Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Musk's AI Ambitions Fuel 9.65% Surge in SpaceX Stock

Guavy AI Editorial Team
Instruments
BTC
Share

SpaceX's stock (SPCX) surged 9.65% to $146.15 on August 12, driven by CEO Elon Musk's AI ambitions and Morgan Stanley's bullish valuation scenario.

The rally adds a new dimension to SpaceX's post-IPO story for crypto investors, who are drawn in by the company's substantial Bitcoin holdings of 18,712 BTC valued at $1.1 billion, as well as its tokenized shares that trade on-chain.

Musk's comments about AI's role in SpaceX's future have sparked interest among investors, with Morgan Stanley analyst Adam Jonas maintaining an Overweight rating on the stock and setting a $300 price target, while also outlining a more optimistic scenario of $600 per share.

More on Crypto

Crypto just now

Kalshi Promo Code SBWIRE: Unlock Up to $500 Bonus for New Users

Crypto just now

Crypto DEX Volumes Plummet to Lowest Point of Year

Crypto just now

BlackRock-Backed Bitcoin ETFs Unload 966 BTC Amid Indonesian Regulatory Growth

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy