SpaceX shares climb about 6% premarket after Musk floats $1 trillion annual revenue goal
SpaceX (SPCX) shares rose about 6% in premarket trading after Chief Executive Elon Musk set a goal of reaching $1 trillion in annual revenue. The target would require the company to expand far faster than current Wall Street expectations. The projection centers on scaling Starlink, rising commercial launch orders and efficiencies as the Starship system matures, and it is framed as management forward-looking guidance without third-party verification details.