US Stock Market Move | SpaceX (SPCX.US) rises over 5%, market cap returns to $2 trillion.
On Friday, SpaceX (SPCX.US) opened higher and continued to climb. As of press time, it was up over 5%, with a market capitalization exceeding $2 trillion.
On Friday, SpaceX (SPCX.US) opened higher and climbed further; as of press time, it was up over 5%, with a market capitalization exceeding $2 trillion. On the news front, four astronauts aboard a SpaceX spacecraft reached the International Space Station in just eight hours, setting a U.S. spaceflight speed record, and docked with the station on Thursday. SpaceX has recently seen a steady stream of launch missions. Three hours after the Crew-13 crewed spacecraft lifted off, SpaceX launched a Falcon rocket from California carrying more than 100 microsatellites. Another Falcon rocket is scheduled to lift off from Florida on Thursday evening to launch a classified satellite for the U.S. National Reconnaissance Office. In the same week, the company's giant Starship spacecraft successfully entered orbit for the first time.
At the same time, SpaceX's "AI ambitions" appear to be expanding from competing for leadership in AI large models to selling or leasing its enormous AI computing resources across the global AI industry. The Information
A latest report published on October 1 revealed, based on information from a series of people familiar with the matter, that an AI supercomputing cluster originally used for Grok's own purposes has evolved into a "Neocloud"-type AI computing leasing or sales business serving large AI model developers/large AI cloud computing customers such as Anthropic and Alphabet Inc. Class C.
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