SpaceX stock climbs higher, poised for another multimonth closing high
SpaceX shares are climbing higher toward another multimonth closing high, rebounding almost 60% from their early August low. The latest rally pushed the stock to its highest level since June, when the spaceflight company first went public. The surge returned Elon Musk to trillionaire status. Analysts attribute the gains to progress with Starship, the company's artificial intelligence business, and neocloud growth opportunities. Morgan Stanley analyst Adam Jonas stated that the stock is cheap and getting cheaper.
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- ✓ SpaceX shares have bounced almost 60% off their low in early August.
- ✓ The stock climbed to its highest level since June, when the company first went public.
- ✓ Morgan Stanley analyst Adam Jonas cited Starship, artificial intelligence, and neocloud growth opportunities as drivers for the surge.
- ✓ Millions of people and dozens of countries rely on Starlink.
What changed
Traders are assigning less than a 50% chance that SpaceX stock touches $225 at any point between now and July, according to recent options pricing.
Live updates
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SpaceX Stock Climbs Higher to Highest Level Since June
SpaceX shares are climbing higher toward another multimonth closing high, rebounding almost 60% from their early August low. The latest rally pushed the stock to its highest level since June, when the spaceflight company first went public. The surge returned Elon Musk to trillionaire status. Analysts attribute the gains to progress with Starship, the company's artificial intelligence business, and neocloud growth opportunities. Morgan Stanley analyst Adam Jonas stated that the stock is cheap and getting cheaper.
Why it matters
The recent stock surge highlights the growing commercial valuation of Elon Musk's spaceflight venture. Millions of people and dozens of countries now rely on the Starlink network, providing unprecedented leverage. Market participants are monitoring whether the upward momentum will continue as shares approach their initial public offering levels.
What is confirmed
- SpaceX shares have bounced almost 60% off their low in early August.
- The stock climbed to its highest level since June, when the company first went public.
- Morgan Stanley analyst Adam Jonas cited Starship, artificial intelligence, and neocloud growth opportunities as drivers for the surge.
- Millions of people and dozens of countries rely on Starlink.
Still unconfirmed
- 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
- Monitor whether SpaceX shares surpass their June post-IPO closing highs.
- Track upcoming developments related to Starship and the company's artificial intelligence business.
confidence 100%Sources used for this update (10)
- www.cnbc.com — SpaceX stock climbs to highest since June, returning Musk to trillionaire status
- Investopedia — SpaceX Stock Surges as Morgan Stanley Says Stock ‘Cheap and Getting Cheaper’
- Yahoo Finance — SpaceX stock climbs higher, poised for another multimonth closing high
- Business Insider — Millions of people and dozens of countries rely on Starlink, giving Elon Musk unprecedented leverage
- Yahoo Finance — SpaceX stock climbs again, hits another multimonth closing high
- Seeking Alpha — SpaceX: 10 GW Could Change The Entire Story (NASDAQ:SPCX)
- finance.yahoo.com — SpaceX stock climbs again, hits another multimonth closing high
- www.cnbc.com — SpaceX stock is taking off again, but with one key difference this time
- finance.yahoo.com — SpaceX stock is on the rise again: What’s behind the rocket ...
- thegadgetscentral.com — Shocking SPCX Stock Price Rally Hits Multimonth High
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