Stock Track | SpaceX Soars 5.39% in Pre-market on Musk's $1 Trillion Revenue Vision and Strong Investor Demand-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Stock Track | SpaceX Soars 5.39% in Pre-market on Musk's $1 Trillion Revenue Vision and Strong Investor Demand

Stock Track06-15

SpaceX's stock surged 5.39% during pre-market trading on Monday, extending its momentum following a historic debut on the Nasdaq last week.

The pre-market jump was fueled by founder Elon Musk's projection that the aerospace company could generate approximately $1 trillion in revenue by 2030, amplifying investor optimism about its long-term growth trajectory. Additionally, the move reflects sustained massive demand that far exceeded the supply of shares in its record-breaking initial public offering, which was oversubscribed by institutional and retail investors alike.

Further buying interest was supported by news that Australian mining tycoon Gina Rinehart acquired a stake worth over $1 billion in SpaceX through her company Hancock Prospecting, validating the company's appeal to large-scale strategic investors. The combination of Musk's ambitious forecast, intense unmet demand, and high-profile investments continues to drive strong sentiment in the stock during the early trading session.

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