SpaceX shares continued their strong momentum on Monday, rising about 6% in premarket trading following last week’s historic market debut on the Nasdaq. The surge comes after the company completed what is now being described as the largest initial public offering in history, drawing massive global investor attention.
On Friday, the stock had already climbed 19%, closing at $161 after being priced at $135 per share. Early Monday trading saw shares hovering around the $170 mark, further boosting SpaceX’s market valuation beyond the $2 trillion threshold and reinforcing its position as one of the most valuable tech-driven aerospace firms in the world.
The company, led by Elon Musk, operates major space infrastructure assets including its Starlink satellite internet service and a growing fleet of reusable rockets. In recent developments, Musk also merged SpaceX with his artificial intelligence venture xAI earlier in the year, expanding its reach into the rapidly growing AI sector.
Despite the strong market enthusiasm, concerns around valuation persist. SpaceX reportedly recorded nearly $5 billion in losses in 2025, raising questions about whether its massive valuation is justified given its current profitability and heavy capital requirements.
Analyst opinions remain sharply divided. CFRA issued a “sell” rating with a 12-month price target of $115, warning that the company’s valuation and capital intensity may be excessive. Morningstar also flagged the stock as overvalued, while New Street Research took a more optimistic stance, setting a $165 price target and highlighting continued growth potential.
source: cnbc