SpaceX shares rise 6% in pre-market after 19% gain on listing day

SpaceX shares rose 6% in pre-market trading after surging 19% on listing day, pushing its market capitalisation above $2 trillion and making it the sixth-largest listed company in the US. The $75 billion IPO was the largest ever, more than double Saudi Aramco's 2019 listing, despite the company reporting a net loss of $4.94 billion in 2025 on revenue of $18.67 billion. Elon Musk projected the company could generate over $1 trillion in annual revenue by 2030-2031, while over 510 million shares worth approximately $84 billion changed hands on day one.