SpaceX Closes ~$40B Round as Sequoia Model Sees Revenue Hitting $731B by 2028
SPCX sits 30% above its 52-week low of $104.83.
Summary
SpaceX closed a roughly $40 billion funding round, pulling in global investors and cementing its role as a magnet for AI and infrastructure capital. The bigger number in the piece is a Sequoia partner's forecast: revenue of $51.5B in 2026, $273.8B in 2027 and $731.1B in 2028, built on Starlink, Direct-to-Cell, ground AI compute and heavy capex. That is a steep ramp off the $14.6B in Q3 revenue reported in the October 20 8-K, so treat it as a bull-case model, not guidance. The article also floats Tesla–SpaceX merger scenarios at 3:1, 4:1 and 5.5:1 exchange ratios, which would reshape ownership and Elon Musk's voting stake — speculative, but the kind of talk that moves a $1.8T company. Separately, COO Gwynne Shotwell donated over 2 million SPCX shares to fund Trump accounts for children, with distribution expected in December.
At the time of this announcement, SPCX was trading at $136.03 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.8T. The 52-week trading range was $104.83 to $225.64. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.