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SpaceX shares jump 8%, Elon Musk returns to trillionaire status after NASA and Google AI launches

Analyst Insights
05 Oct 2026
CNBC
View Source
Bullish
SpaceX shares jump 8%, Elon Musk returns to trillionaire status after NASA and Google AI launches

SpaceX shares rose nearly 8% to their highest since mid-June, boosting Elon Musk's net worth above $1 trillion. The rally followed successful launches including a NASA crewed mission to the ISS and Google's AI chips into orbit. Morgan Stanley analysts see SpaceX as undervalued, citing upcoming Starship test flights and AI product growth as catalysts. The company’s Starship rocket, designed for full reusability, could significantly expand SpaceX’s business. Musk also benefits from defense contracts and recent Pentagon appointments, while SpaceX’s AI division supports revenue through partnerships with Google and Anthropic. Investors are watching for the next Starship test and Q3 earnings due in late October.

Following the recent surge in SpaceX shares linked to successful launches and strategic growth areas, the stock is trading strongly on Pluang. As of Oct 06, 2026 03:21 WIB, SPCX is priced at USD 171.10, up 7.64% for the day, with a market cap of $2.16 trillion. Investor activity on Pluang shows a balanced interest, with 56% selling and 44% buying, reflecting cautious optimism around the stock's performance.

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