FeesSafety
Pluang+

SpaceX shares drop 5% in two months amid high AI spending and costly expansion plans

Market News
01 Nov 2026, 12:04 WIB
Finbold
View Source
Bearish
SpaceX shares drop 5% in two months amid high AI spending and costly expansion plans

SpaceX stock fell 5.13% over the past two months, with a $1,000 investment now worth about $949. Investors are cautious due to the company's heavy AI investments, including a major deal with Anthropic, and high capital expenditures projected for Q4. Despite strong revenue growth in AI and Starlink segments, SpaceX reported a consolidated net loss for the first nine months of 2026 and negative free cash flow. Potential future growth hinges on expanding Starlink and AI infrastructure, with a possible merger with Tesla under evaluation.

SpaceX stock trades at USD 134.69 on Pluang as of Nov 01, 2026 17:21 WIB, down 6.39% in one day. The stock's market cap is $1.83 trillion with a volume of 121,658,895 shares. Pluang users show a nearly balanced order activity of 47% sell and 53% buy, reflecting mixed sentiment amid recent losses.

More News (SPCX)

SpaceX's AI unit faces ongoing lawsuit for Clean Air Act violations over gas turbines.

SpaceX's AI unit faces ongoing lawsuit for Clean Air Act violations over gas turbines.

A federal judge denied SpaceXAI's motion to dismiss a lawsuit filed by the NAACP alleging violations of the Clean Air Act. The suit claims SpaceX's AI division used 27 gas-fired turbines without proper permits to power data centers in Mississippi, ca...

Market News
Bearish
19 hours ago
T-Mobile jumps 7% as SpaceX's wireless network costs surge, reshaping telecom competition.

T-Mobile jumps 7% as SpaceX's wireless network costs surge, reshaping telecom competition.

T-Mobile's stock rose 7% following new estimates that SpaceX may need an additional $120-$130 billion to build a rival U.S. wireless network, raising concerns about SpaceX's competitive threat. Despite T-Mobile's strong Q3 earnings and raised forecas...

Market News
Neutral
1 day ago
SpaceX shares fall nearly 9% in October despite strong outlook and recent gains.

SpaceX shares fall nearly 9% in October despite strong outlook and recent gains.

SpaceX stock declined nearly 9% in October, dropping from $150.86 to $137.46 despite early-month gains above $170. Investors who bought in September or early October faced losses, though the stock remains above its IPO price of $135. Analysts remain ...

Market News
Neutral
2 days ago
Airlines race to adopt SpaceX's Starlink for faster in-flight WiFi as passenger demand soars

Airlines race to adopt SpaceX's Starlink for faster in-flight WiFi as passenger demand soars

More airlines are seeking to equip their fleets with Starlink, the satellite internet service owned by SpaceX, to meet growing passenger demand for fast and reliable in-flight WiFi. United Airlines CEO Scott Kirby called Starlink the biggest competit...

Market News
Bullish
2 days ago
Nearly 4 billion SpaceX shares unlocked, but stock holds steady amid strong profits and growth.

Nearly 4 billion SpaceX shares unlocked, but stock holds steady amid strong profits and growth.

About 3.89 billion SpaceX shares became eligible to trade within three months through October 26, 2026, following IPO lockup expirations. Despite this large supply, the stock price remained relatively stable, supported by the company's profitable Q3 ...

Market News
Bullish
2 days ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App