- SpaceX stock popped 9% on Tuesday in premarket trading, as investors continued to pile into Elon Musk's rocket-builder.
- Musk said on Sunday that the company "might be able to reach approximately" $1 trillion revenue in 2030."
- SpaceX made $18.7 billion in revenue in 2025.
Musk, who serves as CEO of SpaceX, posted on X on Sunday that the company "might be able to reach approximately" $1 trillion revenue in 2030.
That would be a huge jump from the $18.7 billion in revenue it made in 2025. The company posted a $4.9 billion net loss in 2025 and it lost $4.28 billion in the first quarter of this year.
Founded in 2002, SpaceX has become dominant in satellites, through its Starlink service, and reusable rockets.
In February, Musk merged the company with his AI startup xAI, after combining the latter with his social media platform X in 2025.
This is breaking news. Please refresh for updates.<small>Source: CNBC</small>
Business
SpaceX gains 9% in premarket trading as momentum builds
CNBC
June 16, 2026
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