SpaceX $731B by 2028 — Sequoia/Starek's 14× Revenue Scenario: 21GW Compute, 250 Starship Launches
Published · Updated · By Investus editorial desk (SUNRYU Partners)
Sequoia analyst Starek's SpaceX revenue model: FY2026 $51.5B → FY2027 $273.8B → FY2028 $731.1B — a 14× jump in two years. Key 2028 assumptions: 21GW compute online, $40B revenue/GW/year, $369B capex, 250 Starship launches. This is an investor projection, not company guidance. Starek previously modeled Starlink at $28.8B in 2020, which proved accurate.
A full English translation of this report is in progress. The analysis below reflects the original Korean research. Read the Korean original →
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