SpaceX stock rose 4.45% on August 17, 2026. Analysts upgraded the equity from Hold/Accumulate to Buy Candidate following the session. The share price has increased more than 27% over the past two weeks.
The stock currently trades above its initial public offering price. Short and long-term moving averages support a positive forecast for the company. Alphabet and Nvidia recently disclosed significant stakes in the firm, driving a surge in trading volume. These investments follow SpaceX's first quarterly earnings report in early August, which featured strong revenue growth.