SpaceX shares gained about 3% in premarket trading Wednesday, extending a powerful rally that has lifted the stock roughly 62% since its blockbuster public debut last week.
Investor enthusiasm has been fueled in part by confidence in CEO Elon Musk and his long-term growth ambitions. Musk recently suggested that SpaceX could generate around $1 trillion in annual revenue by 2030.
However, questions remain about whether the company can justify its valuation. SpaceX recorded a $4.9 billion net loss in 2025 and lost another $4.28 billion during the first quarter of this year.
Market analysts cautioned that strong investor optimism must eventually be supported by financial performance, with sustained revenue growth expected to be critical in the years ahead.
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$SPCX just surpassed Amazon in market value, becoming the world's fifth-largest company just days after hitting the public markets. https://t.co/k0mNuioJit pic.twitter.com/2Yg1GAhyUX
— Yahoo Finance (@YahooFinance) June 16, 2026
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