SpaceX's stock dropped 3% even after securing a $40 billion lease for NVIDIA GPUs and Fitch Ratings maintaining its BBB+ credit rating. The lease supports SpaceX's growing AI compute business, which now generates significant revenue but also shows customer concentration risk. This shift from traditional space operations to AI compute is influencing investor sentiment, affecting SpaceX and its space industry peers like Rocket Lab and AST SpaceMobile. The next key factor will be the lease closing on schedule and expanding SpaceX's AI customer base amid broader market conditions and upcoming tech earnings.
SpaceX trades at USD 144.34 on Pluang, down 2.86% as of Oct 28, 2026 22:22 WIB, with a market cap of $2.02T. Rocket Lab and AST SpaceMobile also fell, trading at USD 57.50 and USD 41.15, down 1.39% and 1.93% respectively. Pluang order activity shows cautious sentiment, especially for Rocket Lab with 95% sell orders.
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