From Coinpedia · By Anjali Belgaumkar
SpaceX shares rose 3.36% in premarket trading on Wednesday to $147.90, up $4.81 from the previous close of $143.09, adding to a recovery that began after NASA picked the company for its lunar cargo programme. The stock jumped about 6% on Monday after SpaceX was named one of eight firms eligible to compete for up to $10 billion in moon delivery missions over ten years under CLPS 2. Even if SpaceX won the full amount, it would earn about $1 billion a year, less than the roughly $1.12 billion it made in an average week of the third quarter. Elon Musk said government work will make up less than 10% of revenue this quarter, down from 16.6%, as AI computing and Starlink drive growth. Rocket Lab also rallied despite missing out. The stock is now well above its $135 IPO price, with Starship’s November 13 flight the next key test.
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