Movement Alert|SpaceX Rises 3.23% in Regular Trading, JPMorgan Reaffirms Overweight as AI Satellite Plans Boost Sentiment

Market Focus
Yesterday

On August 25, SpaceX rose 3.23% in regular trading, trading at $139.53/share, with turnover of $3.742 billion. The stock rebounded after previously falling below its IPO price due to a 319-million-share unlock earlier last week, driven by multiple positive catalysts.

On the news front, JPMorgan reaffirmed its Overweight rating on SpaceX with a $240 price target, citing growing confidence in Grok AI prospects. On the same day, Elon Musk announced SpaceX plans to launch its first AI satellites equipped with Nvidia Vera Rubin NVL72 chips in Q4 next year, with Nvidia confirming that SpaceXAI will deploy its Vera CPUs to accelerate agentic AI applications at scale. The company has also filed with the FCC to deploy up to one million AI-capable satellites.

Additionally, ARK Invest holds nearly 5 million SpaceX shares valued at approximately $676 million, with its flagship ARK Innovation ETF listing SpaceX as its third-largest holding at 5.8% of the portfolio. A separate disclosure revealed that President Trump purchased up to $50,000 in SpaceX stock in June.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10