SpaceX stock was on track to rise more than 5.6% before markets opened Monday morning, continuing a remarkable run following one of the biggest stock market debuts in Wall Street history.
On Sunday, CEO Elon Musk said the company — which operates in both the rocket and artificial intelligence sectors — could generate as much as $1 trillion in annual revenue by the year 2030. The company posted $18.7 billion in revenue during 2025.
When SpaceX made its Nasdaq debut last Friday, shares soared 19%, catapulting the company to the sixth-largest U.S. firm by market value. The milestone also made Elon Musk the world’s first trillionaire.
Everyday investors who received roughly 20% of the IPO’s share allocation purchased $117.6 million worth of SpaceX stock on Friday alone, according to data from Vanda Research. That made it the most-bought stock of the session and broke the previous record for an IPO set by Coinbase back in April 2021.
Despite the excitement, analysts and portfolio managers are cautioning investors to prepare for potential price swings, especially early in SpaceX’s time as a publicly traded company. The relatively small number of shares available to trade, combined with the company’s high valuation, could fuel volatility.
Additional momentum may be on the horizon. SpaceX is expected to be fast-tracked into the Nasdaq 100 index, which would make it a significant holding for passive investment funds and exchange-traded funds that follow the index — creating new demand for its shares.
Index providers FTSE Russell and MSCI have also announced plans to add SpaceX to their respective indexes, with those changes set to take effect on June 26 and June 29.
