SpaceX stock climbs again, hits another multimonth closing high

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1. 1h ago

   SpaceX Stock Climbs Again and Hits Multimonth Closing High

   SpaceX shares pushed higher on Tuesday, building on a strong Monday rally and continuing a recovery that has lifted the stock nearly 60 percent off its early August low. The latest gains brought the stock to its highest level since June, matching the period when the company first went public. This upward momentum has restored Elon Musk to trillionaire status. Analysts attribute the recent surge to progress with the Starship program, the company's artificial intelligence business, and positive sentiment from major financial institutions.

   Why it matters

   The recent stock recovery follows a post-IPO slump that temporarily dented the company's market valuation. Strong analyst backing has helped reignite investor interest as the spaceflight firm capitalizes on its technology and commercial ventures. Despite the positive market movement, options pricing indicates traders remain cautious about long-term explosive growth, pricing less than a 50 percent chance the stock reaches specific higher thresholds by next July.

   What is confirmed

   • SpaceX shares have bounced almost 60% off their low in early August.
   • The recent stock climb has returned Elon Musk to trillionaire status.
   • SpaceX stock climbed higher on Tuesday, continuing a run that started with a boost on Monday.
   • The gains brought the stock to its highest level since June, the month the company first went public.

   Still unconfirmed

   • Morgan Stanley stated the stock is cheap and getting cheaper.
   • Traders are assigning less than a 50% chance SpaceX touches $225 at any point between now and July, according to options pricing.

   What to watch next

   • Whether the stock sustains its momentum toward June post-IPO valuation levels
   • Further trading behavior following recent analyst notes regarding valuation
   • Options market movement as traders evaluate targets through July
   Sources used for this update (16)

   1. ir.spacex.com — SpaceX - Stock Information
   2. www.cnbc.com — SpaceX stock climbs to highest since June, returning Musk to trillionaire status
   3. Bloomberg.com — Musk Is a Trillionaire Again as SpaceX Claws Back Post-IPO Slump
   4. Investopedia — SpaceX Stock Surges as Morgan Stanley Says Stock ‘Cheap and Getting Cheaper’
   5. MarketWatch — Elon Musk is a trillionaire again. Here’s how his wealth stacks up against national economies.
   6. CNBC — SpaceX stock is taking off again, but with one key difference this time
   7. Fortune — Elon Musk is a trillionaire again—and he'd still be the richest person on the planet even if he gave everyone $90
   8. Barron's — SpaceX Stock Keeps Getting ‘Cheaper and Cheaper’
   9. Yahoo Finance — SpaceX stock climbs higher, poised for another multimonth closing high
   10. Business Insider — Millions of people and dozens of countries rely on Starlink, giving Elon Musk unprecedented leverage
   11. Yahoo Finance — SpaceX stock climbs again, hits another multimonth closing high
   12. Seeking Alpha — SpaceX: 10 GW Could Change The Entire Story (NASDAQ:SPCX)
   confidence 90%