SpaceX surged back above its IPO price, also buoyed by a neocloud rally.
SpaceX beat Q2 forecasts ($7.81B) targeting $100B ARR via neocloud and Cursor AI acquisition. Tech leadership now views space-based cloud and AI coding tools as core infrastructure plays—reshaping enterprise compute decisions and long-term vendor strategy.
SpaceX eyes its third straight gain, set to move above its 135 listing price.
SpaceX reported better-than-expected revenue in its second-quarter earnings report last week.
SpaceX rebounded above $135 IPO price in August after July's 20% drop, as 911M post-lockup shares flooded markets. The $1 trillion swing reveals how supply shocks override fundamentals in mega-cap IPOs—material for infrastructure M&A and investment planning.
SpaceX shares rebound above $135 IPO price after a brutal post-IPO selloff and lockup expiration that unlocked up to 911 million shares for
SpaceX rose nearly 30% over the prior three sessions.
