US Stock Market Move | SpaceX opened today and continued to rise by over 6%. Elon Musk stated that the revenue will exceed 1 trillion dollars by 2030.

On Monday, SpaceX (SPCX.US) opened trading with a further increase of over 6%, following a nearly 20% surge on its first day of trading, now trading at $168.88 per share. The total market value has surpassed $2.20 trillion, overtaking Broadcom Inc. and Tesla, Inc., making it the seventh-largest publicly traded company globally. On the news front, Elon Musk stated on Sunday that his rocket company SpaceX could potentially generate revenues of $1 trillion by 2030. In response to journalist and financial commentator Jon Erlichman on his own social media platform, Musk wrote, "If revenue in 2031 does not exceed $1 trillion, I would be surprised." In 2025, SpaceX's revenue skyrocketed from $14.02 billion the previous year to $18.67 billion, but the company's performance went from profit of $791 million to a net loss of $4.94 billion. Some Wall Street analysts are cautious about the company's growth prospects. Goldman Sachs Group, Inc. previously estimated that SpaceX's revenue in 2030 will exceed $470 billion, while Morgan Stanley predicts revenue to reach nearly $330 billion.