Elon Musk’s SpaceX is at the center of a new Wall Street discussion after Morgan Stanley published its latest forecast following the company’s $100 billion Starbase Louisiana expansion plan. 

Morgan Stanley sees SpaceX reaching $3.5 trillion in annual revenue by 2040, while Elon Musk expects the same figure to be reached by 2033.

Morgan Stanley Updates Its SpaceX Forecast

The discussion began on X after Morgan Stanley released a new research note on SpaceX’s planned Louisiana expansion. Morgan Stanley analyst Adam Jonas said the company remains “attractively valued” and kept an Overweight rating.

Morgan Stanley had previously valued SpaceX at about $330 billion by 2030 and projected its value could reach $3.4 trillion by 2040.