SpaceX Shares Extend Gains Premarket, Climb Back Above IPO Price

Published by

Anjali Belgaumkar

November 11, 2026

Elon Musk with SpaceX rocket and flying dollar bills against rising chart.

SpaceX shares rose 3.36% in premarket trading on Wednesday to $147.90, up $4.81 from the previous close of $143.09, adding to a recovery that began after NASA picked the company for its lunar cargo programme. The stock jumped about 6% on Monday after SpaceX was named one of eight firms eligible to compete for up to $10 billion in moon delivery missions over ten years under CLPS 2. Even if SpaceX won the full amount, it would earn about $1 billion a year, less than the roughly $1.12 billion it made in an average week of the third quarter. Elon Musk said government work will make up less than 10% of revenue this quarter, down from 16.6%, as AI computing and Starlink drive growth. Rocket Lab also rallied despite missing out. The stock is now well above its $135 IPO price, with Starship’s November 13 flight the next key test.

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