SpaceX stock gained 19.6%, or $31.55, in its first full day of trading, pushing the company’s market capitalisation above $2.5 trillion.
Elon Musk added to the momentum by predicting that SpaceX could generate $1 trillion in annual revenue by 2030. That would represent a 53x increase over five years from its current $18.7 billion revenue base.
For the broader market, the move shows that investor appetite for IPOs remains extremely strong. Two major issuers, Anthropic and OpenAI, are also expected later this year. Separately, it was reported today that Nvidia could potentially raise $20 billion through a U.S. bond issuance.
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