SpaceX (NASDAQ:SPCX) shares extended their recovery on Wednesday, August 12, climbing 9.65% to close at $146.15, their highest level since July 9, and rebounding 39% from a record low of $105.11 reached on August 6. The rally followed comments from Elon Musk in a recording from an internal company meeting, where he told employees that revenue connected to artificial intelligence could exceed all other revenue sources as early as September, describing AI as "extremely important" to the company's future. The rebound also came after SpaceX navigated the expiration of its first post-IPO lock-up period on August 6, which made approximately 911.5 million shares held by employees and executives eligible for sale, without the selling pressure some investors feared. Despite the rally, the stock remains approximately 41% below its record high of around $226, reached in mid-June shortly after the company went public. Wall Street analysts maintain a buy recommendation with an average price target of $231.40, implying potential upside of approximately 58.33% from Wednesday's close. The speed of the recovery, a 39% increase in less than a week, could leave the stock vulnerable to short-term profit-taking, particularly given its volatility since its June debut.