SpaceX (NASDAQ: SPCX) Surges 19.22% to $160.95 as Elon Musk Reacts to $330B Revenue Forecast

SpaceX made history on June 12, 2026, and then made even bigger headlines two days later. SpaceX priced its IPO at $135 per share, raising $75 billion in the largest public market debut ever recorded. The stock opened at $150 on Nasdaq, an 11% premium to the IPO price, and closed at $160.95, up 19.22% on day one. Then on June 14, Elon Musk responded directly to a Morgan Stanley revenue model on X, projecting SpaceX could hit $1 trillion in annual revenue by 2030, dwarfing the bank’s already aggressive $330 billion estimate. The reaction set the stage for continued market buzz heading into the week of June 15.

The IPO: What Actually Happened on June 12

SpaceX debuted on the Nasdaq under the ticker SPCX on June 12, 2026, with Morgan Stanley leading the stabilization process. The stock opened on 58 million shares at $150 and briefly jumped over 30% before paring back gains to close at $160.95. The first-day close pushed SpaceX’s market valuation above $2 trillion.

Key IPO facts at a glance:

• IPO price: $135 per share
• Opening price: $150 per share
• Day-one close: $160.95 (up 19.22%)
• Intraday high: $176.52
• Capital raised: $75 billion
• Exchange: Nasdaq (ticker: SPCX)

The rally in SpaceX-linked perpetual futures on crypto exchange Hyperliquid sat near $176 at day’s end, roughly 30% above the IPO price, with $322.5 million in 24-hour volume and open interest climbing above $293 million. Related stocks also surged. EchoStar (SATS), which holds an estimated 3% stake in SpaceX, jumped 11% on IPO day, while AST SpaceMobile (ASTS) gained 12% alongside nearly $140 million in options trading.

Musk vs. Morgan Stanley: The $330B Revenue Debate

Two days after the IPO, the narrative shifted to revenue. Morgan Stanley, the lead underwriter, estimates SpaceX will generate approximately $330 billion in revenue by 2030, with an intermediate projection of $160 billion as early as 2028. Musk went further.

On June 14, 2026, Musk posted on X: “I think SpaceX might be able to reach approximately $1T revenue in 2030,” adding that he would be surprised if revenue fell below $1 trillion in 2031.

Elon Musk predicts SpaceX $SPCX could generate around $1,000,000,000,000.00 in revenue by 2030, marking an extremely ambitious long-term outlook for the company. pic.twitter.com/dgZjnSXgtZ

— Bitunix (@BitunixOfficial) June 15, 2026

The full revenue trajectory, per Morgan Stanley:

• 2025 actual: $18.7 billion
• 2028 estimate: $160 billion
• 2030 estimate: $330 billion
• 2040 estimate: $3.4 trillion

ARK Invest also projected SpaceX revenue could reach between $300 billion and $400 billion, while New Street Research placed its 2030 target at approximately $195 billion. Morningstar analysts, however, argued the company was increasingly overvalued at current prices.

What’s Driving SpaceX’s Revenue Engine

The business case behind these numbers rests on Starlink above all else. Starlink generated $11.4 billion in revenue in 2025 and had reached 10.3 million subscribers by March 2026, up from 8.9 million a year earlier. SpaceX also acquired xAI, Musk’s artificial intelligence company, in early 2026, opening an entirely new revenue stream in space-based AI infrastructure.

$SPCX SpaceX in 2035: Why this IPO is just the beginning

Just days after its historic $75B IPO (priced at $135, now trading ~$161 with a $ 2T+ market cap), SpaceX is positioning itself as the backbone of humanity’s multi-planetary future. Here’s what the next 10 years could look… pic.twitter.com/574dCKGjoR

— Aurelien Sacaze (@AurelienSacaze) June 15, 2026

Revenue growth drivers heading into 2027:

• Starlink is expected to account for 70% to 80% of total SpaceX revenue in 2026, with the service adding between 750,000 and 1.5 million new subscribers monthly.
• Maritime installations are projected to generate $1.9 billion from approximately 75,000 shipping vessels.
• Aviation revenue is forecast to grow 68% year-over-year.
• xAI integration introduces space-based AI data center satellites as a new revenue category.

Peers like Boeing (BA) and Lockheed Martin (LMT) hold traditional defense contracts but lack SpaceX’s subscription-driven recurring revenue model, a structural advantage that underpins every analyst projection on the table.

Disclaimer

The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.