๐ SpaceX $SPCX rockets +11% as Argus upgrades to Buy, $16.8B AI factory deal unveiled
Space Exploration Technologies is the standout midday gainer, up ~11% to around $127 after Argus Research upgraded to Buy with a $160 price target, giving the all-clear following the post-IPO lock-up expiration scare. The rally is fueled by a Q2 earnings beat across all three business segments plus news of a $16.8 billion joint AI semiconductor factory with Tesla. The whole space sector is lifting -- Intuitive Machines $LUNR is up 9% and Rocket Lab $RKLB is up 8% in sympathy. Not financial advice. Is the SpaceX AI + space combo the trade of 2026, or is the easy money already made?
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