SpaceX had a blockbuster debut on public markets, with shares closing up 19.6% on Monday — its first full day of trading on the Nasdaq, according to CNBC's Arjun Kharpal.
The company's IPO raised $85.7 billion, a figure that dwarfs the first-day raises of tech and telecom giants including Meta, AT&T, and Nvidia, according to multiple reports. During the session, SpaceX's total market value topped $2.4 trillion intraday, per TradingKey. Underwriters also fully exercised their over-allotment option — a sign of strong institutional demand — and Morningstar flagged short-term upside for the stock price.
Elon Musk added fuel to investor enthusiasm by saying SpaceX "might be able to reach" around $1 trillion in annual revenue by 2030. That would represent a staggering leap from the $18.7 billion in revenue the company generated in 2025, according to CNBC.
For context: $1 trillion in revenue would put SpaceX in the same conversation as the world's largest companies by sales. Whether rockets, satellites, and internet service can scale that fast remains an open question, but Wall Street's opening-day verdict was unambiguous enthusiasm.
The listing marks a rare moment when a company once considered too ambitious — and too Musk-adjacent — for public markets arrives as one of the most valuable companies ever to go public, and its first trading day suggests investors are betting heavily that the space economy is just getting started.