US Stock Market Move | SpaceX (SPCX.US) extends gains by 5%, rising over 12% in two trading days.

On Monday, SpaceX (SPCX.US) extended the previous trading day's gains. As of press time, it was up over 5%, bringing its two-day gain to more than 12%, with a market capitalization of $2.2 trillion. On the news front, both CLSA and Morgan Stanley released reports expressing optimism about SpaceX's development. Morgan Stanley analysts said that SpaceX, integrating satellite, aerospace, and AI businesses, is one of the lowest-opportunity-cost vehicles for participating in the space and intelligent economy and pursuing high returns. They expect developments over the coming months to help investors more fully understand SpaceX's role in addressing key bottlenecks in power and chip manufacturing, potentially opening up room for the stock's earnings growth and CKH HOLDINGS valuation expansion. Analyst Adam Jonas wrote in a client research note: "We expect multiple business developments over the coming months to help investors better understand SPCX's value in solving key bottlenecks in power and chip manufacturing, potentially unlocking earnings growth potential and driving valuation multiple expansion." The report said that ahead of the Starship Flight 15 test, investors are presented with a rare window to position. The analyst believes that AI product commercialization, progress on the Starship program, and more high-value cloud service contracts landing could drive the stock toward a $300 price target. CLSA issued a research report stating that NVIDIA Corporation's demand coverage is broader than the market thinks, with SpaceX installations surging and a target of reaching 10 gigawatts by the end of 2027; sovereign AI already accounts for about 20% of its revenue. The firm expects SpaceX to contribute more than 20% of NVIDIA Corporation's revenue by calendar year 2028, and anticipates it will replace Microsoft Corporation as the largest customer by then, challenging the market narrative that the company depends on the four major hyperscale cloud service providers and lending credibility to sustained growth.