Hover to inspect · pre-market & after-hours shaded · MA(10) and RSI(14) computed from the session
SPCX · NASDAQ · October 29, 2026
Bloomberg Reports Anthropic Is SpaceX's $3 Billion-a-Month Customer B
SPCX closed at $143.82 on October 29, 2026, down 0.97% from the prior close of $145.23, on volume of 58,884,976 shares.
Executive Summary
SPCX slipped for a second straight session, closing at $143.82 after trading between $141.03 and $144.95. The stock opened at $142.26, moved higher during the session, and finished in the upper part of its daily range. Volume was 58,884,976 shares, about 0.55 times the average to date of 103,893,603, so the decline came on light participation. The close is $8.82 above the $135.00 IPO offer price and $17.13 below the first-day close of $160.95.
The headlines were mostly about other companies. Benzinga reported a Bloomberg exclusive identifying SpaceX's largest customer, at $3 billion a month, as Anthropic. Several Motley Fool pieces tied SpaceX to Anthropic's IPO filing, either as a comparison for how a hot IPO can underperform or as a counterparty in a compute contract. Benzinga also reported that Alphabet booked an $8.7 billion paper loss on its SpaceX stake, which cut its EPS by 55 cents. Other items covered Putin's comments about Musk and a Russian Starlink alternative, and a Senate subpoena threat tied to Starlink in Ukraine. The headlines do not show that any single item drove today's move, and this report does not claim one did.
News
1. 'SpaceX’s Largest, $3 Billion-a-Month ‘Customer B’ is Anthropic' - Bloomberg Exclusive
(Benzinga, Oct 29, 3:31 PM ET)
2. SpaceX vs. Nvidia: The Best AI Stock to Buy Now
While SpaceX's AI division showed explosive 830% revenue growth in Q3, Nvidia remains the superior AI investment choice. SpaceX trades at a 41x forward price-to-sales ratio compared to Nvidia's 12x, and Nvidia maintains a 66% operating margin versus SpaceX's 5.7%. Though SpaceX is in a growth phase prioritizing market share, Nvidia's combination of strong growth (106%), profitability, and valuation makes it the safer, more reliable AI stock investment. (The Motley Fool, Oct 29, 3:00 PM ET)
3. Blame SpaceX for Most of Google’s Shocking Earnings Miss — And Brace for More
Alphabet's $8.7 billion paper loss cut EPS by 55 cents as SpaceX shares fell, with further valuation swings threatening Q4 earnings. (Benzinga, Oct 29, 12:53 PM ET)
4. Alphabet Bulls Dig in After Messy Q3: 'AI Stack Keeps Us Bullish' Cantor Says
Alphabet stock falls 12% after Q3 earnings missed estimates; analysts cut price targets but mostly stayed bullish. (Benzinga, Oct 29, 12:00 PM ET)
5. Anthropic Investors Beware: IPOs Significantly Underperform the Market in Year 1
Anthropic's anticipated IPO, expected to raise up to $100 billion with a $1.5-2 trillion valuation, faces headwinds as historical data shows IPO stocks significantly underperform the market within their first year. While IPOs average 18% first-day gains (35.2% for tech stocks), they typically decline 3% after three months and 14% after six months. SpaceX's recent IPO exemplifies this pattern, peaking at $225 before falling to $149. The article cautions investors to avoid IPO stocks until they've traded publicly for at least six months. (The Motley Fool, Oct 29, 11:34 AM ET)
6. FCC Aims To Auction 25 Megahertz Of Prime, Mid-Band Spectrum
(Benzinga, Oct 29, 11:09 AM ET)
7. Bitcoin Drops to $80,000 After Fed Meeting: Is the Bear Thesis Playing Out?
Bitcoin’s bearish checklist reaches three as Cowen says hot PCE could push yields higher and trigger a Q4 selloff. (Benzinga, Oct 29, 9:34 AM ET)
8. GOOGL, MSFT AI Capex Worries Hammer Neocloud Stocks: CRWV, NBIS, IREN, APLD Give Up Best Week in Over 2 Months
AI infrastructure stocks fell after Microsoft and Alphabet reported lower-than-expected capex, raising concerns about hyperscaler spending. (Benzinga, Oct 29, 8:10 AM ET)
Price Action
| Metric | Value |
|---|---|
| Open | $142.26 |
| High | $144.95 |
| Low | $141.03 |
| Close | $143.82 |
| Change vs prior close | -0.97% (from $145.23) |
| Volume | 58,884,976 |
| Intraday range | $3.92 |
| Close vs IPO | $143.82 vs. $160.95 IPO-day close; $8.82 above the $135.00 offer price |
SPCX opened $2.97 below the prior close, a gap down from $145.23 to $142.26. Buyers lifted it to the $144.95 high, which stayed $0.28 below the prior close. The stock never got back to yesterday's closing level. The low of $141.03 came $1.23 under the open, and the close at $143.82 sat $2.79 above that low.
Volume was well below normal. At 58,884,976 shares, it compares with 98,802,729 on the prior day and the 103,893,603 average to date. The prior session's close at $145.23 was itself a drop from $148.58. The two-day decline totals $4.76, about 3.2% from the October 27 close.
The takeaway: SPCX gave back a little more ground on light volume, but sellers did not press the close to the lows.
Technicals
SPCX has traded for only about four and a half months, so long-horizon indicators are not meaningful yet. The 14-day RSI and the 20, 50 and 200-day moving averages do not have enough history behind them to be reliable signals, and the 200-day average is not available at all. The read below rests on price structure, candle shape, volume and real price levels from the data.
Trend
The short-term trend is down. The close of $143.82 is below the 5-day average of $146.40 and the 10-day average of $147.79. The recent sequence of closes ($148.58, $145.23, $143.82) is lower each day. The stock spiked to $159.31 on October 21, then fell to $144.75 the next day, and it has not recovered that level.
The wider picture is a range. Since late August, closes have mostly stayed between about $135 and $172. The October 6 close of $171.92 marks the top of that stretch, and the August low area near $135 to $140 marks the base. The current price sits in the lower-middle part of that band. The stock is far below its June peak close of $201.8 and well above its July–August low close of $108.27.
Candle read
The candle is a small down day. The body is $1.56 (open $142.26, close $143.82), with an upper wick of $1.13 and a lower wick of $1.23. The total range is $3.92. The close location is 0.71, meaning the close landed about 71% of the way up the day's range. The two wicks are about equal and the body is small relative to the range, which describes two-way trading and no strong conviction either way. Note that the close ($143.82) was above the open ($142.26), so the candle itself is a modest gain even though the stock fell against the prior close because of the opening gap.
Support levels
- $141.03: today's intraday low, the nearest floor.
- $140.00: a round number near the August 14 close and the lower edge of the late-August cluster.
- $135.00: the IPO offer price and near the August 24 close. A break below it would put the stock under its offer price.
Resistance levels
- $144.95: today's high.
- $145.23: the prior close, now the level the stock failed to reclaim.
- $146.40 to $147.79: the 5-day and 10-day averages.
- $148.58: the October 27 close.
Momentum interpretation
Bull case: A move back above $145.23, and then through the $146.40 to $147.79 area, would show buyers retaking the gap. Volume closer to the 103,893,603 average would add weight to such a move.
Bear case: A drop below $141.03 would extend the two-day slide and open the way toward $140.00. A close below $135.00 would put the stock under its offer price for the first time since early August.
Neutral case: Trade between $141.03 and $145.23 would keep the stock in the same narrow band. Light volume suggests the market is waiting for news rather than reacting to it.
Trading Takeaway
SPCX is in a mild short-term pullback inside a wider range. Today's drop was small, volume was light, and the stock closed in the upper part of its range, so there was no sign of forced selling. Still, the stock gapped down, could not fill the gap, and closed below its 5-day and 10-day averages.
For the next session, the levels to watch are $141.03 and $140.00 on the downside, and $144.95, $145.23 and the $146.40 to $147.79 area on the upside. The news flow around Anthropic's IPO and Alphabet's SpaceX-related loss is likely to keep the stock in the headlines, but the data here does not show that it is moving price on its own.
Sources
- Benzinga — SpaceX's Largest, $3 Billion-a-Month 'Customer B' is Anthropic
- The Motley Fool — SpaceX vs. Nvidia: The Best AI Stock to Buy Now
- Benzinga — Blame SpaceX for Most of Google's Shocking Earnings Miss
- Benzinga — Alphabet Bulls Dig in After Messy Q3
- The Motley Fool — Anthropic Investors Beware
- Benzinga — FCC Aims To Auction 25 Megahertz Of Prime, Mid-Band Spectrum
- Benzinga — Bitcoin Drops to $80,000 After Fed Meeting
- Benzinga — GOOGL, MSFT AI Capex Worries Hammer Neocloud Stocks
- Fiscal.ai — Russian President Comments on Cooperation with SpaceX CEO
- The Motley Fool — Alphabet, Amazon, SpaceX, Microsoft, Broadcom, and AMD Are Counting on Anthropic's IPO
- Benzinga — Kevin O'Leary Says Anthropic IPO Offers What SpaceX Didn't
- The Motley Fool — If There Was Ever a Reason to Avoid the Anthropic IPO, This Is It
- Benzinga — Delaware Senator Threatens to Subpoena Elon Musk
- Benzinga — Putin Calls Musk a 'Real Genius' as Russia Races to Build Starlink Rival
- The Motley Fool — Anthropic's IPO Is Coming: 5 Key Numbers Investors Need to Know
- The Motley Fool — This Is SpaceX's Biggest Risk, and It's Not What You Think
- Benzinga — Marjorie Taylor Greene Agrees With Mark Cuban
- Alpaca Markets (SIP) — market data
Disclaimer
This report is for informational purposes only and is not investment advice. It does not recommend buying or selling any security. Market data and news summaries may contain errors or delays, so verify all figures independently with your broker or an official source before making any decision.