đš TODAY: SpaceX just added roughly $530 BILLION in market value in five trading days, and Wall Street is scrambling to explain the reversal.
SPCX closed Wednesday at $146.15, up nearly 10% on the day alone. That's a 40% ripper off the $104.83 all-time low the stock printed just days earlier, at the start of August.
Here's what makes this wild: five sessions ago, SpaceX was the story of a busted IPO. Shares had cratered roughly 50% from their debut highs. Now the stock is trading back above its original IPO price, and short sellers are getting run over.
The trigger everyone feared didn't happen. On August 6, roughly 911.5 million shares, close to $100 billion in insider stock, became sellable for the first time since the IPO. The flood of selling that traders braced for never came. Insiders held.
Instead, buyers showed up. Big ones. Nvidia, Alphabet, and AMD have all disclosed stakes. Saudi Arabia's Public Investment Fund boosted its position by 154 million shares. Australia's richest person, mining billionaire Gina Rinehart, made a $1.37 billion bet. Harvard disclosed a $2.2 billion holding.
The bull case driving it: accelerating AI revenue and improving returns on AI infrastructure spend, following SpaceX's move into AI compute through its Grok and Colossus data center assets.
On a fully diluted basis across all share classes, SpaceX's total valuation now sits north of $2.2 trillion.
Another share unlock is scheduled for August 20. All eyes are on whether this rally holds.
#SpaceX #SPCX #ElonMusk #StockMarket #AI $SPCX
SPCX closed Wednesday at $146.15, up nearly 10% on the day alone. That's a 40% ripper off the $104.83 all-time low the stock printed just days earlier, at the start of August.
Here's what makes this wild: five sessions ago, SpaceX was the story of a busted IPO. Shares had cratered roughly 50% from their debut highs. Now the stock is trading back above its original IPO price, and short sellers are getting run over.
The trigger everyone feared didn't happen. On August 6, roughly 911.5 million shares, close to $100 billion in insider stock, became sellable for the first time since the IPO. The flood of selling that traders braced for never came. Insiders held.
Instead, buyers showed up. Big ones. Nvidia, Alphabet, and AMD have all disclosed stakes. Saudi Arabia's Public Investment Fund boosted its position by 154 million shares. Australia's richest person, mining billionaire Gina Rinehart, made a $1.37 billion bet. Harvard disclosed a $2.2 billion holding.
The bull case driving it: accelerating AI revenue and improving returns on AI infrastructure spend, following SpaceX's move into AI compute through its Grok and Colossus data center assets.
On a fully diluted basis across all share classes, SpaceX's total valuation now sits north of $2.2 trillion.
Another share unlock is scheduled for August 20. All eyes are on whether this rally holds.
#SpaceX #SPCX #ElonMusk #StockMarket #AI $SPCX