RESOLVING THE LEDGER
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Space Exploration Technologies (NASDAQ:SPCX) , a rocket launch, spacecraft manufacturing, and satellite broadband services provider, closed at $133.11, up 15.83%. The stock rose after lockup fears eased, analysts turned more positive, and the company provided an update on its joint Terafab plans with Tesla . Trading volume reached 236.7M shares, coming in about 91% above its three-month average of 124.0M shares. Space Exploration Technologies IPO'd in 2026 and has fallen 17% since going public.
The S&P 500 (SNPINDEX:^GSPC) rose 0.59% to 7,756, while the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 1.28% to 26,686. Among aerospace and defense, launch services, and satellite communications peers, Rocket Lab (NASDAQ:RKLB) closed at $82.83, up 9.46%, and AST SpaceMobile (NASDAQ:ASTS) closed at $71.94, up 6.80%, as launch and satellite-growth names stayed in focus.
Much like yesterday, it’s hard to pinpoint exactly what is sending SpaceX shares rocketing higher today, but it is likely a blend of:
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