SpaceX Rebounds 6% on Monday as Nebius and CoreWeave Look to Rebound From Morning Drops

SpaceX shares climbed 6% on Monday, rebounding from a 52-week low amid bullish market sentiment. Factors driving the surge include Goldman Sachs' projection of a $1.8 trillion space economy by 2035, a $60 billion acquisition of AI startup Cursor, and UBS' upgrade to a Buy rating with a $210 price target. Both Nebius Group and CoreWeave, data center stocks, saw declines after recent record-breaking surges, but CoreWeave has since recovered 1.2%.

Analysts are watching the potential Cursor acquisition closure and low-band spectrum developments for NVIDIA, as well as the neocloud group's ability to convert Q2 backlogs into revenue by year-end.