On SpaceX's first earnings call, Elon Musk made several ambitious claims about the company's business and future prospects. Musk said that SpaceX's Starlink service will deliver a majority of the world's internet in less than 10 years, and that the company expects to reach a trillion dollars in revenue by 2030, a year earlier than previously projected. Musk also claimed that SpaceX will be flying Starship rockets once a day, or possibly more, by this time next year.
Elon Musk Makes Ambitious Claims on SpaceX's First Earnings Call
UKPulse Money DeskElon Musk made several ambitious claims on SpaceX's first earnings call, including delivering a majority of the world's internet in less than 10 years and reaching a trillion dollars in revenue by 2030.
- Elon Musk expects SpaceX's Starlink service to deliver a majority of the world's internet in less than 10 years.
- SpaceX expects to reach a trillion dollars in revenue by 2030, a year earlier than previously projected.
- Musk also claimed that SpaceX will be flying Starship rockets once a day, or possibly more, by this time next year.
Why this matters: The ambitious claims made by Musk may have significant implications for investors and the future of the company.
What this means for you: Investors should be aware of the ambitious claims made by Musk and the potential risks and rewards associated with investing in SpaceX.