Jim Cramer offered a short answer for what to do about Tesla on Monday night, and the direction of the deal he suggested is the interesting part.
SpaceX (SPCX) stock slipped nearly 3% early Tuesday, extending a roughly 2% decline on Monday. Shares were trading around $144, close to the level of their $150 debut price.
SPCX is betting on compute renting to drive growth, backed by a $13B annualized hosting deal and plans to expand capacity beyond 2 GW by year-end.
After Elon Musk reiterated his belief that SpaceX (NASDAQ: SPCX) would launch the very first Nvidia (NASDAQ: NVDA) Vera Rubin chips into orbit already in 2027, Finbold consulted ChatGPT about what such a milestone would mean for the price of SPCX shares.
China's Foreign Ministry responded to AI CEOs' call for the development of the technology to be slowed down. "Fear-mongering, confrontation, competition will just disrupt [the] process of global AI governance," Guo Jiakun, a spokesperson for China's Foreign Ministry, said on Monday via an English translation published by Reuters.
SpaceX (SPCX) had a volatile IPO launch, and there's still more Big Tech IPOs hitting public markets through OpenAI and Anthropic. Willy Lee says there's enough AI demand to go around, the winner will just come down to who can use the evolving technology more efficiently.
The stock is down more than 7% so far this year, but up from its IPO price. SpaceX's 180-day lockout period ends in the fourth quarter.
SpaceX (NASDAQ: SPCX) shares have delivered a modest gain for early public investors three months after the company's historic debut.
SpaceX NASDAQ: SPCX CFO Bret Johnsen outlined the company's strategy across reusable launch systems, satellite connectivity and artificial intelligence infrastructure, emphasizing vertical integration as a central operating principle.
SpaceX (SPCX) stock rose more than 1% on Friday to around $149 after initially slipping, extending its recovery from this week's decline as investors digested another major artificial intelligence compute agreement. The latest contract could add $1.11 billion in monthly revenue beginning December 1, according to CFO Bret Johnsen, who disclosed the agreement at Goldman Sachs' Communacopia + Technology Conference.
VZ's 5G, broadband and fiber growth, stronger price performance and cheaper valuation make it better placed than SPCX despite slower 2026 sales growth.
Britain just went on the record as the first foreign government to confirm it uses SpaceX's classified military satellite network, and that admission quietly unlocks a question every defense ministry has been watching: who signs the next contract?