SpaceX gains 11% in premarket trading as momentum builds
SpaceX Shares rose 11% on Tuesday as Elon Musk’s rocket maker continued its meteoric rise following Friday’s record-breaking initial public offering.
Shares of the space technology and artificial intelligence company soared in premarket trading, jumping 20 percent in its first day of trading following a blockbuster debut.
Musk, who serves as CEO of SpaceX, reported on X on Sunday that the company “could reach approximately ‘$1 trillion’ in revenue by 2030.”
Founded in 2002, SpaceX has become dominant in the satellite space thanks to its Starlink service and reusable rockets.
Musk merged the company with his artificial intelligence startup xAI in February, before merging the latter with social media platform X in 2025.
SpaceX’s post the other day.
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