{"id":479940,"date":"2026-06-16T10:39:10","date_gmt":"2026-06-16T10:39:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/479940\/"},"modified":"2026-06-16T10:39:10","modified_gmt":"2026-06-16T10:39:10","slug":"spacex-spcx-rockets-19-6-higher-on-us-iran-deal-ai-optimism","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/479940\/","title":{"rendered":"SpaceX (SPCX) Rockets 19.6% Higher on US-Iran Deal, AI Optimism"},"content":{"rendered":"\n

Space Exploration Technologies Corp. (NASDAQ:SPCX) is one of the 10 Stocks Stealing the Spotlight from Wall Street Giants.<\/a><\/p>\n

SpaceX soared on its second day as a publicly listed company, jumping 19.60 percent to close at $192.50 apiece, amid a combination of broader market optimism, thanks to the US and Iran\u2019s deal to end the war, while investors increased their exposure in stocks riding the AI wave.<\/p>\n

Since it debuted on the stock market last Friday, Space Exploration Technologies Corp. (NASDAQ:SPCX) has already seen its valuation climb to $2.44 trillion, making it one of the most valuable companies in the US markets.<\/p>\n

\"Aircraft, Aircraft, Engineering, Technology <\/p>\n

Photo by SpaceX on Unsplash<\/p>\n

The rally can be primarily attributed to an overall optimism for the space sector, with the Elon Musk-led firm planning to invest heavily in orbital data centers in space to support the rapidly accelerating AI.<\/p>\n

Space Exploration Technologies Corp. (NASDAQ:SPCX) was able to raise $75 billion in fresh funds for its space exploration initiatives.<\/p>\n

In its prospectus, Space Exploration Technologies Corp. (NASDAQ:SPCX) said that proceeds from the offer will be used \u201cto fund our growth strategy, including the expansion of our AI compute infrastructure,\u00a0enhancements to our launch infrastructure and launch vehicles, increases in the scale and capacity of our satellite constellations, and any remaining amounts for general corporate purposes.\u201d<\/p>\n

While we acknowledge the potential of SPCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the\u00a0best short-term AI stock<\/a>.<\/p>\n

READ NEXT:\u00a033 Stocks That Should Double in 3 Years<\/a> and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy<\/a>.\u00a0<\/p>\n

Disclosure: None. Follow Insider Monkey on Google News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Space Exploration Technologies Corp. (NASDAQ:SPCX) is one of the 10 Stocks Stealing the Spotlight from Wall Street Giants.…\n","protected":false},"author":2,"featured_media":479941,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[111,139,69,147,392,241088,241469],"class_list":["post-479940","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-new-zealand","tag-newzealand","tag-nz","tag-science","tag-space","tag-space-exploration-technologies","tag-wall-street-giants"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/479940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=479940"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/479940\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/479941"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=479940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=479940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=479940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}