On August 11, SpaceX rose 3.11% in regular trading, trading at $137.15/share, with turnover of approximately $18.996 billion. The stock extended its strong rebound following the first lock-up period expiration last week, which saw no significant insider selling pressure contrary to Wall Street expectations.

Multiple catalysts continue to underpin the rally. Research firm SemiAnalysis published analysis indicating SpaceX could build approximately 10GW of AI data center capacity by end of 2027, with annualized inference revenue potentially reaching $300 billion. Additionally, SpaceX's $60 billion acquisition of coding company Cursor is expected to close as early as this week, with employees merging into the xAI team. Morgan Stanley maintained an Overweight rating with a $300 target price for mid-next year, while ARK Invest views the post-earnings selloff as short-term, citing a $28.5 trillion total addressable market.

Notably, retail investors turned net sellers for the first time since the June IPO last Friday, offloading a net $4.5 million in stock, though institutional buyers including ARK Invest and BlackRock have continued to accumulate positions.

(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.)