MarketWatch reported Sept. 3 that spacex stock has climbed back above a $2 trillion market valuation after shares rose sharply, marking the company’s return to the $2 trillion club.
MarketWatch said SpaceX shares rose 6.4% on Thursday and closed at about $149.74, a move that briefly pushed the company’s market value over $2 trillion, according to the story. That rise followed recent volatility since the company’s June IPO and a series of share unlocks that have weighed on the price.
SpaceX first reached a roughly $2 trillion valuation during its Nasdaq debut in June, when CNBC reported the stock jumped more than 19% and valued the company at about $2.1 trillion on June 12. Since then, market swings have taken the stock below that level before Thursday’s rebound.
Analysts remain split on where spacex stock goes next. MarketWatch noted an average analyst target around the low-$220s, citing FactSet, which implies upside from current levels for investors who focus on price targets.
Investors tracking the broader market reacted as well; wider market moves and new share availability have been cited in coverage as factors that can accelerate short-term swings in SpaceX’s valuation. The stock’s return above $2 trillion is a snapshot of market pricing, not a guarantee it will remain there.
For readers wanting projections, analysts’ targets and ongoing trading patterns are discussed in our earlier coverage and market roundups; see SpaceX stock forecast to reach $225 by mid-2027, analysts say and the broader market context in Stock market today: what investors should watch before the open.
Sources
- MarketWatch — reported Sept. 3 that SpaceX “is back in the $2 trillion club after nearly two months,” and that shares rose 6.4% to close around $149.74.
- CNBC — reported June 12 that SpaceX’s Nasdaq debut pushed its market value to roughly $2.1 trillion after a more than 19% one-day jump.
- Google Finance — provided intraday quote and market-cap snapshot used to corroborate current trading range and market-cap figures.
