SpaceX Rises 11%, Intuitive Machines Gains 9%, Rocket Lab Jumps 8% as Wall Street Gives the All-Clear on Space Stocks

1 week ago 13

David Moadel

Fri, August 7, 2026 astatine 10:47 AM CDT 5 min read

Quick Read

SpaceX surged 11% aft Argus upgraded it to Buy with a $160 target, portion Rocket Lab jumped 8% aft the institution completed its 92nd Electron mission.
A astonishment July jobs miss reduced Fed rate-hike expectations, lifting capital-intensive maturation names including AST SpaceMobile and Virgin Galactic.
Despite today's rally, SpaceX remains down 15% implicit the past month, with monolithic superior strength and recently unlocked shares inactive susceptible of capping upside.
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Space stocks are rallying crossed the committee successful midday Friday trading, with SpaceX (NASDAQ:SPCX) shares starring the group. SpaceX banal is up 11% to $127.49 aft a Wall Street upgrade efficaciously signaled an all-clear pursuing this week's pullback tied to the company's post-IPO share-lockup expiration.

A achromatic rocket launches vertically from beneath the frame, leaving a agelong achromatic exhaust plume down it. The rocket is ascending done a furniture of white, fluffy clouds, into a acheronian blue, starry nighttime sky. The skyline enactment of the ambiance is disposable betwixt the clouds and the star-filled sky.

The determination extends a crisp reversal successful sentiment. SpaceX banal had traded arsenic debased arsenic $114.56 earlier successful the league earlier turning higher, and intraday measurement topped 107 cardinal shares. Moreover, SpaceX's peers are pursuing the pb higher.

Intuitive Machines (NASDAQ:LUNR) banal is up 9% to $16.25, Rocket Lab (NASDAQ:RKLB) shares are up 8% to $81.56, and AST SpaceMobile (NASDAQ:ASTS) shares are up 5% to $70.68. Meanwhile, Virgin Galactic (NYSE:SPCE) banal is up 6% to $3.12, portion Planet Labs (NYSE:PL) shares are up 5% to $23.86.

Argus Upgrade Fuels the Rally

The trigger for SpaceX is simply a caller Argus upgrade to Buy from Hold with a $160 terms target. The expert cited encouraging aboriginal payback connected SpaceX's dense AI-infrastructure spending, pointing to accelerated maturation successful computing capableness arsenic justification for the much constructive stance.

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That reverses the communicative from earlier successful the week, erstwhile SpaceX banal sold disconnected connected the sheer standard of that superior spending disclosed successful its archetypal quarterly study since the June IPO. SpaceX laminitis Elon Musk has outlined a program to physique toward astir 15 to 20 gigawatts of AI powerfulness and computing capableness and to statesman launching orbital information centers adjacent year.

Yesterday's different overhang, the post-IPO share-lockup expiration, has softly faded arsenic a concern. SpaceX banal is present trading good supra wherever it opened the week, and the Argus enactment gives cardinal screen to buyers who had been sidelined by dilution fears.

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