SpaceX Soars 13% on Analyst AI Spending Upgrade

SPCX closed at $133.11 on August 7, 2026, up 15.83% from the prior close of $114.92.

Executive Summary

SPCX staged a sharp one-day recovery, closing at $133.11 after opening at $114.965 and trading as high as $133.48. The move followed an Argus Research upgrade to Buy with a $160 price target, which cited the pace of AI spending payback as cloud contracts and AI revenue accelerate. That call landed alongside SpaceX's own Q2 disclosures, reported as $14.1 billion in cloud contracts signed in a single quarter and AI segment revenue of $2.56 billion, up sharply year over year, even as the AI segment continues to operate at a loss against heavy capital expenditure. Coverage during the session also pointed to a reported roughly $60 billion SpaceX agreement to acquire coding startup Cursor, and to the stock's first major share-unlock event, described in one headline as the company surviving its "first massive float expansion."

The session's volume of 218,872,498 shares came in below the prior session's 255,231,584 but remained well above the year-to-date average of 94,716,456, indicating the rally was driven by materially elevated participation even if not a record day for turnover. The close near the top of the day's range signals buyers were in control into the bell.

News

1. SpaceX Soars 13% After Analyst Upgrade Says AI Spending Could Pay Back in Under a Year

SpaceX shares surged 11% after an Argus upgrade highlighted rapid AI investment payback as cloud contracts and AI revenue accelerate. (Benzinga, Aug 7, 3:42 PM ET)

2. Natera, Doximity, PubMatic, Airbnb And Other Big Stocks Moving Higher On Friday

U.S. stocks rose, Nasdaq Composite up 1%. Natera Inc (NTRA) shares jump 20.5% after strong Q2 results and raised FY26 sales guidance. Other big gains include DOCS, QNST, TEAM, CRSR, OABI, PUBM, TWLO, BTG, and ROAD. (Benzinga, Aug 7, 3:35 PM ET)

3. Why Rocket Lab Stock Took Flight on Friday

Rocket Lab stock surged 8.19% on Friday following the announcement of its 13th successful Electron rocket launch in 2026, deploying a satellite for customer iQPS. The launch marks the 92nd Electron mission as the company pursues becoming an end-to-end space company. The stock gain comes days after Rocket Lab secured a $397 million U.S. Space Force contract for advanced satellite development and operations. (The Motley Fool, Aug 7, 3:22 PM ET)

4. 'Cursor Maps Out Branding, Other Changes As SpaceX Acquisition Nears; Cursor Will Consolidate Teams With SpaceXAI; SpaceX Could Complete Its $60 Billion Acquisition Of The Coding Startup As Soon As The End Of Next Week' - The Information

(Benzinga, Aug 7, 3:20 PM ET)

5. SpaceX CEO Elon Musk Posts On X "Unfortunately, ship recovery is not looking good right now. Nonetheless, we were able to obtain close-up photos of critical regions of the heat shield and engines for future upgrades."

(Benzinga, Aug 7, 2:43 PM ET)

6. SpaceX Posts On X "The SpaceX Recovery team is still working to recover Flight 13’s Starship from the Indian Ocean. They’ve been overcoming challenging conditions and increasingly rough seas as they attempt to guide the 52m long spacecraft to port"

(Benzinga, Aug 7, 2:02 PM ET)

7. Stripe, Databricks And Anduril Top PitchBook's Next Big Secondary Trades

OpenAI and Anthropic may still dominate the venture secondary market but a new group is emerging as the next major source of investor demand. (Benzinga, Aug 7, 1:59 PM ET)

8. Chinese Buying Lifts Gold And Silver From Technical Support; Jobs Report Shocker And Iran Hopium Trigger Aggressive Stock Buying

Shocking Jobs Report

Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

The chart (Benzinga, Aug 7, 1:48 PM ET)

Price Action

Metric	Value
Open	$114.965
High	$133.48
Low	$114.53
Close	$133.11
Change vs prior close	+15.83% ($114.92 → $133.11)
Volume	218,872,498
Intraday range	$114.53 – $133.48 ($18.95)
Close vs IPO offer price ($135.00)	-1.40%

SPCX opened at $114.965, just above the prior close of $114.92, then ran through the session to a high of $133.48 before settling at $133.11, a gain of 15.83% on the day. The $18.95 intraday range was one of the widest single-session moves in the stock's short trading history. Volume of 218,872,498 shares was below the prior session's 255,231,584 but roughly double the 94,716,456 average recorded to date, consistent with a heavy-participation breakout day rather than a low-conviction drift higher. Measured against the $135.00 IPO offer price, the close of $133.11 remains 1.40% below where the stock was originally priced in June, and it sits 17.30% below the $160.95 first-day close.

The one-line takeaway: SPCX posted its largest single-day advance in weeks on above-average volume, closing near the session high but still just short of both the day's peak and the IPO offer price.

Technicals

SPCX has been public since June 12, 2026, roughly eight weeks of trading. The 20-day simple moving average and 14-day RSI shown below are computed from the available history, but a sample this short does not carry the same statistical weight as it would for a seasoned issue, and the 50-day and 200-day moving averages are not yet available at all. Treat the readings below as directional context, not settled technical signals.

Trend

The daily close history shows SPCX peaked at $201.80 on June 16, then spent late June through late July in a steady downtrend, closing as low as $108.37 on July 31 and $108.27 on August 5. The prior two sessions reversed that slide: the close moved from $108.27 (August 5) to $114.92 (August 6) to $133.11 (August 7). Today's close sits above every short-term moving average in the data set — SMA-5 at $119.23, EMA-5 at $120.67, SMA-10 at $115.92, and SMA-20 at $120.84 — meaning the two-session bounce has pushed price decisively through its recent short-term trend measures. SMA-50 and SMA-200 are not yet available given the stock's limited trading history.

Candle read

The session produced a body of $18.15 within a total range of $18.95, with an upper wick of just $0.37 and a lower wick of $0.44. The close-location value of 0.98 confirms the close landed almost exactly at the top of the day's range. That combination — a large body, minimal wicks on either end, and a close near the high — describes a strong, largely one-directional bullish session with little intraday rejection at the highs.

Support levels

• $114.92 — prior session close, now well below the current price
• $114.53 — the day's low and session open area near $114.965
• $115.92 — SMA-10
• $119.23 to $120.84 — the SMA-5, EMA-5, and SMA-20 cluster, now sitting below price after today's move
• $123.99 to $131.11 — prior closes from July 16–17 that mark the lower end of the stock's recent trading zone

Resistance levels

• $133.48 — today's intraday high
• $135.00 — the IPO offer price, just above today's close
• $135.27 to $139.14 — the cluster of closes from July 13–15 as the stock previously traded through this zone on its way down

Momentum interpretation

Bull scenario: SPCX holds above the SMA-5/EMA-5/SMA-20 cluster near $119–$121 and above the $114.53–$114.92 support band, then clears the session high of $133.48 and pushes into the $135.00–$139.14 zone marked by the IPO offer price and the mid-July closes.

Bear scenario: SPCX fails to hold the $133.48 high and the $135.00 offer-price level on a retest, then gives back today's gain by breaking below the SMA-5/SMA-10 support near $115.92–$119.23 and retesting the $114.53–$114.92 area, which would undercut today's breakout.

Neutral scenario: price consolidates between the SMA-20 area near $120.84 and today's high of $133.48, digesting the session's gain without a decisive break in either direction.

Trading Takeaway

SPCX's advance to $133.11 was driven by a specific catalyst set — an analyst upgrade tied to AI-spending payback expectations, disclosed Q2 cloud-contract and AI-revenue figures, and reported acquisition news — landing on a stock that had been in a seven-week downtrend from its June highs. The close above all available short-term moving averages, combined with a wide-range, small-wick candle closing near the highs, indicates the bounce had real conviction on above-average volume, even though volume came in below the prior session. For the next session, the levels to watch are the $133.48 intraday high and the $135.00 IPO offer price as resistance on the upside, and the $114.53–$114.92 zone (today's low and the prior close) as the level that would need to hold to keep today's reversal intact on the downside.

Sources

1. SpaceX Soars 13% After Analyst Upgrade Says AI Spending Could Pay Back in Under a Year — Benzinga — https://www.benzinga.com/markets/prediction-markets/26/08/61055247/spacex-stock-argus-upgrade-ai-spending
2. Natera, Doximity, PubMatic, Airbnb And Other Big Stocks Moving Higher On Friday — Benzinga — https://www.benzinga.com/news/26/08/61054853/natera-doximity-pubmatic-airbnb-and-other-big-stocks-moving-higher-on-friday
3. Why Rocket Lab Stock Took Flight on Friday — The Motley Fool — https://www.fool.com/investing/2026/08/07/why-rocket-lab-stock-took-flight-on-friday/?source=iedfolrf0000001
4. Cursor Maps Out Branding, Other Changes As SpaceX Acquisition Nears — Benzinga — https://www.benzinga.com/m/26/08/61054302/cursor-maps-out-branding-other-changes-spacex-acquisition-nears-cursor-will-consolidate-teams-spacex
5. SpaceX CEO Elon Musk Posts On X regarding ship recovery — Benzinga — https://www.benzinga.com/news/26/08/61053086/spacex-ceo-elon-musk-posts-x-unfortunately-ship-recovery-not-looking-good-right-now-nonetheless-we-w
6. SpaceX Posts On X regarding Flight 13 Starship recovery — Benzinga — https://www.benzinga.com/news/26/08/61051542/spacex-posts-x-spacex-recovery-team-still-working-recover-flight-13-s-starship-indian-ocean-they-ve-
7. Stripe, Databricks And Anduril Top PitchBook's Next Big Secondary Trades — Benzinga — https://www.benzinga.com/markets/private-markets/26/08/61051431/stripe-databricks-and-anduril-top-pitchbooks-next-big-secondary-trades
8. Chinese Buying Lifts Gold And Silver From Technical Support; Jobs Report Shocker And Iran Hopium Trigger Aggressive Stock Buying — Benzinga — https://www.benzinga.com/Opinion/26/08/61051087/chinese-buying-lifts-gold-and-silver-from-technical-support-jobs-report-shocker-and-iran-hopium-trigger-aggressive-stock-buying
9. 8 Communication Services Stocks With Whale Alerts In Today's Session — Benzinga — https://www.benzinga.com/markets/options/26/08/61050604/8-communication-services-stocks-whale-alerts-today-s-session
10. BlackRock Reports Share Stake Of 51M Class A Common Shares In SpaceX As Of June 30, 2026 — Benzinga — https://www.benzinga.com/m/26/08/61048928/blackrock-reports-share-stake-51m-class-common-shares-spacex-june-30-2026
11. SpaceX Signed $14.1 Billion of Cloud Contracts in a Single Quarter. Its AI Segment Revenue Hit $2.56 Billion. — The Motley Fool — https://www.fool.com/investing/2026/08/07/spacex-signed-141-billion-of-cloud-contracts-in-a/?source=iedfolrf0000001
12. Live On CNBC, Stephanie Link Announces Bought More SpaceX — Benzinga — https://www.benzinga.com/quote/SPCX
13. Inside the Math of Team RB's SpaceX Price Target — The Motley Fool — https://www.fool.com/investing/2026/08/07/inside-the-math-of-team-rbs-spacex-price-target/?source=iedfolrf0000001
14. SpaceX Stock Meltdown Takes $28 Billion Bite Out of Google's Portfolio — Benzinga — https://www.benzinga.com/trading-ideas/movers/26/08/61044958/spacex-stock-meltdown-takes-28-billion-bite-out-of-googles-portfolio
15. Kevin O'Leary Eyes SpaceX as AI Bets Soar: 3 ETFs Amplify the Trade — Benzinga — https://www.benzinga.com/etfs/sector-etfs/26/08/61042216/kevin-oleary-eyes-spacex-as-ai-bets-soar-3-etfs-amplify-the-trade
16. Chip Stocks Find Buyers After Earnings Shock Shakes Out AI Trade — Benzinga — https://www.benzinga.com/markets/tech/26/08/61042097/chip-stocks-find-buyers-after-earnings-shock-shakes-out-ai-trade
17. Kevin O'Leary Sat Out SpaceX's IPO— Now He's Plotting His Entry as Elon Musk's Empire Takes Shape — Benzinga — https://www.benzinga.com/markets/tech/26/08/61036884/kevin-oleary-sat-out-spacexs-ipo-now-hes-plotting-his-entry-as-elon-musks-empire-takes-shape-as-the-stock-settles-ill-be-watching-closely
18. Elon Musk Wants Starlink To Take On T-Mobile, Verizon, AT&T—Here's Why That's Easier Said Than Done — Benzinga — https://www.benzinga.com/markets/prediction-markets/26/08/61036008/starlink-mobile-cellular-networks
19. This SpaceX Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday — Benzinga — https://www.benzinga.com/analyst-stock-ratings/upgrades/26/08/61035611/this-spacex-analyst-turns-bullish-here-are-top-5-upgrades-for-friday
20. Argus Research Upgrades SpaceX to Buy, Announces $160 Price Target — Benzinga — https://www.benzinga.com/news/26/08/61035462/argus-research-upgrades-spacex-buy-announces-160-price-target
21. T-Mobile's CEO Just Dismantled SpaceX's Starlink Mobile Ambitions as Musk's Firm Pours Billions Into Buying Spectrum — Benzinga — https://www.benzinga.com/markets/tech/26/08/61033809/t-mobiles-ceo-just-dismantled-spacexs-starlink-mobile-ambitions-as-musks-firm-pours-billions-into-buying-spectrum-whats-their-differentiation
22. SPCX Stock Survives Its First Massive Float Expansion, But Is SpaceX Out of the Woods? — Benzinga — https://www.benzinga.com/markets/equities/26/08/61032361/spcx-stock-survives-its-first-massive-float-expansion-but-is-spacex-out-of-the-woods
23. SpaceX Stock Is Down 50% From Its Peak. Here's 1 Reason to Buy the Dip, and 1 Reason to Run for the Hills. — The Motley Fool — https://www.fool.com/investing/2026/08/07/spacex-stock-down-50-from-peak-buy-dip-run-hills/?source=iedfolrf0000001
24. Jane Street Eyes $11 Billion Private Credit Refinance to Support AI Investments: Report — Benzinga — https://www.benzinga.com/markets/tech/26/08/61029611/jane-street-reportedly-looks-to-private-credit-to-fund-bigger-ai-ambitions
25. Gary Black Says SpaceX's Volatility Proves He Was 'Correctly Cautious' on SPCX Stock — Benzinga — https://www.benzinga.com/markets/tech/26/08/61029573/gary-black-says-spacexs-volatility-proves-he-was-correctly-cautious-on-spcx-stock
26. Elon Musk Says SpaceX Will Consume Three Times More Terafab AI Compute Than Tesla — Benzinga — https://www.benzinga.com/markets/tech/26/08/61028816/elon-musk-says-spacex-will-consume-three-times-more-terafab-ai-compute-than-tesla
27. Alpaca Markets (SIP) — market data

Disclaimer

This report is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Market data and technical readings are sourced from Alpaca Markets and reflect only what is available at time of publication; figures may be revised or restated. SPCX has a limited trading history, and technical indicators computed from a short data set carry added uncertainty. Verify all data independently before making any financial decision.