SpaceX Surges 6% on Goldman Space Forecast and Cursor Deal

24/7 Wall St.··US·Read original
3▲0 ▼0Impact / 5
Summary · why it matters

SpaceX shares climbed roughly 5.9% Monday morning to $148.21, rebounding from a 52-week low of $104.83, as several catalysts converged. Goldman Sachs projected the global space economy could reach $1.8 trillion by 2035, and SpaceX completed its $60 billion acquisition of AI coding startup Cursor on August 14. UBS reiterated a Buy rating with a $210 price target, citing AI token demand and Starlink expansion. Meanwhile, Nebius and CoreWeave each slipped about 1% in morning trading after surging 47% and 16% respectively the prior week on record earnings beats, though both stocks regained ground in afternoon trading. NVIDIA's 13F disclosed 122 million SpaceX shares worth $21 billion, making it their second-largest position, while Atreides named SpaceX its single biggest holding.

Impact on assets 6

Artificial Intelligence▲ · 3 stocks
Financials▲ · 2 stocks

Off-coverage companies 2

Atreides Management, LPPrivate± Mixed
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CursorPrivate± Mixed
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