SpaceX needs to grow 600x in a decade to justify a $1.75 trillion valuation. No company has ever come close

SpaceX’s IPO, expected mid‑June, would be the biggest ever at about $1.75 trillion — a sign investors are betting big on AI and Musk’s vision.
Analysts say SpaceX would need roughly $1.1 trillion in annual revenue by 2035 — about a 600x jump from today, roughly 50% annual growth for a decade, a pace no company has achieved.
Hitting that scale would make SpaceX a huge share of the U.S. economy (~2.4% of GDP), but fierce AI competition makes such dominance far from certain.