Why SpaceX Stock Just Gained 11%

Space Exploration Technologies Corp. (NASDAQ: SPCX) stock rocketed 11% higher on Wednesday as of 3:02 p.m. ET, while the S&P 500 and the Nasdaq Composite jumped 0.3% and 0.6%, respectively.Shares of the rocket company rose after it posted a recording of an all-hands meeting on X in which Elon Musk told employees that "AI revenue will exceed all other SpaceX revenue" as early as September. In the recording, Elon Musk emphasized that AI has become "an extremely important part" of the company's future, adding that the models would be trained on their data, making SpaceX employees "the parents of the AI."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool