Article Summary: Goldman Sachs and Evercore ISI forecast SpaceX AI business revenue will grow significantly, reaching $322 billion by 2030; free cash flow expected to turn positive in 2031. Used to analyze high-dividend asset valuation support.
## Goldman Sachs Forecast: SpaceX AI Revenue Could Expand ~100 Times by 2030
According to the Financial Times, forecasts disclosed by Goldman Sachs to potential investors show SpaceX's artificial intelligence (AI) division revenue is expected to surge from $3.2 billion in 2025 to $322 billion by 2030, an increase of about 100 times.
## 2026-2027 Pace: Operating Revenue Increases Year by Year
Sources say Goldman Sachs forecasts SpaceX AI division operating revenue:
- 2026: $15.6 billion, up 3.9% year-over-year
- 2027: $34.5 billion
## Total Revenue Also Revised Up: Could Reach $474 Billion by 2030
Goldman Sachs also estimates SpaceX total revenue will grow from $18.7 billion last year to $474 billion by 2030.
## Evercore ISI View: AI Sales Could Reach $755 Billion by 2031
Additionally, Evercore ISI analysts expect SpaceX AI division sales to reach $755 billion by 2031.
- Last year the figure was $3.2 billion
- Increase of about 234 times
The large increase in AI division revenue expectations could provide reasonable support for SpaceX's target valuation of up to $1.8 trillion.
## Cash Flow Path: Free Cash Flow Expected to Turn Positive in 2031 and Exceed $72 Billion
The Goldman Sachs team also expects SpaceX free cash flow to hit a trough of negative $105 billion in 2029, then turn positive and exceed $72 billion by 2031. 