SpaceX shares rose more than 6 percent in early trading on Monday after a record IPO debut that pushed its valuation past $2 trillion and made Elon Musk the world’s first trillionaire. The stock jumped 19 percent on Friday’s Nasdaq listing, with CEO Musk forecasting $1 trillion in revenue by 2030 despite the company’s $18.7 billion in 2025 sales and lack of profitability, Reuters reported.
Retail investors, who received about 20 percent of the IPO allocation, purchased $117.6 million worth of SpaceX shares on Friday alone. This made it the most purchased stock in the session and surpassed the previous IPO record set by Coinbase in April 2021, according to Vanda Research data. The strong retail uptake reflects widespread enthusiasm for the company’s prospects in space transportation and satellite internet services. Market analysts expect this interest to support the stock in its initial public trading phase.
Portfolio managers have expressed confidence in the company’s long-term trajectory. John Belton, portfolio manager at Gabelli Funds, pointed to its growth prospects. “This is a company with significant growth potential ahead of it. It’s definitely going to be a long-term story, and I think it will take time for the stock to find its footing in the public markets, but there are a lot of exciting opportunities ahead,” Belton said. “SpaceX is the ultimate growth stock,” he added.
Investors should anticipate volatility in the near term as the stock adjusts to public market dynamics, analysts and portfolio managers said. The relatively small float combined with the high valuation are seen as factors that could lead to sharp price swings. SpaceX is set for fast-track inclusion in the Nasdaq 100 index, which will make it a key component for passive funds and ETFs. FTSE Russell will add the stock effective June 26 and MSCI on June 29. Jefferies estimates the FTSE Russell inclusion will bring $2.68 billion in inflows from passive investors.
Trading data showed the shares at $171.04, up 6.3 percent, with more than $7.2 billion in volume by mid-morning. This exceeded the combined share turnover of Nvidia, Microsoft and Tesla at that time. The upcoming listing of SpaceX options on Tuesday is another event market participants are watching. The expiration of some investor holding periods in the following months is also expected to influence supply and demand dynamics for the stock.
According to the company’s reported figures, revenue reached $18.7 billion in 2025. The CEO’s statement on Sunday regarding the potential for $1 trillion by 2030 has generated significant discussion among investors. Achieving such growth would require substantial expansion across launch services, satellite broadband and other ventures. The stock’s inclusion in major indexes is expected to enhance its visibility and liquidity in the public markets. Market participants will monitor how the company delivers on its ambitious targets in the coming quarters.
