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SpaceX Reclaims $2 Trillion Market Cap Amid AI-Fueled Rally
SpaceX’s stock has risen quickly after falling sharply earlier in the year.
The company’s shares reached about $150 and briefly made the company worth more than $2 trillion.
Investors are excited about several parts of SpaceX’s business.
These include satellite internet through Starlink and rocket launches.
SpaceX is also spending heavily to build artificial-intelligence computing systems.
It plans to rent some of this computing power to other companies.
Google and Anthropic have signed long-term computing agreements with SpaceX.
The company still needs to keep growing for its stock to return to its post-listing high of $225.65.
SpaceX shares rose 5.45% this week to $150, briefly lifting its market value above $2 trillion.
The stock has gained 38% from its August low after losing more than $1 trillion in value through early August.
Investors are focusing on SpaceX’s AI infrastructure, Starlink, launch capabilities, Starship, and government and defense opportunities.
SpaceX reported $18.4 billion in capital spending during the June quarter, six times the amount spent a year earlier.
Google agreed to pay $920 million monthly through mid-2029 under a cloud-services agreement, while SpaceX also signed a deal with Anthropic.
- Who
- SpaceX, led by Elon Musk, and its investors.
- What
- SpaceX shares rallied, briefly restoring the company’s market capitalization above $2 trillion.
- Where
- The stock market; the article does not specify an exchange or location.
- When
- The stock gained 5.45% during the week described and rose 38% over five weeks from its August low.
- Why
- Investor optimism about AI infrastructure, Starlink, launches, Starship, and government and defense spending helped drive the rally.
Key facts
- Latest share price
- About $150
- Weekly gain
- 5.45%
- Recent recovery
- 38% from the August low over five weeks
- Briefly reclaimed market capitalization
- More than $2 trillion
- June-quarter capital expenditure
- $18.4 billion
- Google cloud-services agreement
- $920 million per month through mid-2029
- Post-listing high
- $225.65
Sources
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