SpaceX stock surges over 30% in August following Grok 4.6 launch

SpaceX stock surged over 8% on August 12, 2026, pushing its August rebound above 30% and clearing $140 for the first time in nearly a month, following the launch of xAI's Grok 4.6. Multiple sources reported the rally was driven by the Grok 4.6 launch and Morgan Stanley's view that the market may be significantly undervaluing SpaceX's AI, with short interest plunging to 11% of float from a 34% peak.

Detected & updated continuously · Source: Nebula

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