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Exclusive | Morgan Stanley Sees SpaceX’s Revenue Reaching $3.4 Trillion in 2040

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To support the $1.77 trillion valuation Elon Musk’s SpaceX is targeting in its initial public offering, bankers are telling investors to look to the future.

SpaceX’s revenue could reach $3.4 trillion in 2040, according to a Morgan Stanley MS -2.90%decrease; red down pointing triangle analysis shared with top investors Thursday, according to people familiar with the matter. 

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