SpaceX shares have rebounded sharply from their early-August low, climbing back above the $135 IPO price as investors reassess the company's heavy artificial intelligence spending and long-term growth prospects. The recovery followed the expiry of the first insider lock-up period without the feared wave of selling, the release of Grok 4.6, Musk's comments that Grok 4.7 is three to four weeks away, and disclosure of a plan to train Grok on SpaceX's internal knowledge base. On Wednesday, the stock rose 12% to $149.29, leaving it up 36% over five sessions and more than 28% so far this month, though still about 35% below its record near $226. Musk told employees at an all-hands meeting that they would "effectively be the parents of the AI" as Grok absorbs SpaceX's accumulated engineering knowledge, and said AI-generated revenue is projected to exceed revenue from rockets and satellites by September 2026. The plan could give Grok a distinctive technical training corpus, but it also raises unresolved questions around employee consent, data handling and compliance with ITAR, the U.S. export-control regime for defense-related technical data.