SpaceX stock rebounds, closing above $135 IPO price for first time in weeks
- ID
- 12701
- Status
- summarized
- Published
- 11 Aug 2026, 4:08 AM
- Fetched
- 11 Aug 2026, 4:50 AM
- Provider
- CNBC Technology
- Category
- technology
- Original URL
- https://www.cnbc.com/2026/08/10/spacex-spcx-stock-ipo-price.html
- Source URL
- https://www.cnbc.com/id/19854910/device/rss/rss.html
Summary
- Score
- 1.5
- Created
- 11 Aug 2026, 4:50 AM
- Tags
- Audience
- saas_founders
What happened
SpaceX shares rebounded to near their $135 IPO price after the company's first post-IPO earnings report beat expectations, with Q2 revenue of $7.81 billion versus $6.93 billion expected. CFO Bret Johnsen said SpaceX is on pace for $100 billion in annualized recurring revenue by year-end, which Deutsche Bank analysts called 'likely very achievable.'
Why it matters
This is a stock price and earnings story with no actionable relevance to builders, developers, or founders in the Malaysian tech community. No product, API, infrastructure, or tooling change is discussed.
Discussion angle
Only worth mentioning if someone wants to note SpaceX's Starlink infrastructure dependencies, but the article itself contains nothing technical or actionable for this audience.