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Business · 10 August 2026

SpaceX shares climb back to around their $135 IPO price

SpaceX shares climb back to around their $135 IPO price

Shares in Elon Musk's rocket company jumped on Monday, reaching their original listing price after a volatile period since June's market debut. SpaceX announced better-than-expected revenue of $7.81 billion in its first earnings report, beating analyst forecasts of $6.93 billion. The rebound comes after more than 911 million shares became liquid stock last Thursday.

Reported by CNBC · How we write briefs

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