Musk: Q4 revenue is expected to grow 70% quarter-on-quarter, with annualized revenue potentially exceeding $500 billion by end-2027

Odaily Planet Daily News: At the Barron's Annual Investment Conference, SpaceX CEO Elon Musk stated that the company's fourth-quarter revenue is expected to grow by approximately 70% compared to the third quarter, and reiterated the goal of reaching $100 billion in annualized revenue by December this year, with projections to exceed $50 billion by the end of 2027. Musk said the share of revenue from U.S. government agencies is expected to drop below 10% this quarter, down from 16.6% in the previous quarter. According to a prior report by Bloomberg, AI company Anthropic has become SpaceX's largest single customer, contributing more than one-third of its third-quarter revenue. Additionally, SpaceX has signed computing power leasing contracts with tech companies such as Google.