SpaceX extends post-IPO gains as Musk touts $1 trillion revenue goal
Shares rose to $212 in U.S. overnight trading from a $135 IPO price, lifting SpaceX to about $2.77 trillion and adding to speculation over whether it could become the world’s most valuable company by the end of 2026.
Reuters directly confirms Musk's $1 trillion 2030 SpaceX revenue projection made shortly after a record IPO valuing SpaceX over $2 trillion. BlockBeats corroborates the same figures. The Defiant and Yahoo Finance confirm the record Nasdaq IPO under SPCX and heavy trading of tokenized versions on Solana (Backpack Securities). The core claim is strongly supported. The only unverified detail is the specific naming of Gate.com as a trading venue, and the framing that shares rose after IPO debut is consistent with reporting (SPCX surged). The headline overstates 'crypto venues' as the listing was primarily Nasdaq, but tokenized Solana trading is confirmed.
SpaceX remained sharply above its IPO price in continued post-listing trading, with U.S. overnight trading putting the shares at $212 versus a $135 IPO price and valuing the company at about $2.77 trillion. That move placed SpaceX in the global top five by market value after surpassing TSMC and Amazon, while a Polymarket contract on the world’s most valuable company at the close of Dec. 31, 2026 assigned SpaceX an 8% chance, with volume above $257,000. The rally follows heavy IPO demand, strong retail participation, underwriters’ exercise of an option for 83.33 million additional shares that lifted proceeds to about $85.7 billion, and Elon Musk’s statement that annual revenue could reach $1 trillion by 2030. The stock’s debut has also driven unusually strong activity in crypto-linked products tied to SpaceX, including SPCX perpetual futures and SPCXON, as traders used tokenized and derivative markets to gain round-the-clock exposure to the company’s price.
- IPO: A company’s first sale of shares to public market investors.
- underwriters: Banks or firms that arrange and help sell securities offerings, including optional additional share sales.
- perpetual futures: Derivative contracts with no expiry date that let traders speculate on price movements without owning the underlying asset.