SPCX intraday price chart for November 4, 2026

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

Open

$133.15

High

$140.50

Low

$133.14

$135.83

Volume

108.9M

Vol/Avg

1.07×

SPCX · NASDAQ · November 4, 2026

SpaceX Taps Qualcomm for Starlink Mobile 5G as Midterm Results Weigh

$135.83 $5.48 -3.88% vs prior close

SPCX closed at $135.83 on Wednesday, November 4, 2026, down 3.88% from the prior close of $141.31. Volume was 108,921,877 shares.

Executive Summary

SPCX opened sharply lower at $133.15 after the 2026 midterm elections. That was a gap of about 5.8% below Tuesday's close. Buyers pushed the stock back to an intraday high of $140.50, just under the prior close of $141.31, but it could not reclaim that level. It closed at $135.83, about $0.83 above the $135 IPO offer price. The day ended with a gain from the open and a loss of 3.88% versus the prior session. The candle had a long upper wick, which shows sellers active into the rebound.

The headlines tie the drop to politics. Benzinga reported that SpaceX fell after Democratic midterm wins, including the Texas governor's race, raised concerns about data center development. Other reports described a broader pullback in the "Trump trade" that hit SpaceX, Tesla, and defense names before the open. Company-specific news was mixed. SpaceX picked Qualcomm to supply cellular infrastructure for its Starlink Mobile U.S. terrestrial 5G network. SemiAnalysis reported that SpaceX is targeting 13GW of AI compute capacity within 18 months. Benzinga reported that Morgan Stanley now expects positive cash flow by 2031. On the other side, Zacks pointed to the heavy capital spending, $48.07 billion in the first nine months of 2026, as a reason the shares are down 17.8% over the past month despite third-quarter revenue growth of 161.4%.

News

1. Elon Musk Gets Double Miss From 2026 Midterm Elections: $474 Million Donated, Net Worth Drops by $23 Billion

Elon Musk is worth less money on Wednesday after the 2026 midterm elections. That comes after spending nearly a half billion on the elections. (Benzinga, Nov 4, 11:48 AM ET)

2. SpaceX Stock Dips: What's Going On?

SpaceX is falling Wednesday after Democratic midterm wins, including Texas' governor race, raised concerns about data center development. (Benzinga, Nov 4, 10:21 AM ET)

3. SPCX Sinks 17.8% in a Month as Growth Meets Rising Spending Risks

SpaceX (SPCX) shares declined 17.8% over the past month despite impressive third-quarter results showing 161.4% revenue growth and a swing to $4.40 billion net income. The pullback reflects investor concerns about the company's massive capital expenditure program, which reached $48.07 billion in nine months versus $13.10 billion in operating cash flow. While growth engines remain powerful across Starlink, enterprise services, and AI compute capacity, execution risks on Starship milestones and capital efficiency concerns keep the outlook uncertain. (Zacks Investment Research, Nov 4, 10:20 AM ET)

4. Democratic Party 2026 Midterm Win Will Hurt ‘Pace of the AI Revolution’: Dan Ives on ‘Blue Tidal Wave’

Dan Ives says the Democratic midterm sweep will slow the AI buildout, but the Yorkville Ives analyst’s AI thesis and tech winner list are unchanged. (Benzinga, Nov 4, 10:18 AM ET)

5. Is SPCX Worth Buying as Growth Surges but Valuation Stays Stretched?

SpaceX reported exceptional Q3 growth with revenues surging 161.4% to $14.58 billion and operating income reaching $2.79 billion. However, the stock trades at a premium valuation of 59.9X sales versus the industry's 1.1X, and heavy capital expenditures of $48.07 billion in the first nine months of 2026 temper upside potential. While earnings estimates for 2027 have risen significantly, the risk-reward balance favors a measured stance. (Zacks Investment Research, Nov 4, 10:18 AM ET)

6. SPCX Cloud Growth Reshapes the Earnings Story After a Blowout Q3 Beat

SpaceX delivered a strong Q3 2026 earnings beat with EPS of 35 cents versus 10 cents consensus, driven by its Super Intelligence (SI) segment which generated $7.56 billion in revenues (up 829.9% YoY) and $431 million in operating income. The company is aggressively expanding compute capacity targeting 13 gigawatts by end of 2027, requiring massive capital expenditures of $35-40 billion in Q4 alone. While the earnings inflection is impressive, sustained profitability depends on maintaining utilization rates and pricing power as capacity scales. (Zacks Investment Research, Nov 4, 10:16 AM ET)

7. Benzinga Market Summary: S&P Rises After Democrats Win U.S. House And U.S. Senate Majority, Texas Results Weigh On Musk-Owned And AI-Related Companies, Trump Media & Technology Slides After Midterms And McDonald's Rises On Q3 Adj. EPS Beat.

(Benzinga, Nov 4, 10:04 AM ET)

8. Elon Musk Wants to Put AI in Space. Earth Is Already Giving Him Enough Problems

SpaceX wants to put AI data centers in orbit, but political resistance, infra costs, technical hurdles threaten its ambitions on Earth. (Benzinga, Nov 4, 9:39 AM ET)

Price Action

Metric	Value
Open	$133.15
High	$140.50
Low	$133.14
Close	$135.83
Change vs prior close	-$5.48 (-3.88%) from $141.31
Volume	108,921,877 (prior session: 73,316,928; average to date: 102,179,815)
Intraday range	$7.36 ($133.14 to $140.50)
Close vs IPO	-15.61% vs IPO-day close of $160.95; +0.61% vs $135 offer price

The session had three distinct phases. First, the stock gapped down and opened at $133.15, which turned out to be within a cent of the day's low of $133.14. That low was below both the $135 IPO offer price and the October 30 close of $134.72. Second, the stock rallied $7.36 off that low to $140.50. Third, that rally stopped $0.81 short of Tuesday's close, and the stock gave back $4.67 into the close. It finished at $135.83, in the lower part of the range.

Volume of about 108.9 million shares was roughly 49% above Tuesday's 73.3 million. It was also above the stock's average to date of about 102.2 million. Both the gap and the failed recovery happened on above-average participation.

Takeaway: buyers defended the gap low, but the rebound failed before reaching the prior close, so the close sits right back at the $135 IPO offer price.

Technicals

A caveat first: SPCX has traded for only 101 sessions since its June 12 IPO. A 200-day moving average cannot be computed yet. The 50-day average is only slightly past its minimum window, and the 14-day RSI and 20-day average reflect a short and volatile history. Treat those readings as context, not as established signals. The more reliable evidence here is price structure, candle shape, volume, and actual traded levels.

Trend

The short-term trend is down. The close of $135.83 is below every available moving average: SMA-5 at $138.42, EMA-5 at $139.08, SMA-10 at $142.51, SMA-20 at $148.50, and SMA-50 at $149.63. The averages are stacked in bearish order, with shorter windows below longer ones. That pattern usually shows up during a sustained pullback rather than a single bad day.

In the closing history, the stock peaked near $171.92 on October 6. Since then it has made a series of lower closes, apart from a one-day spike to $159.31 on October 21. Today's close is the lowest since October 30 ($134.72), and the closes from August 21 onward never went below that level. The 14-day RSI of 40.03 is below the 50 midpoint but well above conventional oversold territory.

Candle read

Today's candle had a body of $2.68, an upper wick of $4.67, and a lower wick of $0.01, within a total range of $7.36. The stock closed at 0.37 of its range, below the midpoint.

Because the close was above the open, the candle has a green body. However, the stock still fell 3.88% from the prior session.
The almost nonexistent lower wick shows that the open was effectively the low. Buyers stepped in right at the gap and did not let it extend.
The upper wick is nearly twice the size of the body. That shows strong selling once price approached the $140.50 to $141.31 area.

Taken together, the candle shows the gap low holding but supply sitting just below the prior close. It does not show a clean reversal.

Support levels

$135.00: the IPO offer price and a round number. Today's close is $0.83 above it.
$134.72: the October 30 close, the lowest close of the recent pullback.
$133.14: today's intraday low, set at the open.
$130.00: the next round number below today's range.

Resistance levels

$138.42 to $139.08: the 5-day SMA and EMA.
$140.50: today's intraday high, where the rebound failed.
$141.31: the prior close, which was not regained.
$142.51: the 10-day SMA.
$148.50 to $149.63: the 20-day and 50-day SMAs, close together.

Momentum interpretation

Bull scenario: the stock holds $135.00 and recovers $138.42 to $139.08. A close above $140.50 and then $141.31 would erase today's gap and neutralize the rejection wick. Above that, $142.51 is the next level to watch.
Bear scenario: a close below $134.72 would break the low close of the pullback. Losing today's $133.14 low would mean the gap-day buyers did not hold, and would open the way toward $130.00.
Neutral scenario: the stock trades between $133.14 and $140.50 while the market absorbs the election news and the capital spending debate. The $135 offer price stays the pivot.

Trading Takeaway

SPCX gapped down on election news, held the gap low, and then failed to recover the prior close. It ended the day almost exactly at its $135 IPO offer price. Volume ran above average both on the drop and on the failed rebound, and price sits below all short- and medium-window averages. The news flow includes positive company headlines, namely the Qualcomm Starlink Mobile deal and Morgan Stanley's earlier cash-flow forecast. It also includes concerns about Texas data center policy and capital spending. So far the price has followed the concerns.

Key levels for the next session:

Support: $135.00, $134.72, $133.14, $130.00.
Resistance: $138.42 to $139.08, $140.50, $141.31, $142.51.

Sources

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 comes from Alpaca Markets (SIP feed), and news summaries reflect the cited publishers' reporting as of publication. Figures attributed to third parties have not been independently verified. SPCX is a recently listed stock with limited trading history, and its technical readings may be unreliable. Verify all information independently and consult a licensed financial professional before making investment decisions.