SpaceX shares experienced a notable recovery, reaching around USD 136.20 in pre-market trading this Monday, surpassing the IPO price of 135 dollars for the first time since early August.
This advance of nearly 2.3% compared to Friday’s close reflects the impact of several positive factors, among which stand out an upgrade in rating by analysts, the absence of a massive sell-off of shares by insiders, and the announcement of a multi-million dollar joint investment with Tesla in the development of semiconductors in Texas.
Despite recent volatility, the company maintains the interest of retail investors, especially due to its projects linked to artificial intelligence, although questions persist regarding the sustainability of its growth and the reaction to new macroeconomic data.
On its first day on the market, the stock opened at 150 dollars and reached an intraday high of 225.64 dollars four days later.
SpaceX stock market recovery after the fall
SpaceX‘s stock price managed to surpass the $135 level set as its IPO price on June 12, following a period in which the stock suffered a marked correction after its debut.
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On its first day on the market, the stock opened at 150 dollars and reached an intraday high of 225.64 dollars four days later, before beginning a downward trend that brought the price down to a low of 108.27 dollars.
During the last week, the stock showed positive behavior, closing on Friday at 133.11 dollars. This value represented a weekly gain of 22.8% compared to the low recorded on July 31, when the stock closed at 108.37 dollars. Friday provided the largest daily jump since its stock market debut, with a rise of 15.83%.
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SpaceX’s valuation managed to exceed the $135 level set as the IPO price on June 12th.
The recovery was driven by three main factors. First, Argus Research upgraded SpaceX to “Buy” and set a price target of 160 dollars, which implies a potential upside of approximately 17% from pre-market levels this Monday.
Secondly, the dreaded wave of insider stock sales, following the availability for sale of 911.5 million shares on August 6, did not materialize as many anticipated. Between Thursday and Friday, approximately 497 million shares were traded, that is, 54.6% of the unlocked block, but the value held firm and rose 6% on Thursday.
The third element was the joint announcement by SpaceX and Tesla regarding the construction of the “Terafab” semiconductor complex in Grimes County, Texas. With an initial investment of 16.8 billion dollars and the potential to reach 119 billion over several stages, this initiative was reported by TechCrunch and marks a milestone in the American industrial and technological sector
The third element was the joint announcement by SpaceX and Tesla regarding the construction of the “Terafab” semiconductor complex in Grimes County, Texas. REUTERS/Dado Ruvic
Impact of the Terafab plant in Texas and its role in SpaceX’s strategy
The construction of Terafab is projected with an annual capacity of one terawatt of computing and anticipates the creation of at least 3,000 jobs. This new plant represents a strategic shift in SpaceX’s narrative, which is now perceived by retail investors as a transformative company in the field of AI, beyond its traditional activities in space exploration.
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Vanda Research pointed out that retail investors maintain the view of SpaceX as a story linked to artificial intelligence, differentiating it from other companies in the aerospace and interplanetary travel sector.
This shift in perception has sustained the demand for shares, especially following the news of the new plant and the potential it represents for the development of high-scale technological capabilities.
In the earnings presentation, Elon Musk stated: “we are building AI compute capacity at scale faster than anyone else.
Financial results and challenges of AI investment
The latest quarterly report presented by SpaceX on August 4th showed revenue of 7.814 billion dollars, which represents a 92% year-over-year growth and exceeded Wall Street estimates. Additionally, Starlink, the company’s satellite internet service, reached the figure of 12 million active subscribers.
However, the artificial intelligence-oriented strategy involves significant financial challenges. During the second quarter of 2026, capital investments dedicated to artificial intelligence reached 15.83 billion dollars, bringing total capital expenditure to 18.4 billion in the period. This figure raised doubts among analysts specializing in short-term cash generation, who focused on the sustainability of these outlays.
In the earnings presentation, Elon Musk stated: “we are building AI compute capacity faster than anyone, we think, and we are significantly improving our AI models”.
Although SpaceX managed to exceed its IPO price, volatility seems far from dissipating. Carolane de Palmas, a market analyst at ActivTrades, considered that “even without massive sell-offs, the increase in available shares will likely keep volatility elevated.” It should be noted that this statement was reported by Ámbito.
