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Goldman Sachs expects SpaceX's AI revenue to surge 100-fold by 2030, FT reports
Goldman Sachs expects SpaceX's AI revenue to surge 100-fold by 2030, FT reports June 4 : Goldman Sachs expects revenue from SpaceX's AI division to surge to $322 billion by 2030, up from $3.2 billion in 2025, according to the Wall Street bank's forecasts shared with a potential investor, the Financial Times reported on Thursday. The investment bank estimates SpaceX's total revenue to reach $474 billion in 2030 from $18.7 billion last year, the report added. Goldman's forecasts show that the...
Broadcom tumbles as revenue miss clouds AI boom bets
Broadcom tumbles as revenue miss clouds AI boom bets June 4 : Broadcom shares sank about 12 per cent in premarket trading on Thursday, a day after the company missed quarterly revenue views and disappointed investors' lofty expectations of stronger momentum from the AI boom. The chipmaker could lose more than $285 billion in market cap at the current price of $418.83, if losses hold. Broadcom vies with Nvidia, whose graphics processors remain the gold standard for AI workloads, underscoring...
STMicroelectronics raises data centre revenue target on AI demand
STMicroelectronics raises data centre revenue target on AI demand June 2 : STMicroelectronics raised the revenue target for its data centre business on Tuesday, citing continued strong demand tied to AI infrastructure and progress in expanding capacity. The Franco-Italian chipmaker now expects data centre revenue of about $1 billion in 2026, compared with its previous forecast for revenue "nicely above" $500 million. "Assuming the current dynamic continues and with the current engagements we...
Oracle beats fourth-quarter revenue estimates amid AI spending worries
Oracle beats fourth-quarter revenue estimates amid AI spending worries June 10 : Oracle reported fourth-quarter revenue that narrowly beat Wall Street expectations on Wednesday, amid growing concerns about its spending and AI-driven disruption to traditional software demand. Shares of the company fell 2 per cent in extended trading, after it said it expects to raise nearly $40 billion through a combination of debt and equity financing in fiscal 2027. The company reported total revenue of...
Wall Street Sees SpaceX’s AI Revenue 100 Times Higher by 2030
SpaceX facilities in Hawthorne, California, US, on Monday, April 13, 2026. SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk's rocket, satellite and AI company closer to delivering the biggest-ever listing.
Wall Street Sees SpaceX’s AI Revenue 100 Times Higher by 2030
SpaceX facilities in Hawthorne, California, US, on Monday, April 13, 2026. SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk's rocket, satellite and AI company closer to delivering the biggest-ever listing.
Goldman Sachs expects SpaceX’s AI revenue to surge 100 times by 2030
Projections by the Wall Street bank underpin the $1.78tn valuation group is pitching in IPO
STMicro lifts data centre revenue goals on AI demand, shares hit 25-year high
STMicro lifts data centre revenue goals on AI demand, shares hit 25-year high June 2 : STMicroelectronics raised the 2026 and 2027 revenue targets for its data centre business on Tuesday, citing continued strong demand tied to AI infrastructure and progress in expanding capacity. The Franco-Italian chipmaker's shares rose as much as 10 per cent to €65.21 per share, their highest since September 2000. They were up 8.4 per cent as of 0738 GMT, among top gainers on Europe's benchmark STOXX 600...