SpaceX Shares Rise 1.7% Premarket; Analyst Questions $1 Trillion Revenue Target by 2030

According to analyst Dan Taylor at Man Group via Dow Jones Newswires, SpaceX shares rose 1.7% in premarket trading on Thursday (June 18), following a 5% decline the previous day. Taylor questioned whether the company could reach Elon Musk's forecast of $1 trillion in annual revenue by 2030, saying SpaceX's valuation reflects a "bet on Chief Executive Elon Musk" rather than a clear AI narrative.

SpaceX reported a $4.9 billion net loss in 2025 and another $4.28 billion loss in Q1 2026. The stock's recent pullback coincided with the launch of SPCX options trading on Tuesday, which gave bearish investors their first way to bet against the shares. Taylor added that the sustainability of future AI-related IPOs depends on whether current AI spending generates real commercial returns.