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.