SpaceX Stock Rises on Nvidia AI Satellite Partnership

SpaceX's stock showed signs of recovery on August 26, 2026, after a period of significant volatility following its June initial public offering. The movement came as CEO Elon Musk confirmed the company is accelerating its plans to launch AI-powered computing satellites into orbit, a key part of its strategy to compete in the artificial intelligence infrastructure market.

Shares of Space Exploration Technologies Corp., trading under the ticker SPCX, rose 1.3% in premarket trading to reach $136.71. This followed Monday's session where the stock closed precisely at its $135 IPO price. Since going public on June 12, the stock has experienced dramatic swings, reaching a peak of $225 before declining. It closed at $136.97 on Friday, August 21.

The premarket gain was linked to Musk's confirmation of a partnership with Nvidia. In a social media post, Musk stated that SpaceX, in collaboration with Nvidia, has designed a space-optimized version of Nvidia's Vera Rubin NVL72 AI chip system. The plan is to launch this system to orbit in the fourth quarter of 2027, with significant scale expected in 2028. This timeline is earlier than the previous goal of 2028. The specialized chips are...