Movement Alert｜SpaceX Rises 3.03% in Regular Trading, ARK Invest Buys the Dip Again as Grok 4.5 Launch Boosts Sentiment

Market Focus02:08

On July 10, SpaceX rose 3.03% in regular trading, trading at $152.85/share, with turnover of $4.751 billion. The rebound follows a period of consecutive declines that saw the stock fall over 13% in five sessions.

On the news front, multiple catalysts converged to lift sentiment. ARK Invest purchased 181,847 shares of SpaceX on Wednesday, valued at approximately $27 million, marking the fund's third dip-buying move since the IPO. SpaceX has now risen to become ARK's seventh-largest holding, accounting for 4% of total assets.

Simultaneously, SpaceXAI jointly with Cursor officially released the Grok 4.5 large language model, targeting coding, autonomous agents, and knowledge-based office scenarios, with select performance metrics benchmarked against Anthropic's Opus 4.8 and OpenAI's GPT-5.5. Additionally, Bank of America initiated coverage of SpaceX with a Buy rating and a $235 price target, defining the company as a core infrastructure carrier for the space economy and highlighting orbital computing as a unique valuation catalyst.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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