Why did SPCX move on Jul 2, 2026?
17:50 ET · AI-sourced explanation · gemini-flash-latest
SPCX shares rose following comments from Donald Trump suggesting that Elon Musk might donate SpaceX stock to Trump-related accounts [1], [2]. Trump noted that he had written Musk a note after he achieved trillionaire status, though he added they had not spoken since [5]. This speculation of a high-profile stock transfer served as the primary catalyst for the late-afternoon price action [2], [3].