$SPCX Surges Over 7% Toward $158 Driven by Orbital AI and Starship Milestones

Shares of Space Exploration Technologies Corp ($SPCX) rallied more than 7% in Friday trading, climbing toward an intraday high near $158.90 on heavy volume exceeding 87 million shares.
The upside momentum follows key operational catalysts across both orbital launch operations and AI infrastructure initiatives:
• Launch Execution: Starship completed a critical orbital mission deploying 26 next-generation Starlink V3 satellites, alongside orbital hardware testing for Google's Suncatcher project.
• Orbital Compute Expansion: Market interest continues to pivot toward orbital AI data-center infrastructure, positioning orbital solar-powered compute as a potential solution to terrestrial power grid constraints.
• Technical Breakout: The advance cleared key technical resistance at $152, pushing the stock into the $157–$159 zone after consolidating above recent lows.