US Stock Market Move | SpaceX (SPCX.US) rose over 5% as Musk estimates AI revenue will surpass Starlink.
On Monday, SpaceX (SPCX.US) rose by over 5%, closing at $147.90, with a total market value approaching $2 trillion.
On Monday, SpaceX (SPCX.US) rose more than 5% to $147.90, with a total market value nearing $2 trillion. Reports indicate that the market is reevaluating SpaceX's worth, with its AI business becoming a central narrative. The companys revenue in the second quarter of 2026 is expected to soar 92% year-on-year to $7.8 billion, with AI business revenue skyrocketing 247% to $2.56 billion. CEO Musk anticipates that AI-related revenue will soon surpass its core Starlink communications business.
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