SpaceX stock climbs to highest since June, returning Musk to trillionaire status
- ID
- 32032
- Status
- summarized
- Published
- 06 Oct 2026, 4:10 AM
- Fetched
- 06 Oct 2026, 4:56 AM
- Provider
- CNBC Technology
- Category
- technology
- Original URL
- https://www.cnbc.com/2026/10/05/spacex-stock-climbs-highest-since-june-returning-musk-to-trillionaire.html
- Source URL
- https://www.cnbc.com/id/19854910/device/rss/rss.html
Summary
- Score
- 2.5
- Created
- 06 Oct 2026, 4:57 AM
- Tags
- Audience
- ai_ml_learnersstartup_founders
What happened
SpaceX shares rose almost 8% on Monday to their highest level since mid-June, shortly after the company's record IPO, which pushed CEO Elon Musk back to trillionaire status. The move followed a Sunday Morgan Stanley note calling SpaceX "cheap" at current prices, recommending a buy with a $300 price target versus Monday's $171.09 close (roughly 75% upside), citing future AI product releases, Starship progress, and additional neocloud contracts. Late last week SpaceX flew multiple missions in one day, including a crewed NASA mission to the ISS and a separate launch carrying Google AI chips into orbit.
Why it matters
There is no concrete decision here for Malaysian builders, database learners, or SaaS founders: this is a stock-rating and personal-wealth story with no pricing, API, tooling, or policy change attached. The one thread worth noting is that Google AI chips were launched into orbit, but the article gives no payload specs, capacity, or commercial availability, so nothing can be acted on from this text alone. Treat it as context, not a signal to change anything.
Discussion angle
The only builder-relevant detail is Google AI chips going to orbit — ask the room whether space-based compute is a real infrastructure trend worth tracking or a headline stunt, and what specifics (power budget, downlink bandwidth, latency, cost per FLOP) they would need before believing it.