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SpaceX Stock Rebounds on AI Surge | Business and Finance News
Published 2 weeks, 1 day ago
Description
SpaceX stock surges past its IPO price after a volatile ride, fueled by a blockbuster second-quarter report showing 92% revenue growth to $7.8 billion and a shrinking net loss—thanks largely to its booming AI division, now raking in $2.6 billion. With Elon Musk betting big on AI as the company’s next giant leap—valued at $26.5 trillion—investors are taking notice, though some urge caution until the market dips.
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