SpaceX (SPCX) shares were in focus on Friday after CEO Elon Musk offered an extraordinarily bullish long-term revenue forecast for the newly public ****** e infrastructure and artificial intelligence (AI) company. The billionaire now believes ****** eX could generate about $3.5 trillion in annual revenue by 2033, seven years earlier than Morgan Stanley's comparable estimate.
SpaceX stock is currently down about 30% versus its year-to-date high.
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