- SpaceX shares rose more than 5.6% before the bell on Monday, set to extend gains after a blockbuster debut last week that pushed its valuation past $2 trillion and into the ranks of Wall Street's most valuable companies.
- SpaceX gained 6% in premarket trading on Monday following its record-breaking debut last week on the Nasdaq, which marked the biggest initial public offering in history.
- Shares jumped 19% in their Nasdaq debut on Friday, making SpaceX the sixth-largest U.S. company by market value and Elon Musk the world's first trillionaire.
- Retail investors received about 20% of the IPO allocation, purchasing $117.6 million worth of SpaceX shares on Friday alone, making it the most purchased stock in the session.
- SpaceX's market capitalization is above $2 trillion following its IPO, reflecting its significant valuation increase.
- CEO Elon Musk stated that the rockets-to-AI company could achieve $1 trillion in revenue by 2030.
- SpaceX reported $18.7 billion in revenue in 2025, showcasing its financial growth.
- CFRA initiated coverage of the stock with a 'sell' rating and a 12-month price target of $115, indicating a nearly 29% drop from Friday's closing price.
- Morningstar analyst Nicolas Owens valued SpaceX at $63 per share, describing the stock as overvalued.
- New Street Research initiated coverage of SpaceX with a price target of $165.
SpaceX's stock continued its upward trajectory, gaining 6% in premarket trading after a historic IPO that saw shares soar 19% on their Nasdaq debut, closing at $161 after being priced at $135 per share. This remarkable performance pushed the company's valuation past $2 trillion, making it one of the most valuable companies in the world.
CEO Elon Musk projected that SpaceX could achieve $1 trillion in revenue by 2030, further fueling investor enthusiasm. Retail investors were particularly active, purchasing $117.6 million worth of shares on the IPO day, making it the most bought stock of the session, according to Vanda Research.4
The stock's rally is expected to continue as SpaceX is set for fast-track inclusion in the Nasdaq 100, which will likely increase demand from passive funds and ETFs. Other index providers, including FTSE Russell and MSCI, are also adding SpaceX to their indexes, effective June 26 and June 29, respectively.
Despite the excitement, analysts have mixed views on the stock's future. CFRA initiated coverage with a “sell” rating and a 12-month price target of $115, citing the company's ambitious growth strategy and high capital intensity. Morningstar's analysis valued the stock at $63 per share, indicating it may be overvalued. In contrast, New Street Research set a price target of $165 for the stock.810
“SpaceX's shares rose 6% in premarket trading after a record-breaking IPO that made it the sixth-largest U.S. company by market value. The stock's strong performance follows a 19% jump during its Nasdaq debut, pushing its valuation past $2 trillion.”
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