Starlink Wins Air Tahiti Nui Fleetwide Wi-Fi Deal; Shares Climb 3.6%

SPCX closed at $141.33 on November 3, 2026, up $4.96 (3.64%) from the prior close of $136.37. It traded between $137.50 and $142.74 on volume of 62,431,245 shares.

Executive Summary

SPCX gained for a second straight session after its October 30 close of $134.72. Tuesday's move was clean: the stock opened at $137.625, just above the day's low of $137.50, and climbed most of the session. It ended in the upper part of its range, below the $142.74 high. The gain came on lighter volume. Turnover of about 62.4 million shares was down from 91.1 million on November 2 and was roughly 62% of the stock's to-date daily average of about 100.1 million. Two days of gains on falling volume look more like a recovery from oversold levels than a rush of new buyers.

The day's coverage was mostly about SpaceX's third-quarter results and how they compare with the valuation. Zacks reported Q3 earnings of $0.35 per share against a $0.10 estimate, revenue of $14.58 billion (up 161% year over year), Starlink at 13.6 million subscribers, and projected Q4 capital spending of $35 to $40 billion. A Motley Fool piece said the stock is still well below its June peak despite the strong quarter. It pointed to lockup expirations, valuation, and capital spending that exceeds quarterly revenue. Other items covered a finance professor's view that a successful Anthropic IPO could draw AI-focused investors away from SpaceX, a Starlink Wi-Fi deal with Air Tahiti Nui covering its whole fleet, and SpaceX joining objections to OKX–ICE tokenized stock products. None of these reports explains Tuesday's move on its own, and this report does not claim a cause.

News

1. 'U.S. Senate Commerce Committee To Hold Nov. 10 Confirmation Hearing For Federal Communications Commissioner Nominee Thumann' - Reuters News

(Benzinga, Nov 3, 3:35 PM ET)

2. SpaceX Partners With Air Tahiti Nui To Equip Entire Fleet With Free Starlink Wi-Fi

(Benzinga, Nov 3, 2:18 PM ET)

3. 'Amazon, Tesla and SpaceX join OKX–ICE tokenized stock objections as deadline looms' - CoinDesk

(Benzinga, Nov 3, 1:18 PM ET)

4. SpaceX Could Be Biggest Loser From Successful Anthropic IPO, Finance Professor Warns

Anthropic’s IPO could pull AI investors away from SpaceX, finance professor Cathy Zheng says. (Benzinga, Nov 3, 1:00 PM ET)

5. What's Going On With AST SpaceMobile Stock On Tuesday?

AST SpaceMobile shares rebounded after an 11% previous-session decline as AT&T and AST completed the industry's first ground-to-satellite cellular network handoff. (Benzinga, Nov 3, 12:57 PM ET)

6. Apollo Eyes $1 Trillion AI Infrastructure Financing Opportunity Across Power And Semiconductors

Apollo reported adjusted EPS of $2.07, missing the $2.20 estimate, while revenue of $4.739 billion fell short of $5.806 billion consensus. (Benzinga, Nov 3, 12:54 PM ET)

7. EXCLUSIVE: Top 12 Most-Searched Tickers in October on Benzinga Pro – SpaceX Soars, Micron Rises, Nvidia Falls, CoreWeave and Microsoft Join List

Among Benzinga Pro’s October most-searched stocks are SPY, Micron, SpaceX and Tesla, with Micron delivering the strongest YTD gain at 164.3%. (Benzinga, Nov 3, 12:01 PM ET)

8. Why Anthropic's IPO May Have Just Gotten a Whole Lot Riskier

Anthropic is set to go public later in November 2026 at a potential $2 trillion valuation, but the timing is problematic. The AI company is growing rapidly (1,200% revenue growth) but remains deeply unprofitable with $104 billion in losses. Recent tech sector sell-offs and market bearishness on high-valuation tech stocks create additional risk. The author warns that Anthropic's valuation is unsustainable and recommends investors wait rather than rush into the IPO. (The Motley Fool, Nov 3, 11:00 AM ET)

Price Action

Metric	Value
Open	$137.63
High	$142.74
Low	$137.50
Close	$141.33
Change vs prior close	+$4.96 (+3.64%)
Volume	62,431,245
Intraday range	$5.24 (about 3.8% of the open)
Close vs IPO-day close ($160.95)	-$19.62 (-12.19%)
Close vs IPO offer price ($135.00)	+$6.33 (+4.69%)

The session moved in one direction. SPCX opened $1.26 above Monday's close and dipped only $0.13 below the open before buyers took over. It reached $142.74, then gave back $1.41 into the close. The close at $141.33 sits about 73% of the way up the day's range. That is a strong finish, but not a close at the high.

On the bigger picture, SPCX is still 12.19% below its first-day close of $160.95 and only 4.69% above the $135.00 offer price. The October 30 close of $134.72 was the first close below the offer price since mid-July. The last two sessions have recovered that level, which makes $135 the clearest line on the chart right now.

The takeaway: a strong, steady rebound on light volume brought SPCX back above the IPO offer price, but the close stayed below the October 29 level of $143.89 that preceded last week's breakdown.

Technicals

A note on history: SPCX has about 100 daily bars since its June 12 listing. That is enough to compute a 14-day RSI and the 20- and 50-day simple moving averages, but not a 200-day average, which is unavailable. The 50-day average covers about half of the stock's entire trading life, so it reflects the post-IPO price discovery period as much as any settled trend. Treat all of these as rough context. Price structure, candle shape, volume, and real price levels carry more weight here.

Trend

The short-term trend is down, with a bounce in progress. After a close of $171.92 on October 6, SPCX made lower highs. A single-day spike to $159.31 on October 21 reversed the next session, and the slide reached $134.72 on October 30. The last two closes ($136.37, then $141.33) are the first back-to-back gains since that low.

The moving averages show the same picture. The close of $141.33 is above the 5-day SMA ($140.31) and 5-day EMA ($140.70), so the very short-term trend has turned up. It is still below the 10-day SMA ($144.86), the 50-day SMA ($149.68), and the 20-day SMA ($150.09). The 20-day sitting just above the 50-day shows that the early-October rally is still in the 20-day window and has not yet rolled off. The 14-day RSI of 44.03 is below the 50 midpoint: momentum has improved from the lows but is still on the weak side.

Candle read

Tuesday formed a solid green candle. The body was $3.71 on a $5.24 range, so the body made up about 71% of the session. The lower wick was only $0.13: the stock opened almost at its low and never seriously tested lower prices. The upper wick of $1.41 shows sellers stepping in near $142.74 and pushing the close back about a quarter of the way down the range. The close location of 0.73 means buyers held most of the day's gains.

Taken alone, this candle shows buyers in control from the open with some supply near the high. Volume was below both the prior session and the to-date average, so the candle has less weight than it would on heavier turnover.

Support levels

• $140.31 to $141.00: the 5-day SMA ($140.31), 5-day EMA ($140.70), and the $141 round number. This is the first area where a pullback would test the new short-term uptrend.
• $137.50 to $137.63: Tuesday's low and open. A move back into this zone would erase the session's gain.
• $136.37: the November 2 close.
• $134.72 to $135.00: the October 30 close and the $135.00 IPO offer price. This is the most important support on the chart. A sustained close below it would put the stock back under its offer price.

Resistance levels

• $142.74: Tuesday's intraday high, where the session's buying stalled.
• $143.89: the October 29 close, the last close before the October 30 drop. Recovering it would undo that breakdown.
• $144.86 to $145.00: the 10-day SMA and the $145 round number.
• $149.68 to $150.09: the 50-day and 20-day SMAs, which converge right around the $150 round number. This is a significant overhead band.
• $160.95: the IPO-day close, a longer-range reference.

Momentum interpretation

• Bull scenario: SPCX holds the $140 to $141 area, clears $142.74, and closes above $143.89. That would cancel the October 30 breakdown and bring the 10-day SMA near $144.86 into play. A move toward the $149.68 to $150.09 average cluster would be more convincing if volume rose back toward or above the to-date average.
• Bear scenario: the rebound stalls under $142.74 to $143.89 and price falls back through $140.31 and Tuesday's $137.50 low. That would mark the two-day bounce as a relief rally inside a downtrend and put the $134.72 to $135.00 zone back in focus. A close below that zone would put the stock under its offer price.
• Neutral scenario: SPCX trades between roughly $137.50 and $143.89 while the 5-day averages catch up to price. With the RSI in the mid-40s and volume below average, a consolidation range is a reasonable baseline until either edge breaks.

Trading Takeaway

SPCX had its best close in four sessions, and the stock is back above the $135.00 IPO offer price after briefly closing below it on October 30. Tuesday's candle was constructive: it opened at the low, had a large body, and closed in the upper part of the range. But it came on the lowest volume of the past three sessions, and price is still below the 10-, 20-, and 50-day averages. The fundamental news over the past day was mixed. Strong Q3 numbers were reported alongside commentary on valuation, capital spending, and competition from an upcoming Anthropic IPO. That leaves the chart as the main guide for now.

Key levels for the next session: support at $140.31 to $141.00, then $137.50, then $134.72 to $135.00. Resistance at $142.74, then $143.89, then $144.86 to $145.00, with the $149.68 to $150.09 average cluster above that.

Sources

1. Benzinga — U.S. Senate Commerce Committee To Hold Nov. 10 Confirmation Hearing For Federal Communications Commissioner Nominee Thumann: https://www.benzinga.com/economics/macro-economic-events/26/11/62839828/u-s-senate-commerce-committee-hold-nov-10-confirmation-hearing-federal-communications-commissioner-n
2. Benzinga — SpaceX Partners With Air Tahiti Nui To Equip Entire Fleet With Free Starlink Wi-Fi: https://www.benzinga.com/news/26/11/62837296/spacex-partners-air-tahiti-nui-equip-entire-fleet-free-starlink-wi-fi
3. Benzinga — Amazon, Tesla and SpaceX join OKX–ICE tokenized stock objections as deadline looms: https://www.benzinga.com/news/26/11/62835094/amazon-tesla-and-spacex-join-okx-ice-tokenized-stock-objections-deadline-looms-coindesk
4. Benzinga — SpaceX Could Be Biggest Loser From Successful Anthropic IPO, Finance Professor Warns: https://www.benzinga.com/markets/prediction-markets/26/11/62834282/anthropic-ipo-spacex
5. Benzinga — What's Going On With AST SpaceMobile Stock On Tuesday?: https://www.benzinga.com/markets/large-cap/26/11/62834166/whats-going-on-with-ast-spacemobile-stock-on-tuesday-2
6. Benzinga — Apollo Eyes $1 Trillion AI Infrastructure Financing Opportunity Across Power And Semiconductors: https://www.benzinga.com/markets/large-cap/26/11/62833993/apollo-eyes-1-trillion-ai-infrastructure-financing-opportunity-across-power-and-semiconductors
7. Benzinga — Top 12 Most-Searched Tickers in October on Benzinga Pro: https://www.benzinga.com/trading-ideas/long-ideas/26/11/62831384/exclusive-top-12-most-searched-tickers-in-october-on-benzinga-pro-spacex-soars-micron-rises-nvidia-falls-coreweave-and-microsoft-join-list
8. The Motley Fool — Why Anthropic's IPO May Have Just Gotten a Whole Lot Riskier: https://www.fool.com/investing/2026/11/03/why-anthropic-s-ipo-may-have-just-gotten-a-whole-lot-riskier/?source=iedfolrf0000001
9. The Motley Fool — SpaceX Just Delivered a Monster Quarter, but the Stock Is Still Down 38% From Its High: https://www.fool.com/investing/2026/11/03/spacex-just-delivered-a-monster-quarter-but-the-st/?source=iedfolrf0000001
10. Benzinga — QUICK SPARK: Elon Musk Says 'Vote Red' — SpaceX And Tesla Have Much To Gain: https://www.benzinga.com/news/politics/26/11/62827756/spacex-tesla-ceo-elon-musk-says-vote-red
11. Benzinga — Amazon, Google and Microsoft Are 'Absolute Jokes' Compared With SpaceX, Says Sequoia's Shaun Maguire: https://www.benzinga.com/markets/prediction-markets/26/11/62826642/spacex-ai-infrastructure
12. Benzinga — SpaceX Has 11,000 Satellites in Orbit. So Why Does Elon Musk Still Need Cell Towers?: https://www.benzinga.com/trading-ideas/long-ideas/26/11/62823355/spacex-starlink-cell-towers
13. Zacks Investment Research — SpaceX Q3 Earnings Call Highlights Aggressive AI Compute Expansion: https://www.zacks.com/stock/news/3021843/spacex-q3-earnings-call-highlights-aggressive-ai-compute-expansion?cid=CS-ZC-FT-analyst_blog_plus|earnings_call_takeaways-3021843
14. The Motley Fool — If I Had $1,000 to Invest Today, Here's the Trillion-Dollar Stock I'd Buy Instead of SpaceX: https://www.fool.com/investing/2026/11/03/if-1000-invest-trillion-dollar-stock-buy-spacex/?source=iedfolrf0000001
15. Benzinga — 'Paid Far More in Taxes': Elon Musk Fires Back at Democrat Nominee James Talarico: https://www.benzinga.com/markets/tech/26/11/62808513/elon-musk-fires-back-democrat-nominee-james-talarico-over-tesla-465-million-loan
16. Benzinga — SPCX CEO Elon Musk Says Cooling AI Data Centers in Space Is 'Much Easier': https://www.benzinga.com/markets/tech/26/11/62808265/spcx-ceo-elon-musk-says-cooling-ai-data-centers-in-space-is-much-easier-heres-how-his-plan-could-work
17. Benzinga — Tesla Bulls Are Betting on a SpaceX Merger — Top Analyst Says Marvell's $115 Billion Lumentum Deal Shows What Could Go Wrong: https://www.benzinga.com/markets/tech/26/11/62807684/tesla-bulls-are-betting-on-a-spacex-merger-top-analyst-says-marvells-115-billion-lumentum-deal-shows-what-could-go-wrong
18. Benzinga — Elon Musk's SpaceX Is Preparing a December Stock Gift for Millions of Kids: https://www.benzinga.com/markets/equities/26/11/62807160/elon-musks-spacex-is-preparing-a-december-stock-gift-for-millions-of-kids-trump-accounts-to-receive-shares-as-another-round-of-beneficiaries-gets-added
19. Benzinga — 'They Don't Want to Talk About It': Top Analyst Says Apple Has a Siri Problem: https://www.benzinga.com/markets/tech/26/11/62806242/apple-ai-agents-siri-earnings
20. Benzinga — Elon Musk Will Launch a US Phone Plan? Crypto Bettors Raise Odds SpaceX Becomes a Mobile Carrier in 2027: https://www.benzinga.com/markets/prediction-markets/26/11/62806120/elon-musk-will-launch-a-us-phone-plan-crypto-bettors-raise-odds-spacex-becomes-a-mobile-carrier-in-2027
21. Benzinga — Trump Vows to Protect Elon Musk Amid Talk of Arrest: https://www.benzinga.com/news/politics/26/11/62806095/trump-vows-to-protect-elon-musk-amid-talk-of-arrest-adam-schiff-warns-cronies-will-be-held-accountable
22. 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 comes from Alpaca Markets (SIP feed) and may contain errors or delays. News summaries reflect the cited publishers' reporting and have not been independently verified. Figures attributed to third-party articles are those publishers' figures. Technical levels describe past price behavior and do not predict future results. SPCX is a recently listed stock with limited trading history, and its price can be highly volatile. Verify all information independently and consult a qualified financial professional before making any investment decision.