SpaceX (SPCX): Did Elon Musk Just Give Biggest Buy Signal Yet?
After a sluggish first month for the stock on Wall Street, Elon Musk’s SpaceX (SPCX) has seen its stock value climb 16% in the last 30 days. The company’s first earnings report helped spark the recent rally and led to several firms on The Street raising their price forecasts for SPXC stock. However, the company’s mastermind, Elon Musk, may have just given a hint that could serve as the biggest buy signal for the stock yet, even after its latest 1-month surge.
Indeed, SpaceX CEO Elon Musk says he believes the space economy will be “much bigger” than $1.8 trillion by 2035. In a response to another user on X Tuesday that suggested a “Second Space Age” is imminent, Musk implied that this one will be much bigger. Following up on that post, Musk also agreed with another user that said the space economy should probably be thought of as an order of magnitude greater (or two) than it currently is. This is in large part because it will be absolutely necessary for the continued scaling of AI compute and power.
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