Elon Musk speaks at Starbase before SpaceX's IPO in in Starbase, Texas, U.S., June 12, 2026. Shares of Elon Musk's SpaceX gained 4% on Monday, closing above its $135 IPO price for the first time since July 15. The shares briefly hit the benchmark in early trading on Monday, marking a rebound from rocky post-IPO trading that has seen the stock swing up and down and close as low as $108.27 just days ago. Last week, the rocket maker reported better-than-expected revenue in its first earnings report since the company made its historic debut on the Nasdaq in June. SpaceX said it generated $7.81 billion in revenue during its second quarter, up from the $6.93 billion expected by analysts.