SpaceX Stock Adds $500 Billion for an AI Unit That Lost $1.26 Billion

SpaceX (SPCX) stock rose 12% on Wednesday to $149.29. That is a 36% gain in five sessions and more than $500 billion in new market value.

The trigger was software, not rockets. SpaceXAI, the company's artificial intelligence (AI) arm, shipped Grok 4.6. That division lost $1.26 billion last quarter.

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Elon Musk Says Grok 4.7 Will Beat Anthropic

Chief Executive Elon Musk put Grok 4.7 three to four weeks out. Training is done and SpaceX company data goes in next, he said. He first floated that plan in July.

"Grok 4.7 will exceed all current models. That said, Anthropic is a great company and will probably release improved models soon. However, the SpaceX training corpus is so awesome & unique that I would be shocked if any model is better at real-world engineering than 4.7," Musk wrote on Wednesday.

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