SPCX: SpaceX Adds Another 20% to Share Price as Musk’s Wealth Hits $1.3 Trillion

About half of the shares in flotation changed hands, or roughly 2% of all shares. The day added $164 billion to Elon Musk’s net worth. Excessive? You bet (literally).

🚀 What’s Gravity?

• SpaceX shares surged another 20% on Monday, extending the explosive momentum from last week's record-breaking Nasdaq debut. The rally pushed the company's market capitalization above $2.5 trillion, making it one of the most valuable businesses on the planet.
• Roughly 245 million shares changed hands during the session, adding to Friday's massive volume of more than 500 million shares. Only 555 million shares were floated in the IPO, about 4% of all SpaceX stock.
• In effect, trading activity involving just a fraction of that float helped add more than $400 billion in market value. Efficient price discovery or speculative fever dream? Market participants are still debating.

💰 Musk’s Fortune

• The stock surge added an estimated $164 billion to Elon Musk's net worth in a single day, lifting his fortune toward an eye-watering $1.3 trillion, according to Bloomberg Billionaires Index. At this point, national economies are probably uncomfortable.
• Fueling the excitement was Musk himself. Over the weekend, he posted on X that SpaceX "might be able to reach approximately" $1 trillion in annual revenue by 2030 and exceed that figure the following year.
• That's an ambitious target considering SpaceX generated $18.7 billion in revenue in 2025. Investors clearly aren't buying today's numbers — they're buying tomorrow's possibilities, and perhaps a few decades after that as well. (Or they’re simply riding out the short-term hype and volatility.)

📈 More Shares

• SpaceX also revealed its IPO raised even more cash than initially reported. Underwriters fully exercised the greenshoe option — an arrangement that allows banks to purchase additional shares at the IPO price to meet strong demand.
• That meant another 83.3 million shares were sold at $135 each, increasing the total capital raised to more than $85.7 billion from the original $75 billion. Largest IPO in history? And then some.
• The excitement wasn't cooling off. Pre-market trading pointed to another 10% gain on Tuesday, putting shares on track to open above $212. At this pace, traders may soon need a bigger calculator — and possibly a stronger seatbelt.