SpaceX has reportedly rebounded about 60% from its recent low as investors focus on its expanding AI business. The company is reportedly seeking $40 billion to buy Nvidia chips for its AI infrastructure, while Elon Musk plans to build 10 GW of AI capacity by 2027. Stronger-than-expected earnings and rising Starlink subscribers have also supported the recovery. SpaceX shares previously fell from $225 to about $105 amid valuation and spending concerns but have since climbed above $170.

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