space x Shares rose 9% on Tuesday as Elon Musk’s rocket maker continued its meteoric rise following Friday’s record-breaking IPO.
Shares of the space technology and AI company soared in pre-market trading after rising 20% in the first full day of trading after the blockbuster debut.
SpaceX CEO Musk wrote on X on Sunday that the company “could reach” revenue of about $1 trillion in 2030.
This is a significant increase from 2025 sales of $18.7 billion. The company posted a net loss of $4.9 billion in 2025, and a $4.28 billion loss in the first quarter of this year.
Founded in 2002, SpaceX has dominated the satellite space through its Starlink service and reusable rockets.
Musk merged the company with his AI startup xAI in February, and integrated xAI with his social media platform X in 2025.
SpaceX stock price for the past day.
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