SpaceX shares surged 11% 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.”
Founded in 2002, SpaceX has become dominant in satellite, 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.
Stock Chart IconStock chart iconSpaceX shares over the past day.
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