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SpaceX gains 11% in premarket trading as momentum builds
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- 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."
- Founded in 2002, SpaceX has become dominant in satellite, through its Starlink service, and reusable rockets.
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Space X shares surged 11% on Tuesday, as Elon Musk's rocket-builder continued its meteoric rise following a record-breaking IPO on Friday.
Shares of the space tech and AI company popped in premarket trading, following a 20% jump in its first full day of trading after a blockbuster debut.
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