Stock Market Update
17-Aug-26 12:00 ET
SpaceX surging higher
Dow -200.39
at 53532.02,
Nasdaq +31.60
at 26781.79,
S&P +12.82
at 7798.58
[BRIEFING.COM] The major averages are little changed from previous levels at midday.
SpaceX (SPCX 149.14, +9.14, +6.53%) is trading with solid gains today, extending its recent recovery after shares sank to post-IPO lows earlier this month. The stock has now rebounded sharply from that trough, building on two consecutive weekly advances as investors reassess the company following its first quarterly report as a public company.
Today's rally comes on the heels of regulatory filings showing newly disclosed SPCX positions from NVIDIA (NVDA 227.57, +2.41, +1.07%) and Advanced Micro Devices (AMD 512.67, -1.72, -0.33%), adding support from two prominent semiconductor companies. Those holdings provide another vote of confidence in SPCX's long-term rocket, satellite-connectivity, and AI-infrastructure opportunities, although additional share unlocks could continue to create near-term volatility.
