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News 2026-10-09 02:18 UTC

SPCX shares jump 3% after Trump praises Musk

Space Exploration Technologies Corp (SPCX) shares rose 3% overnight late Thursday. The move came as President Donald Trump hailed CEO Elon Musk as a “modern-day Thomas Edison,” alongside newly released filings indicating his portfolio bought up to $5 million in SpaceX bonds two days before a space-policy development.