SpaceX shares climb further after explosive IPO, valuation tops $2 trillion

SpaceX shares continued their upward trajectory, climbing more than 6% in trading on June 15 and showing strong momentum following an explosive initial public offering (IPO) last week. The company's valuation has now surpassed $2 trillion, cementing its place among the most valuable businesses on Wall Street.

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SpaceX shares increased by more than 6% in the June 15 trading session and are forecast to continue their rise after an impressive debut last week, bringing the company's market capitalization to over $2 trillion and joining the ranks of Wall Street's most valuable businesses.

Billionaire Elon Musk stated on June 14 that SpaceX, which operates in the rocket and artificial intelligence sectors, could reach $1 trillion in revenue by 2030. Prior to this, the company reported $18.7 billion in revenue for 2025.

In its first trading session on the Nasdaq on June 12, SpaceX shares jumped 19%. This surge made it the sixth-largest U.S. company by market capitalization and propelled Musk to become the world's first person with a net worth exceeding $1 trillion.

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The company operating in the rocket and artificial intelligence sectors could reach $1 trillion in revenue by 2030.

Individual investors, who were allocated about 20% of the IPO shares, bought a net $117.6 million worth of SpaceX stock on June 12 alone, according to Vanda Research. This volume exceeded the previous record set by Coinbase during its April 2021 IPO.

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SpaceX shares increased by 19% in their first trading session on the Nasdaq on June 12, making the company the sixth-largest U.S. business by market capitalization and making Mr. Musk the first person in the world to own assets exceeding $1 trillion.

Portfolio managers advise investors to prepare for significant stock volatility, especially in the early stages of SpaceX's public trading. This is due to limited freely traded shares and a high valuation. Experts suggest SpaceX stock could continue to rise as the company is likely to be added to the Nasdaq 100 index soon. This inclusion would compel index-tracking funds and ETFs to purchase SpaceX shares, increasing market demand. FTSE Russell and MSCI are also expected to add SpaceX shares to their respective indices starting June 26 and June 29. Jefferies estimates that inclusion in FTSE Russell indices could attract $2.68 billion in capital from passive investors. As of 5:41 AM EST on June 15, SpaceX shares were up 6.4% to $171.20, with trading volume exceeding $940 million, more than the combined trading volume of Nvidia, Microsoft, and Tesla at the same time.

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Individual investors have bought a net $117.6 million worth of SpaceX shares on June 12 alone.