300 billion and $400 billion.

Growth Drivers and Key Risks

Le Pogam argued that analysts focusing on launch services and Starlink are missing the larger opportunity created by Starship's potential to dramatically reduce the cost of reaching orbit. He highlighted opportunities ranging from orbital data centers powered by continuous solar energy to microgravity manufacturing. "It's like valuing the internet in 1995 based on the fax market," he said on X. Musk responded to the post with a brief "Interesting analysis."

Investor Confidence

The excitement surrounding the IPO reflects investors' willingness to look well beyond current financials and bet on Musk's long-term vision for the space economy. Le Pogam argued that SpaceX's greatest advantage is ownership of the infrastructure required to access these new markets. "SpaceX owns the entry toll to all these markets," he wrote. "Buy optimism. It's still undervalued," Le Pogam added.

Defiance ETFs launched the Defiance Daily Target 2X Long SpaceX ETF (Cboe: SPCU), providing active traders with 200% daily leveraged exposure to SpaceX Class A common stock. SPCU began trading on June 15, 2026, at 4am ET, utilizing swap agreements and listed options contracts to achieve its objective without requiring a margin account. This launch follows SpaceX's initial public offering on June 12, where shares priced at $135, valuing the company at approximately $1.77 trillion in the largest U.S. IPO by debut market value.

SPCU joins the existing Defiance Daily 2X Space ETF (Cboe: SPCL), which established 2X daily leveraged exposure to SpaceX on the IPO date. While SPCL holds other investments in line with its strategy, SPCU is purpose-built for traders seeking high-conviction, tactical views on SpaceX through a single ticker. Both funds are non-diversified and carry significant risks, including the potential for losses exceeding the principal investment over periods longer than a single day.

Key Details of SPCU and SpaceX IPO

Risks and Considerations

The funds are designed strictly for short-term use and are not suitable for all investors. Due to daily reset and compounding risks, performance over periods longer than a day will likely differ from the stated 2X target. Investors face the risk of losing their entire principal within a single trading day if the underlying asset's value decreases significantly. The funds magnify both gains and losses and require active monitoring.

Defiance ETFs LLC is the ETF sponsor, and Tidal Investments LLC serves as the investment adviser. The funds are distributed by Foreside Fund Services, LLC. Full fund details are available at defianceetfs.com.