SPCX Surges 9.6% After Musk Says AI Revenue Set to Outpace Starlink and Launch

SpaceX shares (SPCX) jumped 9.6% on August 12, 2026, climbing back to around $142, after Elon Musk said AI revenue is on track to exceed all of SpaceX's other business lines within months. Musk indicated that Grok, the xAI large language model trained in part on SpaceX's internal operational data, is scaling quickly enough that AI compute revenue could overtake Starlink and launch services revenue — which together generate nearly 70% of SpaceX's revenue — within one to two months. The move built on the prior week's rebound and came the same day as the Starlink 17-49 Falcon 9 launch from Vandenberg.