SpaceX Shares Rebound 39% From Record Low as Musk Touts AI Revenue by September
Updated
Updated · Yahoo Finance · Aug 13
SpaceX Shares Rebound 39% From Record Low as Musk Touts AI Revenue by September
3 articles · Updated · Yahoo Finance · Aug 13
Summary
$146.15 marked SpaceX's highest close since July 9 after the stock jumped 9.65% on Aug. 12, extending a 39% rebound from its Aug. 6 record low of $105.11.
Musk's comments in a leaked internal meeting recording drove the latest leg higher, with the CEO saying AI-related revenue could surpass all other company revenue sources as early as September.
The rebound also suggests investors absorbed the Aug. 6 lock-up expiration better than feared, even after 911.5 million employee and executive shares became eligible for sale.
SpaceX still trades about 41% below its mid-June peak near $226, but Wall Street's average $231.40 target implies roughly 58% upside if AI growth materializes.
That rapid recovery leaves the newly public stock exposed to short-term profit-taking, even as it has climbed back above its $135 IPO price.
As staggered insider lockups expire, will historical IPO gravity crush SpaceX's stock, or can retail enthusiasm defy market physics?
With a tiny free float and massive forced index buying looming, is SpaceX engineered for an unprecedented market squeeze?
Could SpaceX's heavy AI spending secretly transform the world's premier rocket builder into an unexpected artificial intelligence infrastructure giant?