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Why SpaceX Stock Popped on Friday

The Motley Fool·
Why SpaceX Stock Popped on Friday

SpaceX stock surged 6.1% on Friday following three successful rocket launches completed in under 13 hours, including a Crew Dragon mission, a Transporter satellite mission, and an NROL-97 National Reconnaissance Office mission. Additionally, SpaceX's lucrative AI service contracts with Alphabet ($920 million/month) and Anthropic ($1.25 billion/month) are generating nearly $2.2 billion monthly in revenue, significantly outpacing traditional rocket launch income.

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