Starship

Starlink

James

Argus (www.argusnetwork.co)

Elon Musk's fortune climbed back above $800 billion on Friday after SpaceX shares surged 16%, reversing much of a steep post-earnings selloff.
<h2 id="key-points">Key Points:</h2>
<blockquote>
 <ul>
 <li>SpaceX closed at $133.11 on Aug. 7, a 15.8% gain that capped a two-day rally worth more than $327 billion in market value.</li>
 <li>Musk's net worth reached $802 billion, less than two weeks after it fell below $700 billion.</li>
 <li>Bernstein raised its target to $248, while Raymond James held the Street's highest call at $800.</li>
 </ul>
</blockquote>
<h2 id="spacex-stock-rebound-follows-lockup-expiry">SpaceX Stock Rebound Follows Lockup Expiry</h2>
SpaceX shares <a href="https://www.cnn.com/markets/stocks/SPCX" rel="noopener noreferrer nofollow">closed</a> at $133.11 on Aug. 7, a 15.8% gain that capped a two-day rally of roughly 23%. Bloomberg<a href="https://www.bloomberg.com/news/articles/2026-08-07/spacex-nears-ipo-price-again-after-staging-327-billion-rally" rel="noopener noreferrer nofollow">calculated</a> that the two sessions added more than $327 billion in market value, pushing the stock back toward its $135 offering price for the first time since July. The rebound landed two days after the company's first post-listing lockup expired.
That expiry <a href="https://247wallst.com/investing/2026/08/06/elon-musk-loses-87-billion-in-a-single-day-as-spacex-stock-craters-after-earnings/" rel="noopener noreferrer nofollow">freed</a> about 911 million insider shares on Aug. 6, a supply overhang several analysts had flagged as a serious downside risk for a stock already far off its highs.
Second-quarter revenue <a href="https://finance.yahoo.com/quote/SPCX/" rel="noopener noreferrer nofollow">jumped</a> 92% to $7.81 billion, well ahead of forecasts near $6.9 billion, while net losses narrowed to $541 million from about $1 billion.
Connectivity remained the largest business, contributing more than $4.2 billion as Starlink turnover nearly doubled. Capital spending still reached $18.3 billion, with the artificial intelligence segment absorbing $15.8 billion of that total.
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<h2 id="analysts-raise-spacex-targets-westly-stays-cautious">Analysts Raise SpaceX Targets, Westly Stays Cautious</h2>
Bernstein analyst Douglas Harned<a href="https://www.tradingkey.com/analysis/stocks/us-stocks/262089173-spacex-spcx-lockup-rally-morgan-stanley-bullish-140-target-terafab-tradingkey" rel="noopener noreferrer nofollow">lifted</a> his target to $248 from $239, Argus Research upgraded the stock to buy at $160, and Citi kept a buy rating with a $200 target after the AI unit's adjusted earnings beat its own estimate by nearly $1.5 billion. Raymond James analyst Brian Gesuale went furthest, holding the Street's highest target at $800.
Gesuale argues Starship can cut launch costs sharply enough to open new markets across communications, AI infrastructure, manufacturing and energy.
Consensus targets still <a href="https://stockanalysis.com/stocks/spcx/forecast/" rel="noopener noreferrer nofollow">diverge</a> across data providers, ranging from roughly $227 to $231, which implies at least 70% upside from Friday's close. Steve Westly, a former Tesla board member, questioned publicly how fast the company can grow and how heavy its costs will run before profitability arrives.
<h2 id="musk-net-worth-swings-since-june-ipo">Musk Net Worth Swings Since June IPO</h2>
Forbes<a href="https://www.forbes.com/sites/antoniopequenoiv/2026/08/07/elon-musks-net-worth-tops-800-billion-again-as-spacex-shares-spike-11/" rel="noopener noreferrer nofollow">valued</a> Musk's fortune at $802 billion on Friday, less than two weeks after it slipped below $700 billion, while Bloomberg data reportedly showed a one-day gain near $96 billion.
He owns roughly 38% of SpaceX, tying his wealth tightly to daily moves in a stock that has swung wildly for seven weeks.
The volatility dates to the June listing, and it has been extreme by any measure. Shares closed at a record $201.80 on Jun. 16, when Musk's wealth <a href="https://fortune.com/2026/08/01/elon-musk-net-worth-spacex-stock-rout-spcx-tesla-shares/" rel="noopener noreferrer nofollow">peaked</a> near $1.33 trillion, before sliding 46% to a low of $108.37 last week. Earnings-day selling on Aug. 5 alone wiped roughly $87 billion from his fortune in a single session.
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Musk Regains $800B Fortune As SpaceX Stock Rebounds From Its Low

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