US Stock Market Movement | SpaceX (SPCX.US) rises over 2%, market value surpasses 2.3 trillions USD
On Tuesday, SpaceX (SPCX.US) rose by more than 2% to $175.33, with the company's market capitalization surpassing 2.3 trillions dollars.
According to Jinse Finance APP, on Tuesday, SpaceX (SPCX.US) rose over 2%, closing at $175.33, and the company's market value surpassed $2.3 trillion. In terms of news, Morgan Stanley released a research report, maintaining an "Overweight" rating on SpaceX and a $300 target price, nearly 90% above the closing price of $158.96 on October 2. Analyst Adam Jonas's team presented an even bigger view: space is becoming the ultimate venue for converting energy into intelligence in the AI era.
Morgan Stanley pointed out that space is the ideal place to convert energy into intelligence at scale—it's like a "large, cold, and sun-soaked backyard." As power bottlenecks and site controversies rise for terrestrial data centers, the logic behind this idea is gaining momentum.
The report specifically highlighted a new phenomenon, "Space Washing." With the growing anti-data-center movement, more and more companies are likely to tout the benefits of space and shift the narrative of computing power to the skies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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