SpaceX AI Boom Forces a Fresh Look at its Valuation

Barron’s reports SpaceX’s AI-driven growth has pushed 2027 forecasted sales to about $100 billion and EBITDA to $59 billion, with AI revenue now seen at roughly $60 billion for 2027 and potentially hundreds of billions by 2031. However, Prof. Aswath Damodaran cautions that SpaceX’s heavy reliance on renting computing capacity could undercut its AI story unless it monetizes AI applications of its own. The stock trades around 34x 2027 EBITDA, a lofty multiple that Barron’s notes isn’t a buy signal and hinges on AI revenue materializing as projected.