{"id":2507,"date":"2026-09-12T00:01:20","date_gmt":"2026-09-12T00:01:20","guid":{"rendered":"https:\/\/yourfinancerules.com\/index.php\/2026\/09\/12\/why-spacex-stock-is-up-around-1-on-friday\/"},"modified":"2026-09-12T00:01:20","modified_gmt":"2026-09-12T00:01:20","slug":"why-spacex-stock-is-up-around-1-on-friday","status":"publish","type":"post","link":"https:\/\/yourfinancerules.com\/index.php\/2026\/09\/12\/why-spacex-stock-is-up-around-1-on-friday\/","title":{"rendered":"Why SpaceX stock is up around 1% on Friday"},"content":{"rendered":"
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SpaceX (SPCX) stock rose more than 1% on Friday to around $149 after initially slipping, extending its recovery from this week\u2019s decline as investors digested another major artificial intelligence compute agreement.<\/p>\n

The latest contract could add $1.11 billion in monthly revenue beginning December 1, according to CFO Bret Johnsen, who disclosed the agreement at Goldman Sachs\u2019 Communacopia + Technology Conference.<\/p>\n

That translates to roughly $13.3 billion in annualized revenue<\/a> from a single undisclosed customer, giving investors another reason to reassess SpaceX\u2019s valuation as an AI infrastructure company.<\/p>\n

SpaceX lands another major AI customer<\/h2>\n

Johnsen said SpaceXAI closed the new compute-hosting agreement in early September.<\/p>\n

William Blair reiterated its Outperform rating on SpaceX following the announcement, noting that the $13.3 billion annualized agreement is separate from the $6.7 billion, six-month compute deal SpaceX disclosed during its August earnings call.<\/p>\n

The latest contract marks the fourth major compute agreement announced by SpaceX over the past four months with annualized value exceeding $11 billion.<\/p>\n

In May, SpaceX announced a $1.25 billion-per-month agreement with Anthropic. <\/p>\n

The company followed that with a deal with Google in early June worth $920 million per month.<\/p>\n

The rapid expansion of these contracts is changing how investors may view SpaceX\u2019s revenue potential. <\/p>\n

The company generated about $23 billion in revenue over the last 12 months, according to William Blair, while its market capitalization stands at roughly $2.01 trillion.<\/p>\n

SpaceX has also guided toward $100 billion in annual recurring revenue by the end of 2026.<\/p>\n

Johnsen indicated at the Goldman Sachs conference that the company has increased conviction in achieving that target by December.<\/p>\n

\u201cBret Johnsen, SpaceX\u2019s chief financial officer, indicated that he has even more conviction now in achieving the $100 billion ARR target in December,\u201d William Blair analyst\u00a0Louie DiPalma said.<\/p>\n

SpaceX is also significantly increasing its planned AI compute capacity. <\/p>\n

The company now targets between 5 and 10 gigawatts by the end of 2027, compared with its previous goal of 2 gigawatts by the end of 2026.<\/p>\n

DiPalma believes SpaceX has an advantage in deploying capacity faster than competitors, while its relationship with Nvidia provides SpaceXAI with priority access to GPUs.<\/p>\n

\u201cSpaceX has benefited from its ability to deploy capacity much faster than peers,\u201d DiPalma said.<\/p>\n

Lockups remain an overhang<\/h2>\n

The AI momentum comes after a volatile week for SpaceX stock.<\/p>\n

Shares fell around 3% on Wednesday<\/a> after the company\u2019s third scheduled lockup tranche released up to 319 million Class A shares, worth roughly $49 billion at recent prices.<\/p>\n

Another 59.1 million affiliate shares were unlocked on Thursday.<\/p>\n

The additional supply initially pressured the stock, but shares recovered modestly on Thursday and are now up 12% over the past 30 days.<\/p>\n

Investors are still facing billions of dollars of additional shares becoming eligible for trading, which could create intermittent selling pressure. <\/p>\n

By the end of 2026, roughly 4.9 billion SpaceX shares are expected to have become available for trading.<\/p>\n

Investors have been cautious about buying ahead of potential profit-taking by early shareholders.<\/p>\n

The post Why SpaceX stock is up around 1% on Friday<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

SpaceX (SPCX) stock rose more than 1% on Friday to around $149 after initially slipping, extending its recovery from this week\u2019s decline as investors digested another major artificial intelligence compute agreement. The latest contract could add $1.11 billion in monthly revenue beginning December 1, according to CFO Bret Johnsen, who disclosed the agreement at Goldman […]<\/p>\n","protected":false},"author":1,"featured_media":2508,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/yourfinancerules.com\/index.php\/wp-json\/wp\/v2\/posts\/2507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourfinancerules.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourfinancerules.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourfinancerules.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourfinancerules.com\/index.php\/wp-json\/wp\/v2\/comments?post=2507"}],"version-history":[{"count":0,"href":"https:\/\/yourfinancerules.com\/index.php\/wp-json\/wp\/v2\/posts\/2507\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourfinancerules.com\/index.php\/wp-json\/wp\/v2\/media\/2508"}],"wp:attachment":[{"href":"https:\/\/yourfinancerules.com\/index.php\/wp-json\/wp\/v2\/media?parent=2507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourfinancerules.com\/index.php\/wp-json\/wp\/v2\/categories?post=2507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourfinancerules.com\/index.php\/wp-json\/wp\/v2\/tags?post=2507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}