Musk Confirms SpaceX and Tesla Are Exploring a Merger

SPCX closed at $148.59 on October 27, 2026, up 1.15% from the prior close of $146.90, on volume of 83,006,897 shares.

Executive Summary

SPCX gained $1.69 on the session, finishing at $148.59 after trading between $146.61 and $151.36. The stock opened at $147.42, pushed up to the high, and gave back part of that move into the close, finishing in the lower half of the day's range. Volume of 83,006,897 shares was about 77% of the average to date (102,805,427), so the advance came on lighter participation than usual.

The day's headlines centered on SpaceX itself. Coverage included a report that Deutsche Bank raised its price target on SpaceX from $235 to $250 while keeping a Buy rating, and a Zacks article citing a mean analyst target of $249.7. Other stories discussed the reported Tesla-SpaceX merger exploration, comments from Verizon's CEO about SpaceX entering wireless, and Elon Musk's statement that SpaceX expects to launch a mobile wireless service within two to three years. The headlines also noted Anthropic's IPO filing, which lists SpaceX among its compute commitments. These are third-party reports and opinions. This report does not endorse any analyst target, and readers should check the underlying articles.

News

1. Why Rocket Lab Stock Took Flight on Tuesday

Rocket Lab stock surged 8.28% on Tuesday after announcing that its Neutron rocket's second stage and thrust module have departed the factory and are en route to the Virginia launch site for testing. Cantor Fitzgerald reiterated an overweight rating with a $122 price target, suggesting 127% upside potential. The company previously delayed Neutron's inaugural launch from year-end 2026 to Q2 2027 due to a propellant dome defect. (The Motley Fool, Oct 27, 2:56 PM ET)

2. Verizon CEO Says SpaceX Could Spend $500 Billion to Enter Wireless. Is That the Real Barrier?

Verizon's CEO estimates SpaceX could spend up to $500 billion building a terrestrial wireless network. Can Elon Musk find a cheaper route? (Benzinga, Oct 27, 1:52 PM ET)

3. Why Is Applied Digital Stock Surging on Tuesday?

Applied Digital Corporation (NASDAQ: APLD) stock moved higher Tuesday as tech led market gains and data center operators pushed back against AI demand concerns. (Benzinga, Oct 27, 1:48 PM ET)

4. Alphabet Is Set to Become an Even Bigger Anthropic Shareholder After the IPO

Anthropic is targeting a $2 trillion IPO valuation this year, which could eclipse SpaceX as the biggest IPO in history. Alphabet, already owning an estimated 14% stake in the AI company, is positioned to significantly increase its shareholding through an exclusive option to purchase up to $10 billion in additional shares at the IPO price, plus $20 billion in reserved investment capacity. However, Amazon is expected to remain the largest shareholder with a 15%-20% stake. (The Motley Fool, Oct 27, 12:55 PM ET)

5. Why Is Cipher Digital Stock Surging on Tuesday?

Cipher Digital Inc. (NASDAQ: CIFR) stock climbs on Tuesday during broader data center relief and positioning ahead of third-quarter financial results. (Benzinga, Oct 27, 12:04 PM ET)

6. Verizon Analyst Remains On Sidelines Despite Strong Q3 Earnings, Expanded Broadband

Verizon's Q3 EBITDA, EPS and free cash flow beat estimates. Strong subscriber momentum lifted 2026 guidance, but BofA kept a Neutral rating. (Benzinga, Oct 27, 11:55 AM ET)

7. Why Is IREN Stock Surging Tuesday?

Why did IREN stock jump 8%? Discover the drivers behind the AI infrastructure rebound, critical support levels, and Wall Street forecasts. (Benzinga, Oct 27, 10:22 AM ET)

8. Here Is What a $5,000 Investment in SpaceX Could Be Worth by 2028

SpaceX delivered impressive Q3 results with strong growth across its divisions, particularly in its new 'super intelligence' segment which grew 830% year-over-year. The company's connectivity division (Starlink) generated $5.3 billion in revenue with $2.37 billion in operating income. CEO Elon Musk projects annual recurring revenue could reach $500 billion to $1 trillion by end of 2027. Based on a potential $500 billion revenue valuation at 10x sales, a $5,000 investment could grow to approximately $12,500 by 2028. (The Motley Fool, Oct 27, 9:15 AM ET)

Price Action

Metric	Value
Open	$147.42
High	$151.36
Low	$146.61
Close	$148.59
Change vs prior close	+$1.69 (+1.15%)
Volume	83,006,897
Intraday range	$4.75
Close vs IPO	$12.36 below the $160.95 IPO-day close; $13.59 above the $135.00 IPO offer price

The stock opened $0.52 above the prior close of $146.90 and held above it all session, since the low of $146.61 was just under that level. The high of $151.36 was set during the session, and the stock then faded to close $2.77 below it. Prior-session volume was 103,282,501 shares, so today's volume was roughly 20,000,000 shares lower.

The close of $148.59 sits above the $135.00 offer price and below the first-day close of $160.95.

The takeaway: a modest gain on below-average volume, with a close in the lower half of the range after an intraday push to $151.36.

Technicals

SPCX has only a few months of trading history, so the 200-day moving average is not available. The 14-day RSI and the shorter moving averages are computable, but they rest on a short sample and should be treated with caution. The read below leans on price structure, candle shape, volume and real levels from the data.

Trend

The 5-day simple moving average is $149.41, the 10-day is $148.96 and the 50-day is $149.42. The 20-day is $155.06. The close of $148.59 is just below the 5-, 10- and 50-day averages and below the 20-day. The 5-day exponential average is $148.52, just under the close. RSI-14 is 47.46, near the middle of its range and not signalling a stretched condition in either direction.

The closing history shows a wide swing. The stock peaked at a close of $201.80 on June 16, fell to a close of $108.27 on August 5, recovered to the $140s in August and September, spiked to $171.92 on October 6, and has since returned to the mid-$140s. The recent closes of $144.75 (October 22), $147.49, $146.90 and $148.59 show the stock holding in a narrow band after the $159.31 close on October 21.

Candle read

The candle has a body of $1.17 (open $147.42, close $148.59), an upper wick of $2.77, a lower wick of $0.81 and a total range of $4.75. The close location is 0.42, meaning the close sat 42% of the way up the range. The upper wick is the longest part of the candle, which indicates that buyers pushed price to $151.36 but could not hold it. The small body and modest lower wick show limited net movement from open to close. Together, this is a mixed candle: a green body with a rejection of higher prices.

Support levels

• $147.42, the day's open.
• $146.90, the prior close, and $146.61, the session low. These sit close together and form the nearest support zone.
• $144.75, the October 22 close, the lowest recent close.
• $135.00, the IPO offer price, a round-number reference well below the current price.

Resistance levels

• $149.41 and $149.42, the 5-day and 50-day averages, directly above the close.
• $151.36, the session high.
• $155.06, the 20-day average.
• $159.31, the October 21 close, and $160.95, the IPO-day close.

Momentum interpretation

Bull scenario: a close above $151.36, the session high, would take out the day's rejection point and put the $155.06 20-day average in view. Participation matters here, since today's volume was below average.

Bear scenario: a close below $146.61, the session low, would break under the prior close and the open and bring $144.75 into focus. A move through that level would leave the $135.00 offer price as the next reference.

Neutral scenario: continued trading between $146.61 and $151.36 would keep the stock in the same range, with the clustered averages near $149 acting as a pivot.

Trading Takeaway

SPCX rose 1.15% to $148.59 on lighter-than-average volume, closing in the lower half of a $4.75 range with a long upper wick. The price is sitting almost on top of the 5-day, 10-day and 50-day averages, and RSI-14 at 47.46 is neutral. The structure is balanced, with no clear directional edge in today's data.

Levels for the next session: support at $147.42, $146.90 and $146.61, then $144.75. Resistance at $149.41 to $149.42, $151.36 and $155.06. Volume relative to the 102,805,427-share average will show whether a break of either side of the range has participation behind it.

Sources

1. Why Rocket Lab Stock Took Flight on Tuesday — The Motley Fool
2. Verizon CEO Says SpaceX Could Spend $500 Billion to Enter Wireless. Is That the Real Barrier? — Benzinga
3. Why Is Applied Digital Stock Surging on Tuesday? — Benzinga
4. Alphabet Is Set to Become an Even Bigger Anthropic Shareholder After the IPO — The Motley Fool
5. Why Is Cipher Digital Stock Surging on Tuesday? — Benzinga
6. Verizon Analyst Remains On Sidelines Despite Strong Q3 Earnings, Expanded Broadband — Benzinga
7. Why Is IREN Stock Surging Tuesday? — Benzinga
8. Here Is What a $5,000 Investment in SpaceX Could Be Worth by 2028 — The Motley Fool
9. Does SpaceX (SPCX) Have the Potential to Rally 69.98% as Wall Street Analysts Expect? — Zacks Investment Research
10. Zacks Investment Ideas feature highlights: SpaceX and Tesla — Zacks Investment Research
11. Deutsche Bank Raises SpaceX Price Target to $250 — Fiscal.ai
12. SpaceX CEO Elon Musk Targets Mobile Wireless Service Launch Within Three Years — Fiscal.ai
13. Scott Galloway Warns Tesla Is the 'Patient' and SpaceX Its 'Organ Donor' in Elon Musk's $3.5 Trillion Merger Plan — Benzinga
14. Anthropic Could Defy the AI Spending Curse: Analysts See Early Profit Signs and Massive Cash Cushion — Benzinga
15. Satya Nadella Says He Was Wrong About AI Alignment — Benzinga
16. Cathie Wood Says 'Genius' Elon Musk is Pushing the World Towards 9% GDP Growth With TSLA, SPCX — Benzinga
17. Anthropic's IPO Filing Reveals Over $500 Billion AI Compute Spending Across AMZN, GOOGL, MSFT, AVGO and SPCX — Benzinga
18. Verizon CEO Open to Working With Elon Musk's Starlink, But There's One Deal He Won't Touch — Benzinga
19. Elon Musk Predicts a Wave of Failures Among AI Cloud Companies. Is SpaceX Stock a Sell? — The Motley Fool
20. Tesla Could Go Beyond Robotaxis Into Underground Travel And Electric Aviation — TSLA Could 'Own' Transportation, ARK Says — Benzinga
21. Alpaca Markets (SIP) — market data

Disclaimer

This report is for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Market data and third-party news may contain errors or be delayed. Verify all figures independently with your broker or an official source before making any decision. Past price behavior does not indicate future results.