SpaceX soars! Musk is back in the trillionaire club!
SpaceX closed up 7.63% at $171.09 on Monday, its highest level since mid-June, bringing its two-day gain to more than 15%. It has rebounded 58% since hitting a low in August and is up 27% from its $135 IPO price. Musk’s net worth surged by $30.6 billion in a single day, returning him to the trillionaire club (at approximately $1.04 trillion) and putting him about $670 billion ahead of runner-up Bezos.
🚀Catalysts: Morgan Stanley reaffirmed its “Buy” rating and $300 price target (75% upside), citing new AI product launches, progress on the Starship program, and new NeoCloud contracts. The firm specifically noted that if the next test flight manages to catch the Starship upper-stage spacecraft with the launch tower, it would be “the biggest positive catalyst since the IPO.”
💡Two pieces of the new revenue puzzle:
AI — Acquired xAI and Cursor, generating revenue by renting computing capacity to Google and Anthropic; the AI division was renamed SpaceXSI.
Defense — The Pentagon appointed Musk co-lead of the “Meridian Project.” The company has already received more than $12.7 billion from Department of Defense contracts.
📊Fundamentals: 2025 revenue was $18.67 billion (+33%), but heavy spending led to a net loss of $4.94 billion. Musk holds 82.4% of the voting rights.
⚠️ Two upcoming milestones will determine how durable the rebound is: whether the next Starship test flight can recover the upper-stage spacecraft, and the Q3 earnings report in late October.
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SpaceX closed up 7.63% at $171.09 on Monday, its highest level since mid-June, bringing its two-day gain to more than 15%. It has rebounded 58% since hitting a low in August and is up 27% from its $135 IPO price. Musk’s net worth surged by $30.6 billion in a single day, returning him to the trillionaire club (at approximately $1.04 trillion) and putting him about $670 billion ahead of runner-up Bezos.
🚀Catalysts: Morgan Stanley reaffirmed its “Buy” rating and $300 price target (75% upside), citing new AI product launches, progress on the Starship program, and new NeoCloud contracts. The firm specifically noted that if the next test flight manages to catch the Starship upper-stage spacecraft with the launch tower, it would be “the biggest positive catalyst since the IPO.”
💡Two pieces of the new revenue puzzle:
AI — Acquired xAI and Cursor, generating revenue by renting computing capacity to Google and Anthropic; the AI division was renamed SpaceXSI.
Defense — The Pentagon appointed Musk co-lead of the “Meridian Project.” The company has already received more than $12.7 billion from Department of Defense contracts.
📊Fundamentals: 2025 revenue was $18.67 billion (+33%), but heavy spending led to a net loss of $4.94 billion. Musk holds 82.4% of the voting rights.
⚠️ Two upcoming milestones will determine how durable the rebound is: whether the next Starship test flight can recover the upper-stage spacecraft, and the Q3 earnings report in late October.
#FollowForFollow# #FollowBackGuaranteed#