SPCX intraday price chart for October 5, 2026

Hover to inspect · pre-market & after-hours shaded · MA(10) and RSI(14) computed from the session

Open

$158.99

High

$172.47

Low

$158.62

$171.08

Volume

123.6M

Vol/Avg

1.26×

SPCX · NASDAQ · October 5, 2026

SpaceX Rallies as Morgan Stanley, Bernstein Tout AI Upside

$171.08 +$12.12 +7.62% vs prior close

SPCX closed at $171.08 on October 5, 2026, up 7.62% from the prior close of $158.96, on volume of 123,623,091 shares.

Executive Summary

SPCX rose $12.12 on Monday and finished near the top of its range. The stock opened at $158.985, traded as low as $158.62, and reached a high of $172.47 before closing at $171.08. That is the highest close in the data since July 1, when the stock closed at $157.54 after a $170.86 close on June 30. Friday's close of $158.96 had already marked a large gain from $148.07 the day before, so the stock has now added roughly $23 over two sessions.

The headlines point to analyst support as the main driver. Benzinga reported that shares were jumping after multiple analysts published supportive research notes, and Morgan Stanley's Adam Jonas described SpaceX as undervalued on growth-adjusted metrics. Other coverage touched on reported talks with Microsoft over AI computing capacity, Elon Musk's role in a government taskforce called Project Meridian, and the renaming of SpaceX's AI unit to SpaceXSI. The Motley Fool carried both a cautious valuation piece and a warning about Musk's government role. The market reaction on the day was clearly positive, but the coverage was mixed in tone.

News

1. SpaceX Stock Rises as Analysts See Significant Upside

Space Exploration Technologies Corp (NASDAQ:SPCX) shares are jumping Monday after multiple analysts published supportive research notes on the company. (Benzinga, Oct 5, 2:31 PM ET)

2. 'SpaceX Proposes Gas Pipeline to Supply Cape Canaveral Rockets' - Bloomberg

(Benzinga, Oct 5, 2:26 PM ET)

3. Elon Musk Is Back Working With the U.S. Government. Why That Could Be Trouble for SpaceX's Stock

Elon Musk has been appointed to co-lead 'Project Meridian,' a 120-day government taskforce studying future warfare capabilities. The article warns that SpaceX investors should be concerned, as Musk's previous government involvement with the Department of Government Efficiency led to negative press and a 34% decline in Tesla's stock. SpaceX, with its $2.2 trillion valuation and lack of profitability, could be particularly vulnerable to similar negative sentiment surrounding Musk's latest government role. (The Motley Fool, Oct 5, 2:20 PM ET)

4. Trump and Elon Musk Ditch ‘AI’: Why Silicon Valley Is Pivoting to ‘Super Intelligence’

Trump is replacing “AI” with “Super Intelligence.” Elon Musk is following, renaming SpaceXAI to SpaceXSI as Washington reshapes the AI narrative. (Benzinga, Oct 5, 12:55 PM ET)

5. Microsoft Could Be SpaceX's Next Big AI Customer: Bernstein Sees AI Revenue Surging Nearly 500%

SpaceX held talks with Microsoft over AI computing capacity as Bernstein forecasts AI revenue could reach $115 billion next year. (Benzinga, Oct 5, 12:16 PM ET)

6. Why TSMC’s Talks with Elon Musk Are a Direct Threat to Intel’s Chip Ambitions

TSMC’s talks with Elon Musk over Terafab could challenge Intel’s role in the Texas chip project and put its 14A foundry ambitions to the test. (Benzinga, Oct 5, 11:21 AM ET)

7. SpaceX Is 'Cheap and Getting Cheaper' Morgan Stanley Says

Morgan Stanley’s Adam Jonas sees SpaceX as undervalued on growth-adjusted metrics, with major AI upside tied to compute pricing. (Benzinga, Oct 5, 11:06 AM ET)

8. Intel’s Terafab Opportunity Gets Crowded: Musk Confirms Talks With Taiwan Semiconductor

Intel stock drops nearly 4% premarket as Elon Musk confirms preliminary discussions with Taiwan Semiconductor regarding the Terafab project. (Benzinga, Oct 5, 9:46 AM ET)

Price Action

Metric	Value
Open	$158.985
High	$172.47
Low	$158.62
Close	$171.08
Change vs prior close	+7.62% (+$12.12 from $158.96)
Volume	123,623,091
Intraday range	$13.85
Close vs IPO	+6.3% vs the $160.95 first-day close; +26.7% vs the $135.00 offer price

SPCX opened almost exactly at Friday's close and held above $158.62 all session. Buyers took control from the open, and the stock closed at 90% of the day's range, with only $1.39 separating the close from the high. Volume of 123.6 million shares was about 1.14 times the average to date of 98.0 million, and slightly above Friday's 119.9 million. The move therefore came on heavier participation than usual, not on thin trading.

The close is well above the $135.00 offer price and above the $160.95 first-day close. It remains below the June 16 close of $201.8, the highest close in the data.

SPCX posted a strong, high-volume gain and closed near its high, ending the session above the IPO-day close.

Technicals

SPCX has only a short trading history. The 14-day RSI is computed, but a reading built on this few sessions should be treated with caution. The 200-day moving average is not available because there are not enough bars. The 20-day and 50-day averages are shown below, but they rest on limited history and carry less weight than they would for an older stock. This analysis leans on price structure, candle shape, volume, and real price levels.

Trend

The stock fell from the June 16 high close of $201.8 to a low close of $108.27 on August 5. It then recovered and spent most of August and September between roughly $134 and $155. Monday's close of $171.08 is above that band and above every close since July 1.

The close sits above all the computed averages: the 5-day SMA at $155.64, the 5-day EMA at $158.54, the 10-day SMA at $152.35, the 20-day SMA at $151.29, and the 50-day SMA at $140.08. The 14-day RSI is 68.81, which is elevated but below 70. The two-day jump has stretched the price well beyond the short averages, with the close about $15 above the 5-day SMA.

Candle read

The candle had a body of $12.10, an upper wick of $1.39, and a lower wick of $0.37, across a range of $13.85. The close location of 0.9 means the stock closed in the top tenth of its range. A large body with small wicks on both sides shows buying pressure throughout the session, with little selling at the high. The small upper wick suggests some profit-taking near $172.47 but not enough to reverse the move.

Support levels

$158.96: Friday's close and the level where Monday opened. This is the nearest reference point, and the session never traded much below it.
$158.62: Monday's intraday low.
$155.64 and $152.35: the 5-day and 10-day SMAs.
$151.29: the 20-day SMA, which also sits near the top of the September range.
$148.07: Thursday's close, the base of the current two-day advance.

Resistance levels

$172.47: Monday's intraday high, the immediate ceiling.
$175: a round number above the high, with no prior closes in the data between $171.08 and $185.
$185.00: the June 18 close, the next real closing level above the current price.
$191.82 and $201.80: the June 17 and June 16 closes, the top of the post-IPO spike.

Momentum interpretation

Bull case: a close above $172.47 would extend the move and bring the $185.00 level into view. Holding above $158.96 on any pullback would keep the two-day gain intact. Continued volume above the $98.0 million average would support the case.

Bear case: a close back below $158.96 would erase most of Monday's gain and put the stock back inside the August to September range. A fade on lighter volume after a 7.62% day would also suggest the buying was short-lived. A break below $152.35 would return focus to the 20-day SMA at $151.29.

Neutral case: consolidation between $158.96 and $172.47 would let the short averages catch up with price. That would fit a stock digesting a roughly 15.5% two-day gain.

Trading Takeaway

SPCX had its strongest session in months, closing at $171.08 on above-average volume and near the day's high. Analyst notes appear to have driven the move, according to the day's headlines. The price now sits well above its short-term averages, and the RSI is close to the 70 mark, so the next few sessions will show whether the stock holds the gain or gives some back.

Key levels for the next session: $172.47 on the upside, then $185.00. On the downside, $158.96, then $155.64 and $152.35.

Sources

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 are drawn from third-party sources and may contain errors or delays. Verify all figures independently before making any financial decision.