SpaceX (NASDAQ:SPCX) Stock Jumps 8.6% – Should You Buy?

Posted by Stanley Muller on Nov 6th, 2026

SpaceX (NASDAQ:SPCX – Get Free Report) was up 8.6% during mid-day trading on Friday. The company traded as high as $135.32 and last traded at $134.27. Approximately 114,251,907 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 103,713,539 shares. The stock had previously closed at $123.62.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: SpaceX is recovering after a two-day slide pushed shares below the $135 IPO price. A broader rebound in technology stocks is helping lift the stock, though the move does not remove the concerns behind the recent decline. Why SpaceX Stock Is Up Today
Positive Sentiment: The Qualcomm partnership to build Starlink Mobile’s 5G network, with deployment planned to start in 2027, offers a potential new growth avenue beyond satellite service. Google also reportedly bought additional SpaceX shares last quarter, a supportive signal of investor interest. SpaceX and Qualcomm 5G partnership Google’s SpaceX investment
Neutral Sentiment: Texas’ incoming Democratic governor, Gina Hinojosa, has raised concern among investors because she campaigned on pausing new data-center construction, which could affect SpaceX’s AI expansion. The near-term impact remains uncertain. Texas governor-elect and SpaceX investors
Negative Sentiment: Democrats’ wins in Texas and control of Congress have fueled worries about tighter scrutiny, permitting hurdles for data centers, and a less certain outlook for a potential Tesla–SpaceX merger. These concerns drove the recent selloff and remain an overhang. Election results cloud SpaceX data-center and merger outlook
Negative Sentiment: SpaceX’s mobile-network ambitions may require substantial spending: Deutsche Telekom’s CEO said competing with established carriers would require a costly land-based network. That raises questions about the capital and execution needed to turn the 5G opportunity into returns. Deutsche Telekom CEO on SpaceX’s mobile ambitions

Analyst Upgrades and Downgrades

SPCX has been the topic of a number of recent research reports. KeyCorp restated a “sector weight” rating on shares of SpaceX in a report on Wednesday, October 21st. Wells Fargo & Company increased their target price on shares of SpaceX from $214.00 to $274.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $245.00 price target on shares of SpaceX in a research report on Wednesday, October 21st. TD Cowen upped their price target on SpaceX from $200.00 to $224.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Finally, Wall Street Zen raised SpaceX from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $243.60.

Check Out Our Latest Analysis on SpaceX

SpaceX Stock Performance

The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20. The stock’s 50 day simple moving average is $149.32. The company has a market cap of $1.82 trillion and a PE ratio of 516.42.

SpaceX (NASDAQ:SPCX – Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.25. The company had revenue of $14.57 billion for the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The business’s revenue for the quarter was up 161.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.36) EPS. On average, equities research analysts anticipate that SpaceX will post 0.19 earnings per share for the current fiscal year.

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Alphabet Inc. raised its position in SpaceX by 0.7% in the third quarter. Alphabet Inc. now owns 555,043,560 shares of the company’s stock worth $83,733,871,000 after purchasing an additional 3,854,060 shares in the last quarter. SC US Ttgp LTD. acquired a new stake in SpaceX in the 2nd quarter valued at $20,933,621,000. Darsana Capital Partners LP acquired a new stake in SpaceX in the 2nd quarter valued at $17,335,783,000. K5 Global Advisor LLC bought a new stake in SpaceX in the second quarter valued at $6,587,531,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in SpaceX in the third quarter valued at $4,224,143,000.

About SpaceX

(Get Free Report)

Space Exploration Technologies Corp., commonly known as SpaceX, is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles and spacecraft designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.