President Donald Trump posted on Truth Social praising Space Force, which caused SpaceX (SPCX) stock to rise 2.79% that morning. The mention matters because SpaceX depends on Space Force contracts, including a $2.29 billion contract in May to build a military data network and a $1.6 billion order for 18 Falcon 9 launches in July. The stock was already up more than 1% in premarket trading, which weakens the presidential post as the sole catalyst. A financial disclosure released on August 22 showed Trump bought $15,001 to $50,000 worth of SPCX on June 23. JPMorgan repeated its $240 target, implying nearly 80% upside, with 33 analysts rating SPCX a Moderate Buy. Shareholders are watching the 370 million insider shares unlocking in September, a supply wave that could impact the stock more than one presidential post.
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