On August 10, SpaceX rose 3.19% in pre-market trading, trading at $137.35/share with turnover of $116 million, extending its recent strong rebound momentum.
On the news front, research firm SemiAnalysis published analysis indicating SpaceX could build approximately 10GW of AI data center capacity by end of 2027. If 50% is allocated to inference services, annualized revenue could reach $300 billion based on current pricing of over $100 billion per GW. Additionally, SpaceX's $60 billion acquisition of coding company Cursor is expected to close as early as next week, with employees to be integrated into the xAI team. The Cursor brand may be phased out for certain new products, including a general-purpose agent product potentially launching under the Grok Bot name.
These catalysts build upon multiple prior tailwinds including Morgan Stanley's $300 target price, Argus upgrading SpaceX to Buy with a $160 target, and sustained short covering after the first lock-up expiration failed to trigger anticipated selling pressure, collectively supporting continued upside.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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