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Story summary
- SpaceX’s shares rose 11% on Wednesday to about $148, roughly 10% above the $135 IPO price.
- Short interest fell to about 11% of the float after 911 million shares unlocked, down from a 34% peak.
- SpaceX reported $18.4 billion in quarterly capital expenditures, including $15.8 billion for AI infrastructure, and expects an annualized revenue run rate of at least $100 billion by December.
