Elon Musk sets another astonishing target: SpaceX to hit $500 billion in annual revenue next year, with Starlink's computers launching into space simultaneously.

Local time Friday, the 33rd Baron Investment Conference held a roughly 70-minute virtual fireside chat, hosted by Ron Baron, founder of Baron Capital. Elon Musk joined remotely and delivered a series of high-profile predictions during the session: SpaceX’s annualized revenue is expected to exceed $100 billion in December this year, while its annualized recurring revenue is projected to top $500 billion in December next year. Terafab targets an annual chip production capacity of 1 terawatt, equivalent to 30 times the global AI chip output next year. The Starlink computer co-designed with NVIDIA is scheduled to enter orbit in the third quarter of 2027. Agent internet traffic has already surpassed human traffic, and could reach 1,000 times human traffic within five years.