Spacex Shares Surge 7.6%, Boosting Musk's Wealth Again
WHO:
Fast Company - Musk was appointed a co-lead of Project Meridian, a government initiative to understand the “future of warfare.”
Techmeme - Elon Musk is once again a trillionaire following the rise in SpaceX stock.
Fast Company - SpaceX, led by CEO Elon Musk, is a space and AI company.
Fast Company - Morgan Stanley analyst Adam Jonas provided insights on SpaceX's stock.
Fast Company - President Trump is mentioned in relation to Musk's recent activities.
WHAT:
Techmeme - SpaceX is seeking to raise $40 billion, including approximately $10 billion in bank loans and $30 billion in investment-grade debt, to purchase Nvidia chips, in a deal led by Apollo.
Techmeme - SpaceX stock closed up 7.63% on a recent Monday, with an additional increase of over 1.2% during premarket trading on Tuesday.
Bloomberg - NASA is close to announcing a bulk purchase of rocket launches to support its $30 billion initiative to establish a permanent base on the moon.
Fast Company - SpaceX shares rose over 18% in the last week, closing at $171.09.
Techmeme - SpaceX stock closed up 7.6% on a recent Monday.
Fast Company - The stock reached its highest level since June, surpassing its IPO day close of $160.95.
Fast Company - Musk was appointed a co-lead of Project Meridian, a government initiative.
Fast Company - Musk stated that SpaceXAI would be changing to SpaceXSI.
WHERE:
Fast Company - The crewed NASA mission was to the International Space Station (ISS).
Fast Company - Google’s Tensor processing units were launched into space.
WHEN:
Fast Company - The stock closed at $171.09 for the first time in three months.
Fast Company - Musk backed up Trump’s statement on a recent Sunday.
WHY:
Fast Company - Morgan Stanley analyst Adam Jonas stated that future AI product releases, Starship progress, and additional neocloud contracts are potential catalysts that can push SpaceX's stock closer to a $300/share price target.
Fast Company - Morgan Stanley analyst Adam Jonas stated that future AI product releases, Starship progress, and additional neocloud contracts are potential catalysts for stock growth, with a price target of $300 per share.
Fast Company - The rise in SpaceX stock is attributed to successful missions and Morgan Stanley's positive outlook.
Fast Company - Jonas mentioned that future AI product releases and Starship progress are potential catalysts for stock growth.
HOW:
Fast Company - Morgan Stanley encouraged investors to take advantage of lower SpaceX share prices before the company reaches upcoming milestones.
Fast Company - Morgan Stanley encouraged investors to take advantage of lower share prices before upcoming milestones.
(UPDATED October 6, 2026 23:59 UTC)
Musk has been appointed as a co-lead of Project Meridian, a government initiative focused on understanding the future of warfare. In related news, SpaceX is looking to raise a substantial $40 billion, which includes about $10 billion in bank loans and $30 billion in investment-grade debt, primarily to purchase Nvidia chips through a deal led by Apollo. Analyst Adam Jonas from Morgan Stanley highlighted that upcoming AI product releases, advancements with Starship, and new neocloud contracts could serve as catalysts to drive SpaceX's stock closer to a target price of $300 per share.
--
(UPDATED October 6, 2026 16:03 UTC)
Elon Musk has regained his status as a trillionaire following a significant rise in SpaceX stock, which closed up 7.63% on a recent Monday and saw an additional increase of over 1.2% during premarket trading on Tuesday. Meanwhile, NASA is on the verge of announcing a bulk purchase of rocket launches to support its ambitious $30 billion initiative aimed at establishing a permanent base on the moon. Analysts at Morgan Stanley suggest that upcoming AI product releases, advancements with Starship, and new neocloud contracts could drive SpaceX's stock to a target price of $300 per share, encouraging investors to capitalize on the current lower share prices before these milestones are reached.
--
(UPDATED October 6, 2026 15:05 UTC)
SpaceX, led by CEO Elon Musk, has seen its shares rise over 18% in the past week, closing at $171.09, which is the highest level since June and surpasses its IPO day close of $160.95. Morgan Stanley analyst Adam Jonas highlighted that this surge is driven by successful missions and a positive outlook on future AI product releases and Starship progress, encouraging investors to capitalize on lower share prices before upcoming milestones. Additionally, Musk recently backed President Trump’s statement regarding his activities and has been appointed as a co-lead of Project Meridian, a government initiative.