Catenaa, Sunday, June 21, 2026- SpaceX and Nvidia, which operate in the area of AI and Trillion Dollar companies, both forecasted $ 1 trillion in revenue in the next four years.
These companies have also seen their stock prices soar, though Nvidia’s has happened over a longer period of time since it’s been publicly traded for decades, while SpaceX just completed its record IPO a week ago.
Nvidia stock has climbed more than 300% over the past three years as AI demand accelerated; SpaceX saw its stock soar 40% in its first three days of trading from the opening price.
In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia.
And now, these companies have yet another thing in common. Both Musk and Huang have announced forecasts for $1 trillion in revenue.
Nvidia is the leader in the AI chip space, selling the graphics processing units (GPUs) that power the most crucial AI tasks.
Nvidia has greatly expanded these GPUs into complete systems and offers many related products and services. All of this has generated mammoth earnings growth, with revenue soaring 65% in the latest full year to a record of more than $215 billion.
The company’s focus on innovation has helped it maintain market leadership and also has served to supercharge growth; each time it releases a new update, and this happens about once a year, customers flock to get in on it.
And this brings me to Jensen Huang’s forecast. Nvidia predicted earlier this year that revenue from the Blackwell platform, as well as the upcoming Vera Rubin system, through 2027 would total $1 trillion.
Considering the company’s performance so far, demand for its GPUs, and details regarding the Rubin rollout later this year, I wouldn’t be surprised to see Nvidia reach that goal.
SpaceX operates three business units: space, connectivity, and AI, and the strength of the space business should help in the growth of the other two.
SpaceX may use its own rockets to help the connectivity business, Starlink, and the AI business transport materials into space, for example. This could build an interesting platform over time.
But, for the moment, SpaceX’s ambitions require significant capital expenditures, specifically in the AI business. That unit’s capex totaled $12 billion last year. And the company’s total revenue of $18 billion looks small considering that level of capex and compared to the hundreds of billions in annual revenue generated by other trillion-dollar companies.
Right now, Starlink is driving SpaceX’s growth as it accounted for more than 60% of total revenue last year.
Meanwhile, in a recent post on X, Elon Musk said SpaceX may generate $1 trillion in revenue by 2030 and would be surprised if revenue didn’t surpass that level the following year.
SpaceX has seen growth in Starlink subscribers, has made important progress with reusable rockets in the space business, and has signed valuable compute capacity contracts with Anthropic and Alphabet in the AI business.
The two deals combined represent $26 billion in annual revenue for SpaceX. All of this is positive, but, as mentioned, SpaceX is involved in a phase of heavy investment, and it’s difficult to see the path to $1 trillion in a period of less than five years. And at the same time, the stock price has skyrocketed right out of the gate.
Meanwhile, Nvidia’s path to $1 trillion in revenue is much clearer, and the stock looks very reasonably priced at 23x forward earnings estimates. All of this makes Nvidia a much better buy right now.
