SpaceX stock surges close to its $135 IPO price, fueling investor debate over Elon Musk’s $1 trillion revenue target by 2030.
SpaceX shares jumped 28% in recent sessions, trading just below the $135.00 IPO price. The rally offers retail investors a rare entry point near the ground floor, though skepticism remains over the company’s aggressive growth targets.
Elon Musk’s $1 trillion revenue goal by 2030 requires a 115% compound annual growth rate, a pace analysts suggest is more plausible by 2036. The company’s $1.76 trillion valuation and heavy AI-related capital expenditures add to investor caution.
The stock’s volatility reflects broader uncertainty, with some viewing the current price as a bargain for long-term believers in Musk’s vision. However, rising CapEx concerns may limit further upside in the near term.