Investment
Features
FeesSafety
Academy
More
Pluang+

SpaceX stock drops 33% from peak; Elon Musk forecasts revenue to hit $1 trillion by 2030.

Market News
16 Aug 2026
Chris Neiger
View Source
Neutral
SpaceX stock drops 33% from peak; Elon Musk forecasts revenue to hit $1 trillion by 2030.

SpaceX shares have fallen 33% from their highest point, reflecting market volatility or investor concerns. Despite this, Elon Musk projects a massive revenue increase for the company, expecting it to grow 53-fold and reach $1 trillion by 2030. This ambitious forecast highlights Musk's confidence in SpaceX's long-term growth and potential dominance in the space industry. Investors will be watching closely to see if SpaceX can meet these high expectations over the coming years.

More News

U.S. Senate stalls CLARITY Act, shifting crypto regulation to SEC and CFTC under existing laws.

U.S. Senate stalls CLARITY Act, shifting crypto regulation to SEC and CFTC under existing laws.

The U.S. Senate failed to pass the CLARITY Act on September 15, falling short of the 60 votes needed. This delays formal crypto legislation but does not end regulatory progress, as the SEC and CFTC plan to act under their existing authority. These ag...

Market News
Neutral
4 hours ago
Walter Family denies cutting philanthropy, pledges continued support for community and conservation causes.

Walter Family denies cutting philanthropy, pledges continued support for community and conservation causes.

The Walter Family has refuted recent claims that they are reducing their philanthropic efforts, affirming that their financial commitments to various social and environmental causes remain intact. Mark and Kimbra Walter have donated hundreds of milli...

Others
Neutral
4 hours ago
Ethereum breaks $2,560 resistance, eyes $2,760 and $3,000 as institutional inflows top $10B in Q3.

Ethereum breaks $2,560 resistance, eyes $2,760 and $3,000 as institutional inflows top $10B in Q3.

Ethereum price surged past its $2,550–$2,575 resistance zone on September 20, now using this level as support. The token climbed over 75% from $1,510 to $2,650 in three months, marking its second-best quarterly gain on record. Institutional ETF inflo...

Market News
Bullish
4 hours ago
Polymarket faces fraud probe amid claims it ignored $10M scam to prioritize growth.

Polymarket faces fraud probe amid claims it ignored $10M scam to prioritize growth.

Polymarket, a major player in the prediction market sector, is under investigation by the Commodity Futures Trading Commission (CFTC) after a $10 million attempted fraud was uncovered on its U.S. betting platform. The company reportedly rejected 80% ...

Market News
Bearish
4 hours ago
AI power trade hype fades despite rising earnings and worsening supply constraints in 2024.

AI power trade hype fades despite rising earnings and worsening supply constraints in 2024.

In 2024, the AI power trade, which saw surging interest in stocks of power suppliers and equipment makers, has cooled off since June despite rising earnings and positive guidance. This paradox exists because power remains a critical bottleneck for da...

Market News
Neutral
5 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App