- The SEC proposed new rules to create a clear regulatory framework for crypto.
- SpaceX stock (SPCX) surged 16% in the past 30 days after its first earnings report.
- Elon Musk indicated the space economy could be orders of magnitude larger than current estimates.
- Five billionaires have increased their bets on SpaceX stock, according to the latest 13F filing.
The SEC officially proposed new rules for a clear crypto regulatory framework on August 18, 2026, as reported by Watcher.Guru, while SpaceX (SPCX) stock climbed 16% in the last 30 days after a sluggish start on Wall Street. The company’s first earnings report sparked the rally, leading several firms to raise their price forecasts for the stock.
Elon Musk, CEO of SpaceX, suggested the space economy will be “much bigger” than $1.8 trillion by 2035. He agreed with a user on X that the space economy should be thought of as an order of magnitude greater, given its necessity for scaling AI compute and power.
Consequently, SpaceX is positioned to lead this surging space economy, potentially boosting its own market capitalization. Musk’s revised revenue target of $1 trillion by 2030 underscores ambitious growth, though analysts project $184.5 billion by 2028.
Meanwhile, the latest 13F filing reveals five billionaires have bet big on SpaceX stock, focusing on space exploration as the next frontier. The company currently dominates satellite communications, with Amazon conceptualizing a similar idea, though competition may take years to materialize.
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