🟢 SPCX.TO ETF (SPCX.TO) is trading 11.37% up on August 7, 2026 after SpaceX rebound

SPCX.TO is trading 11.37% up on August 7, 2026 after rebounding from SpaceX’s August 5 selloff, as investors reassess $15.8 billion in AI infrastructure spending alongside rapidly growing AI revenue and cloud contracts.

• SpaceX’s exclusive Nvidia infrastructure strategy is reinforcing the sector’s AI-growth narrative.
• Relief followed the August 6 lock-up expiry, which released roughly 911 million shares and initially created supply concerns.
• Positive analyst target revision and firmer AI sentiment support move despite mixed conditions.