SpaceX Plans $40 Billion Borrowing for Nvidia AI Chips

SPCX closed at $156.59 on October 13, down 4.18% from the prior close of $163.42, on volume of 62,182,908 shares.

Executive Summary

SPCX opened at $161.982, which was also the session high, and sold off to a low of $156.00 before closing at $156.59. That close sits in the bottom 10% of the day's range. It ended the run of three straight higher closes (160.57 on October 8, 162.57 on October 9, 163.42 on October 12). Volume was 0.58 times the average to date, so the decline came on lighter participation than usual.

The day's headlines were mixed. Two Motley Fool pieces focused on a reported plan to borrow $40 billion to buy Nvidia chips, and one cited a 76% rise in credit default swap prices since June. Benzinga reported that Piper Sandler downgraded AST SpaceMobile on competitive concerns tied to SpaceX, and that analysts are debating SpaceX's $8B spectrum deal. A Zacks comparison and a Barclays initiation, as summarized by The Motley Fool, were more favorable. The data here cannot show which of these, if any, drove the move, so the headlines are context rather than explanation.

News

1. Paul Tudor Jones Says Oil Can Rally Another $25, Warns 2027 Will Be 'Really Challenging' for Stocks

Paul Tudor Jones sees oil rising another $20 to $25 a barrel and warns 2027 could be a difficult year for stocks. (Benzinga, Oct 13, 1:07 PM ET)

2. Analyst Sees SpaceX Squeezing AST SpaceMobile on Launch Access and Pricing

AST SpaceMobile shares fell after Piper Sandler downgraded the stock to Neutral and cut its price target to $54 from $98. (Benzinga, Oct 13, 12:12 PM ET)

3. EXCLUSIVE: SpaceX’s Mobile Push to Pay Off, 73% of Benzinga Viewers Would Consider Switching

Benzinga viewers share whether they would switch from their mobile carrier to SpaceX. Affordability is key. (Benzinga, Oct 13, 10:22 AM ET)

4. Celestica vs. SpaceX: Which Aerospace Stock is the Better Buy Now?

SpaceX (SPCX) emerges as the better investment pick compared to Celestica (CLS), driven by stronger price performance, significant upward earnings revisions (350% over 60 days), and a higher Zacks Rank #2 (Buy). While CLS offers more attractive valuation metrics with lower price-to-sales ratio, SPCX's projected 136.2% sales growth in 2026 and commanding market position in commercial launches outweigh valuation concerns. However, SPCX faces margin uncertainty due to heavy capital investments in AI infrastructure initiatives. (Zacks Investment Research, Oct 13, 10:01 AM ET)

5. Bond Investors Are Wary of SpaceX's Borrowing Binge to Buy Nvidia Chips

SpaceX plans to borrow $40 billion to purchase Nvidia chips for AI infrastructure, which would double its existing debt. Bond investors are concerned about the company's ability to repay, as evidenced by a 76% surge in credit default swap prices since June. Despite having $100 billion in cash on hand from its recent IPO, SpaceX is burning through funds rapidly, raising questions about whether the company can compete in the AI space. (The Motley Fool, Oct 13, 9:37 AM ET)

6. FAA Plans To Prepare Programmatic Environmental Impact Statement To Analyze SpaceX's Proposal To Increase Starship-Super Heavy Operations At Boca Chica Launch Site In Texas

(Benzinga, Oct 13, 9:09 AM ET)

7. SpaceX's Wireless Push Sparks Wall Street Skepticism: Is the Stock Getting Ahead of Itself?

Analysts debate SpaceX's $8B spectrum deal as $SPCX stock climbs. Will Starlink's telecom push pay off? Read the analysis. (Benzinga, Oct 13, 9:00 AM ET)

8. SpaceX Plans to Take on $40 Billion in New Debt. Here's Why Investors Should Get Used to This

SpaceX is planning to raise $40 billion in debt to purchase GPUs from Nvidia for AI development. The company's capital expenditure is accelerating dramatically, with projections of $200 billion annually in 2027-2028, up from $28.5 billion in the first half of 2026. While SpaceX has significant long-term growth potential in AI, investors face concerns about rising cash burn, debt servicing costs, and an already inflated $2.2 trillion valuation despite the company's lack of profitability. (The Motley Fool, Oct 13, 7:30 AM ET)

Price Action

Metric	Value
Open	$161.982
High	$161.982
Low	$156.00
Close	$156.59
Change vs prior close	-4.18% (-$6.83 from $163.42)
Volume	62,182,908 (prior session: 67,518,617)
Intraday range	$5.98
Close vs IPO	-$4.36 (-2.71%) vs the $160.95 first-day close; +$21.59 (+15.99%) vs the $135.00 offer price

The stock opened at its high and never traded above the open. Sellers held control through the session, and the close came 59 cents above the low. Volume was lower than the prior session and well under the average of 95,279,585 shares to date (0.58x). A drop of this size on below-average volume shows less conviction than a high-volume breakdown would, but it does not reverse the damage to the short-term trend.

The larger picture is a recovery that stalled. SPCX closed at $148.07 on October 1, then rose to a closing high of $171.92 on October 6. Since then it has given back part of that move. Today's close is 8.9% below the October 6 close.

Takeaway: SPCX gave up its early-October gains on a gap-free, open-to-low slide that closed near the lows, on lighter than average volume.

Technicals

SPCX has traded for roughly four months, so its history is short. The 200-day moving average is not available because there are not enough bars. The indicators that are available (RSI-14, SMA-20, SMA-50) rest on a limited sample and should be read alongside price structure, candle shape, volume, and real levels rather than on their own.

Trend

The close of $156.59 is below the 5-day SMA ($162.15), the 5-day EMA ($160.96), and the 10-day SMA ($161.17). It is above the 20-day SMA ($155.82) by 77 cents and above the 50-day SMA ($146.18). The short-term trend has turned down, while the 20-day average is the first test of the intermediate trend. RSI-14 is 52.12, which is neutral and does not point to an overbought or oversold condition.

Over a longer window, the stock is well below its June 16 closing high of $201.80 and well above its August 5 closing low of $108.27.

Candle read

The candle is a bearish marubozu-style bar with a small lower wick. The body is -5.39, the upper wick is 0, the lower wick is 0.59, and the total range is 5.98. The open equaled the high, so there was no upside rejection to read, only a steady move lower. The close location of 0.1 puts the close near the bottom of the range. Buyers did not push the close back up from the low. A candle that closes at its low usually means the pressure was still present at the end of the session.

Support levels

• $156.00: today's intraday low, the first level to hold.
• $155.82: the 20-day SMA, almost the same price as the day's low.
• $154.72 to $154.81: the closes of September 22 and September 17, the top of the September range.
• $150.00: a round number, near the September 30 close of $150.86.
• $148.07: the October 1 close, the base of the early-October rally.
• $146.18: the 50-day SMA.

Resistance levels

• $161.982: today's open and high.
• $160.95: the IPO-day close, a reference level since the first session.
• $162.15: the 5-day SMA.
• $163.42: the prior close, which a rebound would need to recover to cancel today's loss.
• $171.09 to $171.92: the closes of October 5 and October 6, the recent closing highs.

Momentum interpretation

Bull scenario: SPCX holds the $156.00 to $155.82 area and recovers $160.95 to $162.15 on rising volume. A close above $163.42 would erase today's decline and put the October 5 to 6 closes near $171 back in view.

Bear scenario: a close below $155.82 and $156.00 would put the 20-day SMA behind the price. The next levels to watch would be $154.72 to $154.81, then $150.00, then $148.07.

Neutral scenario: the stock stays between $156.00 and $162.15. With RSI-14 at 52.12 and the price straddling the 20-day SMA, it could consolidate in that band while the short-term averages flatten.

Trading Takeaway

Today's session was a clear one-way decline with a close near the low, but on volume below the average to date. The 20-day SMA at $155.82 and the day's low at $156.00 form a tight support zone that the next session will test. Above, $160.95 to $162.15 is a dense cluster of reference levels (IPO close, session high and open, 5-day SMA), and $163.42 is the prior close.

Key levels for the next session: support at $156.00 and $155.82, then $154.72 to $154.81; resistance at $160.95, $161.982 to $162.15, and $163.42. Watch volume as well. A move through either side of the range on volume near or above the 95,279,585-share average would carry more weight than today's lighter-volume decline.

Headline risk remains elevated. Reports about debt financing and credit spreads, along with analyst debate over the spectrum deal, are the stories most likely to influence sentiment.

Sources

1. Benzinga: Analyst Sees SpaceX Squeezing AST SpaceMobile on Launch Access and Pricing. https://www.benzinga.com/trading-ideas/movers/26/10/62331929/analyst-sees-spacex-squeezing-ast-spacemobile-on-launch-access-and-pricing
2. Zacks Investment Research: Celestica vs. SpaceX: Which Aerospace Stock is the Better Buy Now? https://www.zacks.com/stock/news/3006176/celestica-vs-spacex-which-aerospace-stock-is-the-better-buy-now?cid=CS-ZC-FT-analyst_blog|most_popular_stocks-3006176
3. The Motley Fool: Bond Investors Are Wary of SpaceX's Borrowing Binge to Buy Nvidia Chips. https://www.fool.com/investing/2026/10/13/bond-investors-are-wary-of-spacexs-borrowing-binge/?source=iedfolrf0000001
4. The Motley Fool: SpaceX Plans to Take on $40 Billion in New Debt. Here's Why Investors Should Get Used to This. https://www.fool.com/investing/2026/10/13/spacex-plans-to-take-on-40-billion-in-new-debt-here-s-why-investors-should-get-used-to-this/?source=iedfolrf0000001
5. Benzinga: SpaceX's Wireless Push Sparks Wall Street Skepticism: Is the Stock Getting Ahead of Itself? https://www.benzinga.com/markets/tech/26/10/62322575/spacexs-wireless-push-sparks-wall-street-skepticism-is-the-stock-getting-ahead-of-itself
6. The Motley Fool: Wall Street Analyst Predicts 30% Upside for Palantir and 60% for SpaceX. Is It Time to Buy the Stocks? https://www.fool.com/investing/2026/10/13/analyst-predict-upside-palantir-spacex-buy-stock/?source=iedfolrf0000001
7. 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 headlines may contain errors or be delayed. Verify all figures independently with a primary source before making any financial decision.