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Musk Targets $1T SpaceX Recurring Revenue Next Year
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- Elon Musk said SpaceX could reach $1 trillion recurring revenue by next year.
- He gave a revenue range of $500 billion to $1 trillion.
- CFO Bret Johnsen reportedly laughed when hearing the $1 trillion forecast.
- SpaceX posted $14.6 billion revenue last quarter, implying an annual run rate of roughly $58 billion.
- Analysts warn that buying SpaceX stock on such optimistic forecasts carries significant risk.