SpaceX has had a remarkable week on public markets. Since listing on Nasdaq under the ticker SPCX on June 12, 2026 at $135 per share, the stock has already climbed 55 percent — a debut that few IPOs manage even in their first month. The financial picture backing that rally is equally striking.
Analyst and Tesla/SpaceX tracker Sawyer Merritt laid out the revenue math in a post today. SpaceX recorded $18.7 billion in revenue for full-year 2025. Factor in the company's compute leasing deals — part of its growing AI infrastructure play — plus Cursor's reported $4 billion in annual recurring revenue (per media reports), and the projected annualized run rate for 2026 reaches an estimated $55 billion. That's nearly a 3x jump in a single year, if the trajectory holds.
It's worth noting that Merritt's projection blends SpaceX's core launch and Starlink business with newer revenue streams — compute leasing and Cursor's ARR — that represent a meaningful strategic expansion beyond rockets. Whether those figures consolidate cleanly into SpaceX's reported revenue remains an open question, but the directional signal is clear: SpaceX is no longer just an aerospace company by revenue profile.
For context on our broader SpaceX coverage, see all SpaceX articles here. The stock's 55 percent post-IPO move in under a week puts it among the strongest large-cap debuts in recent memory — and with a $55 billion revenue run rate potentially on the horizon, the market appears to be pricing in much more than launch contracts.
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Sources & reporting notes
The links below identify the material source records used for this report.
- @SawyerMerritt on X (2026-06-16T15:07:42.000Z) — Direct source
- @SciGuySpace on X (2026-06-16T15:52:04.000Z) — Direct source
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The BASENOR Editorial Desk covers Tesla, SpaceX, and related technology, curating reporting from primary sources — official accounts, regulatory filings, and software release data. Every article passes source-record and fact-checking review before publication. About the newsroom.
This report was curated by the BASENOR Editorial Desk from the sources listed above. Read our editorial standards or email editorial@basenor.com to report an error.
