Despite trading around $108 per share after its June 12 IPO, analysts project SpaceX's revenue to rise more than sevenfold to $141.6 billion by 2028 and expect the company to turn profitable in 2027, reaching $47.1 billion in net income by 2028. This optimism is largely based on the belief that SpaceX, founded by Elon Musk, will expand its AI segment (which includes xAI, X, and Cursor) to become a cohesive end-to-end provider of space transportation, internet satellite, and AI infrastructure services.