SpaceX Stock Up 40% in 5 Days: SPCX Adds $530 Billion as Musk Bets the Company on AI

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.SPCX has ripped 40% higher in five sessions, adding roughly $530 billion in market value. Here is what is driving it and what the chart says next.SpaceX stock has staged one of the most violent reversals of the year. SPCX closed Wednesday at $146.15, up 9.65% on the day, and is now roughly 40% above the $104.83 low printed in the first days of August. On a float basis that swing is worth around $530 billion in added market value, taking the publicly traded market capitalisation back toward $1.9 trillion. Calculated across all share classes, the number sits above $2.2 trillion.SPCX price in USDFive sessions ago the stock was an all-time-low story. It is now trading above its IPO price again, with short sellers in retreat and Wall Street reopening the bull case. Below is what actually caused the move, what the 4-hour chart is signalling, and where the risk sits.Why is SpaceX stock up 40% in five days?Four separate catalysts stacked on top of each other in the space of one week.The...