SpaceX shares surged 9% on Tuesday, as Elon Musk’s rocket-builder continued its meteoric rise following a record-breaking IPO on Friday.
Shares of the space tech and AI company popped in premarket trading, following a 20% jump in its first full day of trading after a blockbuster debut.
Musk, who serves as CEO of SpaceX, posted on X on Sunday that the company “might be able to reach approximately” $1 trillion revenue in 2030.
That would be a huge jump from the $18.7 billion in revenue it made in 2025. The company posted a $4.9 billion net loss in 2025 and it lost $4.28 billion in the first quarter of this year.
Founded in 2002, SpaceX has become dominant in satellites, through its Starlink service, and reusable rockets.
In February, Musk merged the company with his AI startup xAI, after combining the latter with his social media platform X in 2025.
SpaceX shares over the past day.
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