Ron Baron Backs Musk On Potential Tesla Merger

SPCX closed at $150.90, up 5.16% from the prior session.

Executive Summary

Space Exploration Technologies Corp (SPCX) closed September 16 at $150.90, up $7.41, or 5.16%, from the prior close of $143.49. Volume ran to 102,270,141 shares, well above the 77,272,293 average-to-date and above the prior session's 72,451,639. The stock traded between $144.36 and $153.01 on the day, an $8.65 range, and closed near the top of that range.

News coverage tied Wednesday's move to positioning ahead of SpaceX's next Starship flight, with Elon Musk saying the orbital launch is targeted for September 22 alongside a Starlink V3 rollout. Commentary on the stock ranged widely: one piece quoted Cathie Wood calling SPCX "deep value" at 66x sales while noting the shares were testing technical support, another cited a median Wall Street price target near $212, and a separate Motley Fool piece argued the stock could fall to $112 by June 2027 citing historical first-year IPO performance. A Benzinga piece also asked Tesla investor Ron Baron about a potential SpaceX-Tesla merger, without reporting any such deal as pending.

News

1. SpaceX-Tesla Merger: Ron Baron Told Elon Musk 'Whatever You Decide... Is What I'm Going to Support'

One of the biggest Tesla and SpaceX investors will back a merger of the two companies if that's what Elon Musk wants. (Benzinga, Sep 16, 3:01 PM ET)

2. Tesla Killed Its Solar Roof. Now Elon Musk Wants 100 GW of Solar

Tesla ended Solar Roof sales but is pursuing a $10.1B Texas solar factory as Elon Musk targets 100 GW of U.S. solar manufacturing. (Benzinga, Sep 16, 2:24 PM ET)

3. Tesla Gets Love From Ron Baron for Not Hitting Ducks: ‘Time to Buy The Stock is Now’

Tesla bull Ron Baron shares one of the big reasons why he thinks the stock is undervalued currently. (Benzinga, Sep 16, 1:58 PM ET)

4. Cathie Wood Says SpaceX Didn't Need an IPO—Until Data Centers in Space Came Along

Cathie Wood says Elon Musk’s orbital AI ambitions changed SpaceX’s capital needs and made public markets far more important. (Benzinga, Sep 16, 12:27 PM ET)

5. Intel Analyst Raises Price Target On Terafab, AI-Driven Turnaround

Tigress reaffirmed Intel’s Buy rating and raised its target to $145, citing Terafab, AI growth and strong Q2 results. (Benzinga, Sep 16, 11:52 AM ET)

6. SpaceX Stock Surges: What's Going On?

Space Exploration Technologies Corp (NASDAQ:SPCX) shares are trading higher Wednesday. Traders appear to be positioning around the company's upcoming Starship launch. (Benzinga, Sep 16, 11:48 AM ET)

7. Cathie Wood Calls SpaceX ‘Deep Value’ at 66x Sales

Cathie Wood sees SpaceX as “deep value,” but SPCX trades at 66x sales as its stock tests key technical support. (Benzinga, Sep 16, 8:21 AM ET)

8. Down 25%, Is Shopify Stock a Better Buy than SpaceX and the "Magnificent Seven" Stocks in September?

Shopify has declined 25% from its peak but continues strong revenue growth of 34% in H1 2026. However, its valuation at 70x forward earnings is expensive compared to alternatives. Alphabet emerges as a more attractive choice, trading at 17x earnings with accelerating growth in Google Cloud and promising AI/autonomous vehicle initiatives. (The Motley Fool, Sep 16, 7:03 AM ET)

Price Action

Metric	Value
Open	$144.86
High	$153.01
Low	$144.36
Close	$150.90
Change vs prior close	+$7.41 (+5.16%)
Volume	102,270,141
Intraday range	$8.65 ($144.36 – $153.01)
Close vs IPO offer price ($135.00)	+$15.90 (+11.78%)

SPCX opened at $144.86, near the prior close of $143.49, then pushed to a session high of $153.01 before settling at $150.90. The move erased the prior session's decline (close had fallen to $143.49 on September 15) and put the stock back above its $135.00 IPO offer price by 11.78%, though it remains $10.05, or 6.24%, below the June 12 IPO-day close of $160.95. Volume of 102.27 million shares was the heaviest since the prior session and ran well ahead of the 77.27 million average-to-date. SPCX rebounded sharply on above-average volume, closing near its session high.

Technicals

SPCX has been publicly traded for roughly three months since its June 12, 2026 IPO. That remains a limited history for technical analysis: the 200-day moving average is not yet computable from the available data, and shorter-window readings below should be treated as early-stage signals rather than fully seasoned ones.

Trend

The available moving averages are stacked in bullish order: SMA-5 at $148.39, EMA-5 at $148.30, and SMA-10 at $148.14 all sit above SMA-20 at $143.64, which in turn sits above SMA-50 at $134.49. Today's close of $150.90 sits above all of them. The short-term averages clustering near $148 mark the zone the stock reclaimed on today's advance, while SMA-50 near $134.49 sits close to the IPO offer price of $135.00, underscoring how far the stock has round-tripped since its debut.

Candle read

Today's candle had a body of $6.04 (close above open), an upper wick of $2.11, and a lower wick of $0.50, on a total range of $8.65. The close location value of 0.76 means the close landed 76% of the way up the day's range. The small lower wick indicates limited early selling pressure after the open, and the modest upper wick relative to the body shows buyers largely held the advance into the close rather than giving it back.

Support levels

• $148.14–$148.39 — the SMA-5/EMA-5/SMA-10 cluster
• $144.36 — today's session low
• $143.49–$143.64 — prior close, aligned with SMA-20
• $134.49–$135.00 — SMA-50, aligned with the IPO offer price

Resistance levels

• $150.90 — today's close
• $153.01 — today's intraday high
• $160.95 — the June 12 IPO-day close

Momentum interpretation

Bull scenario: SPCX holds above the $148.14–$148.39 short-term average cluster, opening a path back toward today's high of $153.01 and, beyond that, the IPO-day close of $160.95.

Bear scenario: SPCX loses today's low of $144.36, putting the $143.49–$143.64 prior-close/SMA-20 zone in play, with the $134.49–$135.00 SMA-50/IPO-offer-price zone as the next level below that.

Neutral scenario: RSI-14 at 57.29 is neither overbought (above 70) nor oversold (below 30), consistent with a stock that could continue consolidating within today's $144.36–$153.01 range before a directional resolution.

Trading Takeaway

SPCX's advance to $150.90 on above-average volume, with the close near the day's high, reclaimed the short-term moving-average cluster near $148 that the stock had slipped below in the prior session. That keeps the near-term structure constructive, with today's high of $153.01 and the IPO-day close of $160.95 as the levels to watch on further strength. A move back below today's low of $144.36 would put the prior-close/SMA-20 zone near $143.49–$143.64 back in focus, with the SMA-50/IPO-offer-price zone near $134.49–$135.00 as the next support band below that. SpaceX's next Starship flight, reported as targeted for September 22, is a scheduled catalyst ahead of the next several sessions.

Sources

1. SpaceX-Tesla Merger: Ron Baron Told Elon Musk 'Whatever You Decide... Is What I'm Going to Support' — Benzinga
2. Tesla Killed Its Solar Roof. Now Elon Musk Wants 100 GW of Solar — Benzinga
3. Tesla Gets Love From Ron Baron for Not Hitting Ducks: 'Time to Buy The Stock is Now' — Benzinga
4. Cathie Wood Says SpaceX Didn't Need an IPO—Until Data Centers in Space Came Along — Benzinga
5. Intel Analyst Raises Price Target On Terafab, AI-Driven Turnaround — Benzinga
6. SpaceX Stock Surges: What's Going On? — Benzinga
7. Cathie Wood Calls SpaceX 'Deep Value' at 66x Sales — Benzinga
8. Down 25%, Is Shopify Stock a Better Buy than SpaceX and the "Magnificent Seven" Stocks in September? — The Motley Fool
9. Elon Musk Predicts Solar Will Crush All Other Energy Sources to Below 0.1% Amid Texas Boom: 'So Obviously the Future' — Benzinga
10. 3 Lessons Learned From SpaceX for Anthropic IPO Investors This October — The Motley Fool
11. Prediction: This Will Be SpaceX's Stock Price by June 2027 (Hint: It Implies a Big Move) — The Motley Fool
12. Cathie Wood Sees $1 Billion Revenue Potential From 'Each Starship Launch' and $10 Trillion Annually by 2030, Elon Musk Says 'It's Not Impossible' — Benzinga
13. China, Russia Tell US to Halt Space Militarization After First Confirmation of Weapons in Orbit: 'Stop Preparing for War' — Benzinga
14. Elon Musk Touts 100 Times More Bandwidth With Starlink V3, Says Starship's First Orbital Launch Is Set for September 22 — Benzinga
15. Bernie Sanders Sends 'Message' to Tech CEOs: 'Stop Pouring' Hundreds of Millions to Defeat Congress Members Fighting for AI Guardrails — Benzinga
16. Alpaca Markets (SIP) — market data

Disclaimer

This report is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Data is sourced from Alpaca Markets (SIP) and the cited news providers as of the timestamps noted above and may be incomplete or subject to revision. Verify all figures independently before making any financial decision.