Short sellers now hold nearly 30% of the float and are sitting on $8.7 billion in paper profits amid rising lockup concerns. SpaceX’s 13th Starship test flight was aborted moments before liftoff due to engine issues.
Revenue jumped 39% to $20.34B while EPS hit $20.98, crushing Wall Street forecasts.
Strong Starlink growth and AI infrastructure push valuation to $2.48 trillion.
Shares of Charter Communications rallied sharply on speculation of a partnership with SpaceX to expand Starlink mobile services across the U.S. using Charter’s terrestrial infrastructure.
Despite the massive demand boost, analysts remain cautious, citing the company’s $4.9 billion net loss last year and concerns over valuation.
Elon Musk’s SpaceX moves aggressively into enterprise AI with the $60 billion acquisition of Anysphere, the company behind popular coding assistant Cursor. Deal expected to close in Q3 2026.
