SpaceX Stock Price Rallies 11% After Elon Musk Boosts AI Revenue Optimism
Key Insights
- SpaceX stock price rose 11.46% to $148.30, bringing the shares close to the key $150.
- Elon Musk expects AI revenue to surpass every other SpaceX revenue.
- Nick Huber forecasts SPCX stock could fall to $25.
SpaceX stock price rose sharply after Elon Musk gave employees a stronger outlook for artificial intelligence revenue. Shares gained 11.46% to $148.30 after opening at $135.04. They reached $148.91 and traded as low as $134.01.
The move pushed SPCX stock near the $150 resistance level. It also extended the stockโs five-session gain to almost 40%. Muskโs comments came as the stock rebounded from an earlier decline that followed its first-ever earnings release.
SpaceX Stock Price Focus Shifts to AI Revenue
Musk told employees that AI revenue could exceed every other SpaceX revenue category in September 2026. Moreover, he expects AI revenue to significantly surpass other space revenue during the fourth quarter.
He also described AI development as important across both hardware and software operations. Musk also described AI and robots as central to SpaceXโs long-term future.
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