{"id":2034,"date":"2026-06-15T12:08:18","date_gmt":"2026-06-15T12:08:18","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=2034"},"modified":"2026-06-15T12:08:18","modified_gmt":"2026-06-15T12:08:18","slug":"spacex-set-to-extend-rally-after-record-wall-street-debut","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=2034","title":{"rendered":"SpaceX set to extend rally after record Wall Street debut"},"content":{"rendered":"<div>\n<div>\n<div>\n<ul>\n<li>Companies<\/li>\n<\/ul>\n<\/div>\n<div>\n<ul>\n<li><svg><\/svg>\n<div>\n<div>\n<div><button><span><span>Follow<\/span><\/span><\/button><\/div>\n<\/div>\n<\/div>\n<\/li>\n<li><svg><\/svg>\n<div>\n<div>\n<div><button><span><span>Follow<\/span><\/span><\/button><\/div>\n<\/div>\n<\/div>\n<\/li>\n<li><svg><\/svg>\n<div>\n<div>\n<div><button><span><span>Follow<\/span><\/span><\/button><\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div>June 15 (Reuters) &#8211; Shares of SpaceX (SPCX.O)<svg><\/svg><span>, opens new tab<\/span> rose more than \u200b6% before the bell on Monday, and were set to extend gains \u200cafter a blockbuster debut last week that pushed the company&#8217;s valuation past $2 trillion and into the ranks of Wall Street&#8217;s most valuable companies.<\/div>\n<div>CEO Elon Musk said on Sunday that the rockets-to-AI \u200bcompany could bring in $1 trillion in revenue by 2030. SpaceX reported $18.7 billion in \u200brevenue in 2025.<\/div>\n<div>Shares of the company jumped 19% in their Nasdaq debut on \u2060Friday, making SpaceX the sixth-largest U.S. firm by market value and Musk the \u200bworld&#8217;s first trillionaire.<\/div>\n<div>Retail investors &#8211; who received about 20% of the IPO allocation &#8211; lapped up $117.6 million \u200bworth of SpaceX shares on Friday alone to make it the most purchased stock in the session and surpass the previous IPO record set by Coinbase (COIN.O)<svg><\/svg><span>, opens new tab<\/span> in April 2021, according to Vanda \u200bResearch data.<\/div>\n<div>&#8220;While most obviously a space-related company, it is also being seen as \u200bsomething of an AI proxy given its exposure to xAI,&#8221; said Richard Hunter, head of markets \u200cat \u2060interactive investor.<\/div>\n<div>Analysts and portfolio managers said investors should brace for volatility, particularly early on in SpaceX&#8217;s life as a public company, due to its relatively small float and high valuation.<\/div>\n<div>The rally could continue as SpaceX is set for fast-track inclusion in \u200bthe Nasdaq 100, which \u200bwill soon make \u2060it a major holding for passive funds and ETFs that track the index, creating a fresh source of demand for its \u200bshares.<\/div>\n<div>FTSE Russell and MSCI are also set to add the \u200bstock to \u2060their indexes effective June 26 and June 29, respectively.<\/div>\n<div>Brokerage Jefferies estimates that inclusion in the FTSE Russell indexes will result in $2.68 billion in inflows from passive investors.<\/div>\n<div>The SpaceX stock \u2060was \u200blast up 6.4% at $171.2, with more than $940 million \u200bworth of shares having exchanged hands as of 05:41 a.m. ET, which is higher than Nvidia (NVDA.O)<svg><\/svg><span>, opens new tab<\/span>, Microsoft (MSFT.O)<svg><\/svg><span>, opens new tab<\/span> and \u200bTesla (TSLA.O)<svg><\/svg><span>, opens new tab<\/span> combined.<\/div>\n<\/div>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2032\">Fox to buy Roku in $22 billion deal to accelerate shift to digital<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2030\">Scouring the Strait of Hormuz for mines could take weeks<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2028\">What\u2019s next for SpaceX stock after IPO blastoff<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of SpaceX rose more than \u200b6% before the bell, and were set to extend gains \u200cafter a blockbuster debut last week that pushed the company&#8217;s valuation past $2 trillion and into the ranks of Wall Street&#8217;s most valuable companies.<\/p>\n","protected":false},"author":1,"featured_media":2033,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[11,119,118],"class_list":["post-2034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-artificial-intelligence","tag-ev-strategy","tag-software-defined-vehicle"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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