SpaceX Stock Up 40% in 5 Days: SPCX Adds $530 Billion as Musk Bets the Company on AI

SpaceX stock has staged one of the most violent reversals of the year. SPCX closed Wednesday at $146.15, up 9.65% on the day, and is now roughly 40% above the $104.83 low printed in the first days of August. On a float basis that swing is worth around $530 billion in added market value, taking the publicly traded market capitalisation back toward $1.9 trillion. Calculated across all share classes, the number sits above $2.2 trillion.

Five sessions ago the stock was an all-time-low story. It is now trading above its IPO price again, with short sellers in retreat and Wall Street reopening the bull case. Below is what actually caused the move, what the 4-hour chart is signalling, and where the risk sits.

Why is SpaceX stock up 40% in five days?

Four separate catalysts stacked on top of each other in the space of one week.

The lockup did not break the stock. On 6 August, more than 911 million insider shares became eligible for sale, more than doubling the tradable float. The market had spent the previous session pricing in a flood of selling, sending SPCX to an all-time low near $105. The flood did not arrive. Shares rose on the unlock day itself and have not looked back since. That single fact removed the largest overhang on the name.

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