During Space Exploration Technologies' (NASDAQ: SPCX) third-quarter earnings call, Elon Musk laid out an ambitious plan to reach a $1 trillion annualized revenue run rate by December 2027. That might sound like fantasy, considering SpaceX generated less than $19 billion in total revenue last year. But as the company evolves from a rocket manufacturer and satellite internet provider into one of the world's fastest-growing artificial intelligence (AI) infrastructure businesses, there's a compelling case for taking Musk's prediction seriously. Let's dive into what SpaceX needs to do to reach Musk's trillion-dollar revenue target and assess if now is a good time to buy the stock.
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