SpaceX shares rose 3.36% in premarket trading on Wednesday to $147.90, up $4.81 from the previous close of $143.09, adding to a recovery that began after NASA picked the company for its lunar cargo programme. The stock jumped about 6% on Monday after SpaceX was named one of eight firms eligible to compete for up to $10 billion in moon delivery missions over ten years under CLPS 2. Even if SpaceX won the full amount, it would earn about $1 billion a year, less than the roughly $1.12 billion it made in an average week of the third quarter. Elon Musk said government work will make up less than 10% of revenue this quarter, down from 16.6%, as AI computing and Starlink drive growth. Rocket Lab also rallied despite missing out. The stock is now well above its $135 IPO price, with Starship’s November 13 flight the next key test.

Was this writing helpful?

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.