SpaceX CFO’s Confidence in Its $100 Billion Goal Grows. Investors Need to Pay Attention Before September 21.

SpaceX (SPCX) just gave investors a new reason to believe in its growth story. Speaking at a Goldman Sachs conference, CFO Bret Johnsen said he has gained even more conviction that the company can hit a $100 billion annual revenue run rate. The driver is a new deal to supply AI computing power to an unnamed customer. It’s worth $1.11 billion a month starting in December, or roughly $13 billion a year. That deal also supports a bigger shift. After absorbing xAI, Musk’s AI startup, in February, SpaceX now runs AI computing as a third business alongside Starlink and rockets. Its AI compute deals with Google (GOOGL) and Anthropic already bring in over $2 billion a month. On top of that, a $6.7 billion cloud-services agreement starts ramping in October. Johnsen even said this AI infrastructure can pay itself in under a year, thanks to contracts already locked in.

A Lift On September 21