SpaceX CEO Elon Musk expressed confidence in the Grok 4.7 AI model on August 17, 2026. Musk emphasized the competitive advantage provided by the company's proprietary training data. This strategic focus follows the acquisition of xAI earlier in 2026. Musk identified Anthropic as a significant competitor to the company's AI initiatives.
Investors are monitoring the company's AI expansion due to its high price-to-sales ratio. This valuation indicates that significant future growth is already priced into the stock.
Harvard University's investment arm held a $2.2 billion stake in SpaceX. This position was reported as of June 30, 2026. The stake represents the largest single holding in the university's U.S. equity portfolio.