#SpaceX shares rebound—what are investors trading now?
This SpaceX rally is more than just a sentiment recovery.
On October 5, shares closed up 7.63% at $171.09, their highest level since mid-June. They had risen 7.35% in the previous trading session, bringing the two-day gain to more than 15%. From the early-August low, the share price has rebounded nearly 58%.
Behind this rally, the market is once again trading on growth expectations tied to “aerospace + AI + satellite internet + computing infrastructure.”
Morgan Stanley has turned bullish on SpaceX again, maintaining its $300 price target and focusing on AI products, Starship progress, and new NeoCloud contracts.
The logic runs as follows:
Starship progress → increased launch capacity → expansion of satellite and space infrastructure → greater potential for AI and computing businesses → stronger commercialization expectations → a higher valuation baseline.
So SpaceX is no longer just a traditional aerospace company. The market is trying to revalue it as a super-platform.
But in the short term, this is not a risk-free bullish story.
The share price has already rebounded about 58% from its August low. At $171, it still has room to rise before reaching its 52-week high of $225.64, but after gaining more than 15% in two consecutive trading sessions, profit-taking is also likely to increase significantly.
There are three things to watch next:
How well the price holds above $171;
Whether Starship test flights and AI products continue to deliver;
Whether new contracts translate into actual revenue and commercial progress.
If upcoming catalysts continue to materialize, this rally could shift from an “oversold rebound” to a “fundamental revaluation.”
But if there are only price targets and a compelling story, without new orders, product progress, or sustained investor demand, the short-term move could more easily turn into profit-taking after a sharp run-up.
My view is that what really matters in this SpaceX rally is not how much the share price rose today, but whether the market is starting to price in the future of the space economy and AI infrastructure ahead of time.
It’s not a good idea to chase the stock just because it has surged. First, watch how it holds above the breakout level and whether fundamentals deliver.
$SPCX
This SpaceX rally is more than just a sentiment recovery.
On October 5, shares closed up 7.63% at $171.09, their highest level since mid-June. They had risen 7.35% in the previous trading session, bringing the two-day gain to more than 15%. From the early-August low, the share price has rebounded nearly 58%.
Behind this rally, the market is once again trading on growth expectations tied to “aerospace + AI + satellite internet + computing infrastructure.”
Morgan Stanley has turned bullish on SpaceX again, maintaining its $300 price target and focusing on AI products, Starship progress, and new NeoCloud contracts.
The logic runs as follows:
Starship progress → increased launch capacity → expansion of satellite and space infrastructure → greater potential for AI and computing businesses → stronger commercialization expectations → a higher valuation baseline.
So SpaceX is no longer just a traditional aerospace company. The market is trying to revalue it as a super-platform.
But in the short term, this is not a risk-free bullish story.
The share price has already rebounded about 58% from its August low. At $171, it still has room to rise before reaching its 52-week high of $225.64, but after gaining more than 15% in two consecutive trading sessions, profit-taking is also likely to increase significantly.
There are three things to watch next:
How well the price holds above $171;
Whether Starship test flights and AI products continue to deliver;
Whether new contracts translate into actual revenue and commercial progress.
If upcoming catalysts continue to materialize, this rally could shift from an “oversold rebound” to a “fundamental revaluation.”
But if there are only price targets and a compelling story, without new orders, product progress, or sustained investor demand, the short-term move could more easily turn into profit-taking after a sharp run-up.
My view is that what really matters in this SpaceX rally is not how much the share price rose today, but whether the market is starting to price in the future of the space economy and AI infrastructure ahead of time.
It’s not a good idea to chase the stock just because it has surged. First, watch how it holds above the breakout level and whether fundamentals deliver.
$SPCX