Space Exploration Technologies Corp

(NASDAQ)
Back to all articles
Very Bullish +85

Why SpaceX Stock Popped on Friday

AI infrastructure New contract AI-generated analysis

🚀 SpaceX stock jumped 6.1% after completing three major launches in under 13 hours, including Crew-13 to the ISS and a Falcon Heavy NROL-97 mission.

💰 A new $920 million monthly contract with Alphabet for AI computing services is set to begin in October and run through June 2029.

🤖 SpaceX secured a separate agreement with Anthropic involving $1.25 billion per month in payments for AI services.

💸 The company's total monthly revenue from AI services now totals nearly $2.2 billion, exceeding income from rocket launches.

🔁 Both Falcon 9 booster segments landed successfully on Earth after the NROL-97 mission, demonstrating continued reusability success.

📉 Despite strong operational and financial news, The Motley Fool's Stock Advisor team did not include SPCX in their current top 10 stock list.

Bullish Signals
  • Shares soared 6.1% following a historic day of operations where the company launched three distinct missions including Crew-13 and NROL-97.
  • Signed a major deal with Alphabet to provide AI computing services worth $920 million per month over a 32-month period starting in October.
  • Secured a separate contract with Anthropic for $1.25 billion per month, bringing total monthly AI service revenue to nearly $2.2 billion.
  • Successfully landed both Falcon Heavy booster segments after the NROL-97 mission, reinforcing its reusability and cost-efficiency advantages.
Full Analysis
Space Exploration Technologies (SPCX) shares surged 6.1% through Friday morning following a historic operational milestone where the company successfully launched three distinct missions within a single day. The streak included sending four astronauts to the International Space Station on Crew-13, deploying 130 separate payloads via its 18th Transporter mission, and executing a National Reconnaissance Office launch with a Falcon Heavy that landed both booster segments for reuse. Beyond operational wins, the stock was driven by significant financial catalysts involving major artificial intelligence contracts. In June, SpaceX secured a deal with Alphabet to provide AI computing services, valued at $920 million per month over 32 months starting in October. Additionally, a separate agreement with Anthropic involves payments of $1.25 billion per month, pushing the company's total monthly revenue from AI services to nearly $2.2 billion. The article highlights that SpaceX is now generating substantially more revenue from selling AI services than from traditional rocket launches. While the long-term goal of becoming a $26.5 trillion-a-year AI stock remains distant, these contracts represent a transformative shift in the company's business model and revenue streams. The Motley Fool notes that despite this bullish outlook, SPCX was not included in their current list of top 10 stocks for investors.