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Last updated: 2026-10-06 00:00:28 ET
Pulse AI Brief
Updated Oct 5, 2026 11:17 PM ET
SpaceX shares have climbed to their highest level since June, bouncing nearly 60% from August lows, driven by momentum in the company's AI business and Starship progress. Valuation metrics show the company trades cheaper than Meta and Alphabet when measured against operating profit, suggesting further upside potential.
The rally has restored Elon Musk's net worth to trillionaire territory. SpaceX's revaluation signals investor confidence in both its core launch business and emerging AI infrastructure plays, with implications for private space equity and defense contractor valuations.
SpaceX's resurgence reflects broader investor appetite for AI-adjacent assets and the company's strategic positioning in satellite internet and government contracts. The valuation reset underscores how quickly market sentiment can shift toward growth-stage private companies with tangible revenue.
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