SpaceX Stock: 3 Major Reasons Why Elon Musk’s SPCX is Soaring 11% Today

TLDR

• SpaceX stock climbed about 9% to roughly $145.59.
• Starlink launched 24 satellites aboard a Falcon 9 rocket.
• Morgan Stanley maintained a $300 target and $600 bull case for SpaceX.
• Starlink’s subscriber base doubled over the past year.
• Grok 4.6 scored 61 on the Artificial Analysis Intelligence Index, matching GPT-5.6 Sol Max

SpaceX stock surged more than 9% on Wednesday as investors reacted to a successful Starlink launch, a bullish Morgan Stanley outlook, and the release of Grok 4.6. SPCX shares traded near $145.87, climbing from Tuesday’s close of $133.29 and moving back above the company’s $135 IPO price.

Source: KnockOutStocks

The rally comes after a volatile period for Elon Musk’s newly listed company. SpaceX went public on June 12 at $135 per share before reaching much higher levels and later falling below its offering price. Wednesday’s move puts the stock back above that key level as attention returns to Starlink growth and the company’s expanding artificial intelligence business.

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