SpaceX stock is on the rise again: What’s behind the rocket and AI company’s October rally?

Shares of SpaceX (Nasdaq: SPCX) are having a good October so far, reaching highs not seen since June, when Elon Musk’s space and AI company made its debut on the Nasdaq. The stock rose over 18% in the last week, closing Monday at $171.09—higher than its IPO day close of $160.95 for the first time in three months. Overall, SpaceX hasn’t had the most successful time on the market, so why the sudden turnaround? It comes down to a few things. For starters, last week was promisi...