$SPCXB Spacex shares rise 11% as Wall Street bets on AI ambitions
SpaceX shares jumped 11% following a major endorsement from Wall Street of its artificial intelligence capabilities, amid renewed investor enthusiasm for its expanding suite of enterprise software products.
The increase came on the back of a research note issued by Morgan Stanley, which said that public markets are sharply underestimating SpaceX’s platform for enterprise AI, alongside comments from CEO Elon Musk hinting at the launch of the company’s main model, Grok 4.7.
The market’s reaction reflects a shift in how institutional investors value SpaceX: they now see it as a fully vertically integrated tech giant that combines proprietary data, global network infrastructure, and advanced AI models—rather than just a provider of space hardware and satellites.
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SpaceX shares jumped 11% following a major endorsement from Wall Street of its artificial intelligence capabilities, amid renewed investor enthusiasm for its expanding suite of enterprise software products.
The increase came on the back of a research note issued by Morgan Stanley, which said that public markets are sharply underestimating SpaceX’s platform for enterprise AI, alongside comments from CEO Elon Musk hinting at the launch of the company’s main model, Grok 4.7.
The market’s reaction reflects a shift in how institutional investors value SpaceX: they now see it as a fully vertically integrated tech giant that combines proprietary data, global network infrastructure, and advanced AI models—rather than just a provider of space hardware and satellites.
#USJulyCPI&PPIDueThisWeek #DogecoinLeadsMajorsUpNearly3% #CFTCOrdersKalshiToKeepOperating #KOSPIRisesNearly5%TriggersBuySideSidecar #SECMayUnveilTokenizedStockExemptionAsSoonAsFriday