$SpaceX(SPCX.US)🚀 SpaceX Jumps 8.62%- Is the Sell‑Off Finally Over?SpaceX rose 8.62 % to US$134.15, bouncing back stron…
$SpaceX(SPCX.US)
🚀 SpaceX Jumps 8.62%- Is the Sell‑Off Finally Over?
SpaceX rose 8.62 % to US$134.15, bouncing back strongly after a sharp drop. What is driving the recovery?
The main trigger seems to be a broader rebound in tech and AI stocks rather than any major company news.
Here are key developments to watch:
🔹 Ambitious Growth Outlook:
Elon Musk shared a bold vision. He sees SpaceX hitting over US$500 billion in annual recurring revenue by December 2027.
The company is also rapidly expanding its AI solutions and infrastructure business.
🔹 Shifting Revenue Mix:
Commercial activity is growing while government‑related revenue is expected to decline. Deutsche Bank keeps a Buy rating and US$250 price target.
🔹 Risks Remain:
Political uncertainty, potential data‑centre restrictions and massive AI infrastructure spending could weigh on profits.
🔹 Technical View:
RSI climbed to 43.42 but sits below 50. The broader downtrend has not yet reversed. US$150 is the next key level to watch. A clear break above it would signal improving momentum.
SpaceX has an exciting story but big ambitions do not always mean good value at any price.
Is this the start of a fresh rally or just a relief bounce?
Any comment, let’s discuss👇
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