{"id":74279,"date":"2026-11-06T15:08:20","date_gmt":"2026-11-06T19:08:20","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spacex-shares-surge-as-musk-projects-500-billion-revenue-run-rate-trump-shakes-up-white-house\/74279\/"},"modified":"2026-11-06T15:08:20","modified_gmt":"2026-11-06T19:08:20","slug":"spacex-shares-surge-as-musk-projects-500-billion-revenue-run-rate-trump-shakes-up-white-house","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spacex-shares-surge-as-musk-projects-500-billion-revenue-run-rate-trump-shakes-up-white-house\/74279\/","title":{"rendered":"SpaceX Shares Surge as Musk Projects $500 Billion Revenue Run Rate; Trump Shakes Up White House"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>) shares jumped more than 8%<\/strong> following Elon Musk\u2019s projection that the company\u2019s annualized revenue could exceed <strong>$500 billion by December 2027<\/strong>.<\/li>\n<li><strong>President Donald Trump named Stephen Miller as his new White House Chief of Staff<\/strong>, replacing Susie Wiles, who will transition to lead the Trump political operation.<\/li>\n<li><strong>Google (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>) announced a $17 billion investment<\/strong> in its first Wyoming data center campus, acquiring a strategic site from AI infrastructure firm Crusoe.<\/li>\n<li><strong>SpaceX\u2019s AI segment, &quot;Super Intelligence,&quot;<\/strong> has officially surpassed Starlink as the company&#39;s largest revenue driver, contributing <strong>$7.6 billion in Q3 2026<\/strong>.<\/li>\n<li><strong>Musk expects Q4 2026 revenue to climb approximately 70%<\/strong> sequentially, driven by massive demand for AI compute and a shrinking reliance on government contracts.<\/li>\n<\/ul>\n<h2>SpaceX Rallies on Massive Revenue Forecasts<\/h2>\n<p>SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>) shares extended gains to a session high of <strong>8.3%<\/strong> on Friday after CEO Elon Musk issued a series of bullish financial forecasts. Musk stated that the aerospace and AI giant is on track to reach a <strong>$100 billion annualized revenue run rate<\/strong> by December 2024, with expectations to scale that figure above <strong>$500 billion by late 2027<\/strong>.<\/p>\n<p>The rally follows a period of volatility for the stock, which recently went public in mid-2026. <em>Investors appear to be shifting focus toward the company&#39;s rapidly expanding AI infrastructure business<\/em>, which Musk claims could eventually reach a run rate of <strong>$1 trillion<\/strong>. Despite the ambitious targets, SpaceX reported a <strong>net profit of $4.4 billion<\/strong> for the third quarter, a significant turnaround fueled by its &quot;Super Intelligence&quot; division.<\/p>\n<h2>Trump Appoints Stephen Miller as Chief of Staff<\/h2>\n<p>In a major administrative shake-up following the 2026 midterm elections, President Donald Trump announced that <strong>Stephen Miller<\/strong> will become the new White House Chief of Staff. Miller, previously the Deputy Chief of Staff and a long-time architect of the administration&#39;s immigration policies, will officially assume the role on <strong>Monday, November 9, 2026<\/strong>.<\/p>\n<p>Outgoing Chief of Staff <strong>Susie Wiles<\/strong>, the first woman to hold the position, will move to the Trump Political Operation. <em>The transition comes as the administration recalibrates its strategy following Republican losses in Congress.<\/em> Trump praised Wiles for her &quot;outstanding job&quot; and indicated that Miller\u2019s appointment signals a continued hardline focus on domestic policy and border security.<\/p>\n<h2>Google Expands AI Footprint with $17B Wyoming Project<\/h2>\n<p>Google (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>) has finalized the acquisition of a data center site in southeast <strong>Wyoming<\/strong> from Crusoe, marking a pivotal step in its <strong>$17 billion<\/strong> infrastructure commitment to the state. The Cheyenne-based campus is designed to be a &quot;first-of-its-kind&quot; facility, utilizing <strong>702MW of fuel cell power<\/strong> combined with carbon capture and storage (CCS) technology to minimize environmental impact.<\/p>\n<p>The project is a collaboration with <strong>Tallgrass Energy<\/strong> and <strong>Black Hills Energy<\/strong>, aiming to provide the massive compute power required for next-generation AI models. <em>By utilizing air-cooling technology, Google intends to mitigate local water usage concerns<\/em>, a growing point of contention for large-scale data center developments in the Western United States.<\/p>\n<h2>Market Context: AI and Political Shifts<\/h2>\n<p>The convergence of SpaceX&#39;s growth and the new White House leadership highlights a period of intense focus on <strong>AI and national infrastructure<\/strong>. Musk noted that government contracts now account for <strong>less than 10%<\/strong> of SpaceX&#39;s quarterly revenue, as the company pivots toward becoming a global provider of AI compute.<\/p>\n<p>Meanwhile, the broader tech sector is monitoring the impact of the midterm results on regulatory outlooks. <em>While SpaceX and Google continue to deploy billions into domestic infrastructure, the shift in Congressional control may lead to increased scrutiny of data center energy consumption and AI safety standards.<\/em> SpaceX stock remains a focal point for institutional investors, with recent filings showing significant stake increases by firms such as <strong>Principle Wealth Partners<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways SpaceX (SPCX) shares jumped more than 8% following Elon Musk\u2019s projection that the company\u2019s annualized revenue could exceed 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