SpaceX Shares Rise 11% After AI Focus; BlockDAG Outlines Early-Stage Token Sale at $0.002 in Project Materials

SpaceX has shown how a major catalyst can quickly change market sentiment. On August 11, the stock gained more than 11% in one day after a leaked all-hands meeting indicated Elon Musk expects AI revenue to surpass other SpaceX business lines, including Starlink and launch services, as early as September.

The following day, Morgan Stanley maintained an overweight rating and published a $600 price target, which would imply an $8 trillion valuation, according to the bank. The episode illustrates why early positioning can matter when a new growth driver emerges. While SpaceX had a market value near $1.8 trillion as of August 12, a much smaller, early-stage crypto project has drawn attention in project materials: BlockDAG (BDAG) Network’s Stage 1 token sale at $0.002 per token.

SpaceX’s Recent Surge Explained

SpaceX listed publicly on Nasdaq under SPCX on June 12, 2026, in what was reported as the largest IPO to date, opening at $135 per share. The stock reached an all-time high of $225.64 before falling roughly 50% in July amid market concerns about cash burn. By August 12, SPCX was trading between $134 and $149, with a market value near $1.8 trillion. It had returned to its IPO price and passed a major lockup expiry on August 6, when insiders sold more than 900 million shares without triggering an immediate market collapse.

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