Business · 6 August 2026
SpaceX shares jump 6% despite early investors selling
SpaceX via Wikimedia Commons (Creative Commons CC0 License)
The space company's stock had dropped almost 14% on Wednesday over worries about its expensive artificial intelligence data centres. Thursday brought an unusual rule change that let staff and early backers sell up to a fifth of their locked-in shares. Even with the price recovering to about £89 ($115), Elon Musk's firm has shed more than 25% of its value since its June launch.
Reported by Reuters · How we write briefs