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SpaceX shares jump nearly 60% from early August low

The rally was driven by strength in SpaceX's AI business and progress on Starship, lifting the stock to its highest level since June.

Reported · Written up by our desk · Equities

SpaceX shares have surged nearly 60% from their low in early August, according to CNBC Markets and CNBC World.

The move pushed the stock to its highest level since June, as investors leaned into momentum tied to SpaceX's AI business and continued progress on Starship.

CNBC Markets said the rebound also put Elon Musk back in a trillionaire status, after the stock's sharp recovery from the early August trough.

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