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SpaceX Stock Hits $153.35, Market Cap Recovers to $2.02 Trillion Since July 7
SpaceX shares rose 3.65% on September 8 to reach $153.350 per share, marking the highest level since July 7 and pushing the company's total market capitalization back above $2 trillion to $2.02 trillion. The recovery represents a significant milestone for Elon Musk's space exploration company, which had seen its market cap dip below $2 trillion in recent weeks. The stock has been on an upward trajectory, having gained 5.2% on September 3 to reach $147.995. The company's valuation surge reflects continued investor enthusiasm for SpaceX's dominant position in the commercial space launch market and its growing Starlink satellite internet business. SpaceX has become one of the most valuable private companies globally, with its valuation rivaling that of many public tech giants. The stock's recovery to $2.02 trillion market cap underscores the market's confidence in SpaceX's long-term growth prospects as it continues to expand its satellite constellation and pursue ambitious space exploration goals. SPCX gained 3.95% on the session.