SpaceX remains in focus as Bernstein’s and other analysts see a path to roughly $600 billion in annual revenue by 2031, driven by orbital data centers and a proving model through multiple Starship launches.

UBS outlines a femtocell strategy that layers small radios into Starlink terminals to extend coverage into dense urban areas and interiors, relying on low-band spectrum (800/700/900 MHz) and high deployment density.

SpaceXAI expands its AI push with Grok Bot, a cloud-based automation tool designed to handle business tasks as part of the company’s broader AI portfolio.

Harned views Starlink’s consumer and enterprise broadband as the solid foundation for SpaceX’s AI narrative while noting current SpaceX weaknesses as a potential buying opportunity, and remains skeptical about direct-to-device wireless.

The report highlights UBS and other market participants, citing an InvestingPro Pro Research Report for deeper analysis.

Rocket Lab is positioned as a peer pursuing a comparable vertically integrated space stack and orbital data center opportunity, with CEO Peter Beck confirming the market and announcing new contracts with Space Force and Haste, boosting backlog and growth.

UBS models Starlink subscriber growth from today’s level to about 6 million by the end of 2027 and 20 million by 2031, while noting roughly 30% of Americans live in multi-dwelling units, which may limit femtocell reach.

SpaceX completed a $60 billion all-stock acquisition of Anysphere, Inc., integrating it as a subsidiary.

Rocket Lab reported Q2 FY2026 revenue of $234.07 million (up 62% YoY) with a GAAP loss per share of $0.08 and a record backlog of $2.36 billion; guidance points to Q3 revenue of $250–$265 million and over $1 billion in new Q3 contracts.

Deals for orbital data center computing are being priced at $30–$55 per watt, signaling attractive long-term economics beyond current surges.

Other analysts’ views are mixed: Phillip Securities downgraded to Sell; Mizuho and Morgan Stanley maintained favorable views with various price targets and AI platform potential.

Bernstein’s model suggests roughly $600 billion in 2031 revenue, contingent on about 3,500 Starship launches that year as a proof point for reusability.