SpaceX Reshuffles Data Center Team Amid Reliability Issues

SPCX closed at $140.72 on September 2, 2026, down 1.06% from the prior close of $142.23, on volume of 44,678,186 shares.

Executive Summary

SPCX pulled back on Tuesday after Monday's push above $143, closing at $140.72 as the stock digested a mix of company-specific and sector news. Oppenheimer maintained its Outperform rating and raised its price target to $280, and Elon Musk publicly framed SpaceX's in-house power generation as an advantage in securing AI compute deals with Google and Anthropic amid a broader power crunch. Against that, Benzinga reported that SpaceX reshuffled its data-center team after reliability problems, with a September 30 deadline approaching on Google's reported $920-million-a-month compute deal — a headline that introduces some near-term execution uncertainty even as the analyst tone stayed positive.

Separately, coverage noted SpaceX has entered Robinhood's top 10 most-held stocks among retail investors, and it ranked among the most-searched tickers on Benzinga Pro in August, alongside continued comparisons to Anthropic's upcoming IPO. None of this news carries a hard price or volume figure tied to SPCX itself, so today's session is better read through the price and volume data below than through the headlines.

News

1. EXCLUSIVE: Anthropic Is Now 15% of a Photonics ETF. Its CEO Names the 3 Bottlenecks Behind the Bet

TEMA CEO Maurits Pot identifies compute, memory and optical as key AI infrastructure bottlenecks, explaining LAZR’s 15% Anthropic bet and photonics thesis. (Benzinga, Sep 2, 3:31 PM ET)

2. SpaceX AI Buildout Shows Cracks as Musk Shakes Up Data Center Team

SpaceX reshuffled its data-center team after reliability problems as a Sept. 30 deadline nears for Google’s $920M-a-month compute deal. (Benzinga, Sep 2, 2:48 PM ET)

3. Anthropic Just Added a Powerful New Voice for AI Policy Around the World

Anthropic has hired a new Managing Director of International Affairs to lead its engagement with governments across Europe and Asia-Pacific. (Benzinga, Sep 2, 2:25 PM ET)

4. QUICK SPARK: Gold $1 Trump Coins Are Now in Circulation, US Mint Says

U.S. Mint launches Trump $1 coins for the 250th anniversary and says the coins can be used as currency or collectibles. (Benzinga, Sep 2, 1:27 PM ET)

5. Oppenheimer Maintains Outperform on SpaceX, Raises Price Target to $280

(Benzinga, Sep 2, 1:00 PM ET)

6. EXCLUSIVE: Top 12 Most-Searched Tickers in August on Benzinga Pro – SpaceX, Nebius Climb, Palantir Returns

A look at the most-searched stock tickers on Benzinga Pro for the month of August. The leaderboard saw Palantir back in the top 12. (Benzinga, Sep 2, 10:37 AM ET)

7. Nvidia Is Still Retail Investors' Most-Held Stock on Robinhood, but a New Trillion-Dollar Stock Has Entered the Top 10

Nvidia remains the most-held stock among retail investors on Robinhood, driven by AI enthusiasm. SpaceX has recently entered Robinhood's top 10 as a trillion-dollar company, but the article warns that its accelerated insider share unlock schedule and low public float percentage could disadvantage retail investors. (The Motley Fool, Sep 2, 7:06 AM ET)

8. Can This Popular Altcoin Hit a Price of $1 by 2027? The Answer Will Blow Your Mind

Dogecoin would need a more than 12-fold increase to reach $1 by 2027, requiring it to surpass its all-time high of $0.74 and gain an additional 33%. Prediction markets estimate only a 4% chance of this occurring by January 2027 and 9% by June 2027. The article compares this to Bitcoin needing to reach $1 million from $80,000, noting both scenarios are highly unlikely despite possible catalysts like Elon Musk integrations or new investment products. (The Motley Fool, Sep 2, 6:24 AM ET)

Price Action

Metric	Value
Open	$142.68
High	$143.10
Low	$138.17
Close	$140.72
Change vs prior close	-1.06% (prior close $142.23)
Volume	44,678,186 (avg to date: 104,217,656)
Intraday range	$4.93 ($138.17 – $143.10)
Close vs IPO	+4.24% vs IPO offer price ($135.00); -12.57% vs first-day close ($160.95)

SPCX opened at $142.68, pushed to a session high of $143.10 early, then sold off to a low of $138.17 before recovering into the close at $140.72. Volume of 44,678,186 shares came in well below both the prior session's 53,837,767 and the average-to-date of 104,217,656 — roughly 43% of the running average, indicating the pullback happened on comparatively light participation rather than a volume-driven breakdown.

The stock gave back Monday's gain but held above both the intraday low and the IPO offer price of $135.00, closing 1.06% lower on the day while remaining up over 4% from the $135.00 IPO offer price.

Technicals

SPCX has under three months of trading history since its June 12, 2026 IPO. The 200-day moving average is not yet available, and even the shorter-horizon readings below — RSI-14, SMA-5/10/20/50 — are drawing on a data set still shaped by the stock's extreme post-IPO volatility (a run from $160.95 to above $200, then down to the $108 area, before the current recovery). Treat these readings as directional context, not settled technical signals, and weight price structure, candle shape, and volume alongside them.

Trend

The moving-average stack is currently constructive: SMA-5 ($141.80) sits above SMA-10 ($139.26), which sits above SMA-20 ($138.46), which sits above SMA-50 ($136.18) — a short- and intermediate-term uptrend structure. Today's close of $140.72 sits below the SMA-5 but above the SMA-10, SMA-20, and SMA-50, consistent with a one-day pullback inside an otherwise rising trend that has carried the stock from the August 24 close of $135.00 up through the August 31 close of $143.69 before today's retreat.

Candle read

Today's candle has a body of -1.96 (a down day), a small upper wick of 0.42, and a longer lower wick of 2.55, on a total range of 4.93. The close-location value of 0.52 puts the close roughly in the middle of the day's range. Read together: price was rejected near $143.10, sold off to $138.17, and buyers stepped back in to lift the close back toward the middle of the range rather than let it settle at the lows — a red candle with a defended lower wick rather than a clean breakdown.

Support levels

• $139.26 — SMA-10
• $138.46 — SMA-20
• $138.17 — today's intraday low
• $136.18 — SMA-50
• $135.00 — IPO offer price (round-number level)

Resistance levels

• $141.80 — SMA-5
• $142.23 — prior close
• $143.10 — today's intraday high
• $143.69 — August 31 close (recent swing high)
• $146.23 — August 17 close (prior swing high)

Momentum interpretation

Bull scenario: a reclaim and hold above the SMA-5 ($141.80) and today's high ($143.10) would open a retest of the $143.69 and $146.23 swing highs, keeping the moving-average uptrend intact.

Bear scenario: a close below today's low ($138.17) and the SMA-20 ($138.46) would put the SMA-50 ($136.18) and the $135.00 IPO offer price back in play as the next levels to watch.

Neutral scenario: continued consolidation between roughly $138 and $143, inside the range the stock has traded since late August, with RSI-14 at 53.53 sitting near the midpoint rather than flagging overbought or oversold conditions.

Trading Takeaway

SPCX's pullback today came on below-average volume and stopped short of breaking either the intraday low or the SMA-20/SMA-50 support cluster, leaving the short-term uptrend structure intact but unconfirmed. The next session's key levels are support at $138.17–$138.46 and resistance at $141.80–$143.10; a break of either would be the clearer signal, while continued trade inside that band would extend the current consolidation.

Sources

1. EXCLUSIVE: Anthropic Is Now 15% of a Photonics ETF. Its CEO Names the 3 Bottlenecks Behind the Bet — Benzinga
2. SpaceX AI Buildout Shows Cracks as Musk Shakes Up Data Center Team — Benzinga
3. Anthropic Just Added a Powerful New Voice for AI Policy Around the World — Benzinga
4. QUICK SPARK: Gold $1 Trump Coins Are Now in Circulation, US Mint Says — Benzinga
5. Oppenheimer Maintains Outperform on SpaceX, Raises Price Target to $280 — Benzinga
6. EXCLUSIVE: Top 12 Most-Searched Tickers in August on Benzinga Pro – SpaceX, Nebius Climb, Palantir Returns — Benzinga
7. Nvidia Is Still Retail Investors' Most-Held Stock on Robinhood, but a New Trillion-Dollar Stock Has Entered the Top 10 — The Motley Fool
8. Can This Popular Altcoin Hit a Price of $1 by 2027? The Answer Will Blow Your Mind — The Motley Fool
9. SpaceX vs. Anthropic: Which Is the Better IPO to Own? — The Motley Fool
10. David Sacks Urges AI Companies to Fund Trump Accounts, Says It Would 'Improve the Public's Image of AI' — Benzinga
11. Elon Musk Says Google and Anthropic Turned to SpaceX For AI Compute Because Power is Tight, Says SPCX Built its Own Plants to Move Faster — Benzinga
12. 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 delayed. Verify all figures independently before making any financial decision.