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SpaceX gains 11% in premarket trading as momentum builds

CNBC Tuesday 16 June 2026, 08:26 UTC 1 min read
Key Points

SpaceX shares surged 11% in premarket trading on Tuesday, as Elon Musk's rocket-builder continued its meteoric rise following a record-breaking IPO on Friday. 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.

SpaceX shares surged 11% in premarket trading on Tuesday, as Elon Musk's rocket-builder continued its meteoric rise following a record-breaking IPO on Friday. 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. This is breaking news. Please refresh for updates.
SpaceX (ORG) Elon Musk's (PERSON) IPO (ORG) Starlink (LOCATION) Musk (PERSON) AI (ORG)
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