TradingKey – SpaceX (SPCX) shares approached the $150 mark in intraday trading on August 12 ET. Not long ago, the company’s stock price touched a period low of $104.83 in early August; as of the close on August 12, it has rebounded by a cumulative ~35%.

Against the backdrop of ongoing massive capital expenditure, profit pressures, and uncertain returns on AI investments following its earnings release, this rapid recovery indicates that the market is no longer trading merely SpaceX’s traditional rocket launch and Starlink growth story, but whether it can complete its transition into an “AI infrastructure platform.”

While traditional space operations fulfill infrastructure roles such as satellite communications, launch capabilities, and…