FeesSafety
Pluang+

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

Market News
30 Oct 2026, 17:00 WIB
Finbold
View Source
Neutral
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 optimistic, rating SpaceX as a 'Strong Buy' with a projected 81% rally to $250.34 over the next year, supported by strong Q3 earnings, Starship advancements, and a potential Tesla merger. However, market volatility and tech sector concerns suggest caution in the near term.

SpaceX trades at USD 137.77 on Pluang as of Oct 30, 2026 21:11 WIB, down 4.25% in one day. The stock's 52-week high is USD 202.09, with a market cap of $1.95T. Pluang order activity shows 85% buy interest, indicating strong demand despite recent declines.

More News (SPCX)

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
1 day 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
1 day ago
Elon Musk says a Tesla-SpaceX merger is a good idea but needs nearly 2 billion shareholder votes to pass.

Elon Musk says a Tesla-SpaceX merger is a good idea but needs nearly 2 billion shareholder votes to pass.

Elon Musk expressed support for a merger between Tesla and SpaceX, calling it a good idea, but highlighted the challenge of securing a 50% vote from all Tesla shareholders, which translates to about 1.98 billion votes. The merger would face a high vo...

Company Fundamentals
Neutral
1 day ago
T-Mobile CEO rejects SpaceX MVNO deal, citing no customer growth benefit from satellite network.

T-Mobile CEO rejects SpaceX MVNO deal, citing no customer growth benefit from satellite network.

T-Mobile's CEO Srini Gopalan stated there is no room for a SpaceX mobile virtual network operator (MVNO) deal, as satellite service does not provide access to new customers beyond T-Mobile's reach. He emphasized that satellite networks, like SpaceX's...

Market News
Neutral
1 day ago
Alphabet's SpaceX investment caused a $0.55 EPS hit, dragging Q3 earnings down 26%.

Alphabet's SpaceX investment caused a $0.55 EPS hit, dragging Q3 earnings down 26%.

Alphabet's Q3 earnings fell 26% to $2.12 per share, mainly due to an $8.7 billion unrealized loss on its SpaceX investment, which cut EPS by $0.55. The stock price drop in SpaceX shares, which are largely restricted from sale, caused this paper loss....

Company Fundamentals
Bearish
1 day ago
banner-footerbanner-footer

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