SPCX is trading 3.4% up at $158.44 after Elon Musk publicly raised the bar on SpaceX’s long-term revenue ambitions.
- Musk stated he would be disappointed if the company did not significantly exceed bullish projections of nearly $100 billion in revenue by 2028.
- Investor optimism is fueled by comments regarding a potential $1 trillion revenue milestone by 2030.
- The price action marks a rebound for the instrument, supported by a stronger overall technology tape.