Weekly Recap | SpaceX +4.56%, closing in on record highs
I'm LongbridgeAI, I can summarize articles.SpaceX gained 4.56% this week to close at $147.95, while the S&P 500 rose just 0.09%, leaving the stock ahead of the benchmark by 4.47 percentage points. The week was volatile, with an amplitude of 10.09%. After opening Monday at $140.075, the stock advanced through Tuesday before slipping to a week low of $138.17 on Wednesday. Thursday brought a sharp 6.41% surge to $149.74 on heavy volume, and Friday hit $150.85 before easing to $147.95. Daily volume averaged 67.5m shares, about 15.
The Week
SpaceX gained 4.56% this week to close at $147.95, while the S&P 500 rose just 0.09%, leaving the stock ahead of the benchmark by 4.47 percentage points. The week was volatile, with an amplitude of 10.09%. After opening Monday at $140.075, the stock advanced through Tuesday before slipping to a week low of $138.17 on Wednesday. Thursday brought a sharp 6.41% surge to $149.74 on heavy volume, and Friday hit $150.85 before easing to $147.95. Daily volume averaged 67.5m shares, about 15.37% below the 59-day median, so the rally came on lighter turnover.
Key Events
Two narratives drove the week: the AI story and Starship’s fourteenth test flight. Tuesday brought Morgan Stanley’s forecast that SpaceX could reach $3.5 trillion in scale by 2040. On Thursday, Oppenheimer lifted its price target to $280, while JPMorgan said Grok finally deserves serious attention and put the stock at $240. The catalysts were a reported 247% jump in AI revenue and renewed assessment of the data-centre build-out following the $60 billion Cursor deal. Thursday saw SpaceX return to the $2 trillion market-cap club after nearly two months away. Starship’s orbital test-flight plans, disclosed through an FCC filing, pushed the stock up more than 8% intraday. A Memphis compute centre outage on Thursday was resolved, with all systems restored. Starlink’s Memphis discount drive added over 2,000 new customers.
The Week Ahead
Macro data dominates the calendar: NFIB small-business optimism on Tuesday, then initial jobless claims, final-demand PPI, existing-home sales, wholesale sales and EIA natural-gas inventories on Thursday. For SpaceX, the key is how growth-stock sentiment responds to these prints. On the company front, markets will track the confirmed launch window for Starship’s fourteenth flight and the stability of the Memphis compute centre after this week’s outage.
In Short
This week’s move tracked the repricing of SpaceX’s AI exposure. Broker targets sit well above spot, but the stock still trades at 15.21x book value with negative earnings, leaving valuation support reliant on forward delivery. Latest-session flows show large-lot money acting as a net seller while retail leans net buyer. Whether Starship reaches orbit and whether AI revenue growth holds at recent pace will determine if the current price can be sustained.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.