SpaceX Stock Jumps in Premarket, Nearing $2.75 Trillion Valuation

Topline

SpaceX’s stock jumped over 10% in premarket trading on Tuesday, building on a nearly 20% gain during its debut session on Monday after a landmark IPO last week that propelled founder and CEO Elon Musk to become the world’s first trillionaire.

Key Facts

During Tuesday’s premarket session, SpaceX shares reached $212.4, marking a gain of roughly 10.35% from Monday’s closing price.

SpaceX’s market capitalization exceeded $2.5 trillion on Monday, and should the premarket momentum persist, the valuation may climb beyond $2.75 trillion.

SpaceX now ranks as the world’s sixth‑largest company by market value, and its premarket advance has carried into regular trading, positioning it to surpass Amazon and approach Microsoft’s market cap.

Forbes Valuation

Forbes estimates that Musk’s net worth stood at $1.3 trillion after Monday’s market close, making him the richest person on the planet by a wide margin. Google co‑founders Larry Page and Sergey Brin trail him by more than $1 trillion, occupying the second and third spots on the Real‑Time Billionaires list. Musk’s wealth grew by almost $165 billion on Monday alone—a sum exceeding the total net worth of the world’s ninth‑richest individual, Bernard Arnault.

Tangent

Tesla, Musk’s other major publicly traded company, gained 1.16% on Monday to close at $411.15, giving the electric‑vehicle maker a market value of roughly $1.3 trillion. In Tuesday’s premarket, however, Tesla’s shares slipped 1.63%.

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