SpaceX stock jumps for second day, now up over 40% since debut

June 15, 2026 - 23:29

SpaceX stock continued its explosive rally on Monday, climbing another 17% and extending a two-day surge that has pushed the shares more than 40% above their debut price. The rocket company began trading on public markets just last Friday, and investors have been piling in at a pace that has surprised even seasoned market watchers.

The latest jump adds to a Friday gain that saw the stock close well above its initial reference price. Over the course of two sessions, the shares have more than made up for any early hesitation, reflecting intense demand from both institutional buyers and retail traders eager to own a piece of the private spaceflight pioneer. The company, led by Elon Musk, has long been a dominant force in satellite launches and crewed missions, and its public listing was one of the most anticipated events of the year.

Analysts point to SpaceX's strong backlog of government and commercial contracts, as well as its Starlink satellite internet business, as key drivers of investor enthusiasm. The rapid price increase has also drawn comparisons to other high-profile tech debuts, though some caution that the valuation may be getting stretched. For now, the momentum shows no signs of slowing, with trading volume remaining heavy and buy orders outpacing sells.