Why Is SpaceX (SPCX) Stock Price Up 9.43% Today, August 4? Short Covering Meets Nvidia Orbital AI Deal

SpaceX (SPCX) rose exactly 9.43% to $125.33 on August 4, 2026 as short-covering pressure met confirmation of an Nvidia-backed orbital AI compute project. Read the daily analysis of Space Exploration Technologies' post-IPO execution outlook, momentum risk and key technical levels.

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