SpaceX shares rose about 5.9% on Monday, reaching $148.21. This increase was driven by multiple positive factors, including a report from Goldman Sachs Global Investment Research predicting that the global space economy will reach $1.8 trillion by 2035, and highlighting launch infrastructure as a key bottleneck in the sector, which directly benefits SpaceX's core business. Additionally, SpaceX completed the $60 billion acquisition of AI coding startup Cursor and integrated it into the SpaceX AI division. UBS (UBS) also reiterated its "buy" rating for SpaceX with a price target of $210, citing AI token demand and the expansion of its Starlink business.

In a 13F filing disclosed on August 14, NVIDIA (NVIDIA) revealed that as of June 30, it held 122 million shares of SpaceX stock, valued at approximately $21 billion, making it its second-largest holding. Atreides Management also disclosed SpaceX as its largest single holding, while Appaloosa LP initiated a new position in SpaceX. Furthermore, Alphabet and Harvard University also hold significant stakes in SpaceX.