SpaceX surged 6% Monday as Goldman's $1.8 trillion space economy forecast, a $60 billion Cursor acquisition, and UBS's $210 Buy rating converged. Nebius and CoreWeave each slipped about 1% Monday after surging 47% and 16% respectively the prior week on record earnings beats. NVIDIA's 13F disclosed 122 million SpaceX shares worth $21 billion, making it their second-largest position, while Atreides named SpaceX its single biggest holding.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Nebius Group didn't make the cut. Grab the names FREE today. Shares of SpaceX (NASDAQ:SPCX) have climbed roughly 5.9% in Monday morning trading, reaching $148.21 with a session high of $148.67, a sharp rebound off a 52-week low of $104.83.
Neocloud peers Nebius Group (NASDAQ:NBIS) and CoreWeave (NASDAQ:CRWV) moved in the opposite direction, in the morning with each stock slipping. ET, CoreWeave shares are up 1.2% while Nebius has narrowed its losses to .7%. Let's dive into the biggest news amongst this group of data center stocks.
Per Investing.com reporting this morning, several distinct threads converged on SpaceX at once. Goldman Sachs Global Institute's report The Second Space Age, released earlier this week, projected the global space economy could reach $1.8 trillion by 2035 and identified launch infrastructure as the sector's key upstream chokepoint. That framing lands directly on SpaceX's core space business.
The company also completed its $60 billion acquisition of AI coding startup Cursor on August 14, folding the asset into its SpaceXAI division and reinforcing the AI compute thesis behind Q2's numbers. That quarter saw revenue of $7.81B, AI revenue up 247% year over year to $2.56B, and Starlink subscribers doubling to 12.0M. UBS also weighed in Monday, reiterating its Buy rating with a $210 price target, citing AI token demand and Starlink expansion, with Starship and V3 satellites accelerating broadband next year and femtocells built into Starlink terminals offering mobile upside.
UBS flagged one caveat: success depends on securing scarce low-band spectrum and achieving enough network density, particularly in urban areas where coverage remains challenging. Quarterly 13F filings were released on August 14, 2026, showing positions as of June 30, 2026. These are point-in-time snapshots as of that date.
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