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SpaceX stock rises after debut
SpaceX's stock continued to rise sharply following its initial public offering, jumping 10% in pre-market trading today, Tuesday, after a 20% increase on Monday. This comes amid CEO Elon Musk's expectation of reaching revenues close to one trillion dollars by 2030. Despite its achievements in satellite technology, reusable rockets, and investments in artificial intelligence, some research firms have voiced concerns about the high valuation of the stock, with a recommendation to sell and a target price of $115. Others, however, see long-term growth potential ahead.
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