SpaceX gains 11% in premarket trading as momentum builds

Shares of SpaceX experienced a remarkable 11% increase during premarket trading on Tuesday, further solidifying the company's impressive trajectory following a record-setting IPO last Friday. The stock surged by 20% on its inaugural full day of trading, highlighting strong investor interest and confidence in the company’s future. Elon Musk, the CEO of SpaceX, took to X on Sunday to share ambitious projections, stating that the company could potentially achieve around $1 trillion in revenue by the year 2030. Founded in 2002, SpaceX has established itself as a leader in the space industry, particularly known for its satellite services through Starlink and advancements in reusable rocket technology. In a significant strategic move, Musk merged SpaceX with his artificial intelligence venture, xAI, earlier this year, after integrating the startup with his social media platform, X, in 2025. This combination is expected to enhance the company’s capabilities and further drive its growth in the tech and space sectors. Stay tuned for more updates on this developing story.