SpaceX shares increased by 4% in premarket trading, continuing a strong rally that began with its IPO on Friday. The company's market capitalization reached $2.65 trillion, making it the fourth-largest company in the U.S.
Investors are optimistic about CEO Elon Musk's potential to generate substantial long-term returns, especially after he suggested that SpaceX could achieve approximately $1 trillion in revenue by 2030.
However, the company reported a net loss of $4.9 billion in 2025 and $4.28 billion in the first quarter of this year, raising concerns about whether its ambitious growth plans can justify its lofty valuation.
Peter Boockvar, chief investment officer at One Point BFG Wealth Partners, emphasized that while the excitement surrounding SpaceX is palpable, the company must demonstrate its ability to meet these high expectations in the coming years