Space X stock market trip

Musk: Space X revenue could increase 5,000 percent in five years

Space X's turnover could grow from last year's $18.7 billion to around $1 trillion by 2030, according to Elon Musk. "And I would be surprised if turnover is not higher than $1 trillion in 2031," he writes on the X platform. That would be an increase of more than 5,200 percent in five years.

The comment is a response to financial commentator Jon Erlichman, who quotes Morgan Stanley's forecast of a turnover of $330 billion in 2030 - clearly lower than Elon Musk's own forecast.

Space X shares rise sharply in US pre-trade on Monday after surging 19 percent in Friday's debut.

Space X is rushing ahead: “Not a typical meme stock”

Space X is rushing ahead after its stock market debut on Friday, when the space company rose 19 percent.

At 7:45 p.m., the stock rose nearly 15 percent, approaching Amazon as the world’s fifth most valuable company, according to the website Companiesmarketcap.com.

At the same time, the rise has been significantly more stable than expected, says Brian Mulberry, chief strategist at Zacks Investment Management to CNBC.

– This is not a typical meme stock that explodes right from the start. Rather, investors seem to be buying in and keeping the stock in their portfolios, he says.

Franklin Templeton CEO Max Gokhman is also not surprised by the great interest.

– There have been many investors, especially private savers, who have stood on the sidelines and have not had the opportunity to gain exposure to the company, he tells Bloomberg.