SPCX Stock Slips Overnight: Musk Sees AI Driving 99% Of SpaceX’s Value, Ally Antonio Gracias Unveils Valor Stake

Space Exploration Technologies Corp. (SpaceX) stock experienced a decline in overnight trading following statements from its founder, Elon Musk. Musk, who also heads Tesla and X (formerly Twitter), indicated his belief that artificial intelligence will account for 99% of SpaceX's future valuation. This assertion comes as the company continues to advance its Starship program and expand its Starlink satellite internet constellation, both of which have significant technological underpinnings.

The news also coincides with a disclosure from long-time SpaceX investor Antonio Gracias. Gracias, through his firm Valor Equity Partners, revealed a significant stake in SpaceX. The dual developments highlight the substantial private investment in the aerospace company and underscore the ongoing debate and speculation surrounding SpaceX's valuation and future growth drivers, particularly in relation to advanced technology.