"On Thursday in the Eastern US, SPCX opened at 150.40, hit a low of 147.68, a high of 153.47, and closed at 152.16, up about 2.6%. The closing price was near the intraday high and didn’t break below the previous trading day’s low of 145.2. This candlestick is clearly better than the previous consecutive breakdown trend, showing some initial signs of recovery. This movement aligns with the cited characteristics of higher lows and a close above 150. Additionally, trading volume was 46.57 million shares, lower than the previous day’s 60.95 million shares, indicating a rebound on reduced volume. Notably, the day before saw a low-volume drop to a new low, followed by a recovery, suggesting selling pressure has temporarily dried up. Coupled with external positives like Micron’s news, the market is beginning technical repairs. However, whether this is an oversold rebound or a bottoming process still requires time to confirm. At the very least, tonight’s close needs to break above 155 to provide more confidence. Now, moving from technicals to fundamentals: This wave of recovery may be supported by major structural positive news, including Goldman Sachs updating its 2026 target price (citing AI revenue, Starlink expansion, and orbital computing), JPMorgan publishing research on the strategic feasibility of a SpaceX-Tesla merger, NVIDIA’s large chip order for Grok 4.5 being exposed, ARK continuing to increase its holdings, and the release of themed reports like "How Orbital Data Centers Work." The biggest significance of these news items is preventing the market from indiscriminately slashing valuations. But looking at it from another angle, such strong firepower combined with external positives like falling oil prices only resulted in a +2.6% gain and a close at 152, which still feels weak. The pattern of selling strength and buying weakness hasn’t changed. Perhaps funds are chasing SK Hynix’s listing or hedging ahead of next week’s rocket launch. If tonight sees a volume-driven rise to 155, it would confirm a true bottoming process. However, it’s more likely that the real game will happen after Monday’s open, tied to the rocket launch pricing. This content is sponsored by @BITstocks_CN. Buy US stocks on BIT—16,000+ US stocks and ETFs, real holdings, and dividend payouts.