On June 12 of this year, Elon Musk's net worth hit $1 trillion and briefly moved to $1.1 trillion.
SpaceX SPCX stock rose 6% on Monday as investors responded to a series of disclosures showing significant institutional holdings in the company and a number of bullish analyst calls. The stock also benefited from stronger sentiment across technology and artificial intelligence stocks following reports that Anthropic generated more than $11.5 billion in second-quarter revenue, a sharp increase from a year earlier.
Harvard Management Co., the firm that manages the university's massive endowment, has a new largest stock holding.
SpaceX aka Space Exploration Technologies Corp. is poised for significant index-driven demand as its free float increases, with major ETF rebalancing expected after September 2026. Current institutional stakes in SPCX largely stem from pre-IPO investments, with notable holders like Nvidia, Alphabet, and Fidelity. Lock-up periods and staggered float releases are likely to sustain upward price pressure until early December, making SPCX attractive until mid-November.
SpaceX's (NASDAQ: SPCX) record-breaking public debut has attracted significant investor attention, and newly disclosed regulatory filings show that some of the world's wealthiest individuals are among the company's largest shareholders.
The scale of AI infrastructure spending has moved from staggering to almost incomprehensible.
Elon Musk says SpaceX may hit $1 trillion in revenue by 2030. The company will have to make huge capital expenditures for this happen.
SpaceX remains rated Sell due to excessive valuation, surging CapEx, and mounting operational risks despite strong Q2 growth. Q2 revenue rose 92% Y/Y to $7.81B, but CapEx soared to $18.37B, with AI infrastructure alone consuming $15.83B. Starlink's pricing power is eroding as ARPU fell 22% Y/Y, and Amazon's entry threatens margins and growth.
In this segment from The AI Investor Podcast, hosts Eric Bleeker and Austin Smith walk through a new portfolio addition tied directly to the SpaceX (Nasdaq: SPCX) and hyperscaler data center power buildout.
Two months after investing $1,000 in SpaceX (NASDAQ: SPCX) stock on June 15, an investor would now be holding about $714, reflecting a loss during a period marked by significant volatility following the company's historic market debut.
Shares of SpaceX (NASDAQ:SPCX | SPCX Price Prediction) are down about 4% midday Friday, trading near $137.14 after opening at $141.29.
Considering that, amidst the hype and high demand, it was rather difficult to fill SpaceX (NASDAQ: SPCX) stock orders at the initial public offering (IPO) price of $135, most of the firm's non-insider early shareholders had to wait for the June 12 morning bell.