Starship Compute Deal Adds $13B to Revenue Target

SPCX closed at $151.145 on September 11, 2026, up roughly 2.0% from the prior close of $148.18.

Executive Summary

SPCX rebounded Friday after a rough midweek session, with shares climbing back above $150 following a batch of company-specific headlines. SpaceX CFO Bret Johnsen said the company closed a new AI compute deal worth $1.11 billion a month, adding more than $13 billion in annualized recurring revenue and reinforcing the company's stated $100 billion ARR target. Johnsen also said Starship is expected to generate revenue for the first time this month, with Flight 14 pegged by prediction markets at 87% odds of a September launch, and made comments contrasting Starship's capabilities with China's space program. Separately, T-Mobile's CFO downplayed Starlink as a threat to wireless carriers while acknowledging it could help rural broadband.

The rally follows a 3.9% decline earlier in the week tied to the stock's third lockup release since the June IPO, when 319 million shares held by employees and early investors became eligible for trading. The Motley Fool flagged that valuation, at over 60 times revenue, remains rich, and noted billions more shares are scheduled to unlock by early December — a supply overhang that continues to weigh on sentiment even as the underlying news flow on Friday was largely positive.

News

1. SpaceX Exec Says Starship Will Generate Revenue for First Time ‘Later This Month’

SpaceX CFO Bret Johnsen says Flight 14 should be Starship’s first revenue-generating mission as traders give a September launch 87% odds. (Benzinga, Sep 11, 11:25 AM ET)

2. SpaceX Fell 3.9% on Its Third Lockup Release Since the IPO. I'd Wait to Buy the Stock.

SpaceX stock declined 3.9% to $147.55 on Wednesday as 319 million shares from employees and early investors became eligible for trading. This was the third lockup release since the company's June IPO. While the stock had climbed 9% in the three sessions prior, analyst Daniel Sparks recommends waiting to buy, citing the stock's expensive valuation at over 60 times revenue and billions more shares scheduled to unlock by early December. (The Motley Fool, Sep 11, 11:23 AM ET)

3. EXCLUSIVE: Anthropic’s $1.2 Trillion Valuation Has A SpaceX Problem: Scarcity, Not Fundamentals

Anthropic’s soaring private markets valuation may reflect scarce shares and AI frenzy as much as its fundamentals. (Benzinga, Sep 11, 8:00 AM ET)

4. Elon Musk's Starlink Not a Threat to Wireless Carriers, Says T-Mobile CFO: ‘You Can Have a Million Satellites…’

T-Mobile CFO Pete Osvaldik says Starlink can't replace wireless networks due to signal limits, though it may aid rural broadband. (Benzinga, Sep 11, 7:46 AM ET)

5. SPCX CFO Bret Johnsen Says China Has an ‘Amazing Space Program’ — But It’s ‘Not on a Starship Level’

SpaceX CFO says China trails Starship, while full reusability could slash launch costs and make orbital AI compute competitive. (Benzinga, Sep 11, 6:19 AM ET)

6. SpaceX Closes $1.11 Billion-a-Month Compute Deal as CFO Doubles Down on $100 Billion ARR Target

SpaceX CFO says a new AI compute deal adds $13B+ annual recurring revenue for the company, bolstering its $100B ARR goal. (Benzinga, Sep 11, 2:39 AM ET)

Price Action

Metric	Value
Open	$149.99
High	$151.85
Low	$145.92
Close	$151.145
Change vs prior close	+$2.965 (+2.0%)
Volume	72,835,613
Intraday range	$5.93
Close vs IPO	+11.96% vs IPO offer price ($135.00); -6.09% vs IPO-day close ($160.95)

SPCX opened at $149.99, essentially flat to the prior close of $148.18, then traded down to an intraday low of $145.92 before reversing and pushing to a session high of $151.85. It closed at $151.145, near the top of the day's range and above both the open and the prior close. Volume came in at 72.8 million shares, below the stock's average volume to date of 79.7 million and well under the prior session's 118.6 million, which had been inflated by the lockup-driven selling. The session recovered the ground lost since the September 9 lockup-release decline to $147.55, though the stock remains below both its June 12 IPO-day close of $160.95 and the mid-June highs above $190.

The day's action shows SPCX absorbing a dip toward $146 and closing back above $150 on lighter volume than the prior lockup-driven sessions.

Technicals

SPCX has been publicly traded since June 12, 2026, roughly three months of history. The 14-day RSI and moving averages below are computed on that limited window and should be read as short-term price structure, not the multi-year signals typically associated with 50- and 200-day averages; the 200-day SMA is not yet available (insufficient history).

Trend

The short-term moving average stack is upward sloping and in bullish alignment: SMA-5 ($149.66) sits above SMA-10 ($146.62), which sits above SMA-20 ($142.99), which sits above SMA-50 ($135.07). EMA-5 ($149.04) is also above SMA-10 and SMA-20. This reflects the stock's climb off the early-August lows (close as low as $108.27 on August 5) back toward the $150 area, with Friday's close landing just above the SMA-5.

Candle read

Friday's candle has a small bullish body of $1.16 (close above open), a short upper wick of $0.70, and a long lower wick of $4.07, on a total range of $5.93. The close location of 0.88 means the close settled near the top 12% of the day's range. That combination — price sold off toward $146, found buyers, and closed near the day's high — reads as a bullish reversal candle: sellers pushed the stock to a fresh intraday low before demand stepped in and reclaimed most of the range.

Support levels

• $148.18 — prior close
• $149.04–$149.66 — EMA-5 / SMA-5 cluster
• $146.62 — SMA-10
• $145.92 — today's intraday low
• $142.99 — SMA-20
• $135.07 — SMA-50, which also roughly coincides with the $135.00 IPO offer price

Resistance levels

• $151.85 — today's intraday high
• $153.47 — September 8 close, the most recent local high
• $154.54–$156.11 — cluster of closes from June 22–24
• $160.95 — IPO-day close (June 12)

Momentum interpretation

Bull case: a close and hold above today's high of $151.85 that pushes through the $153.47 September 8 close would put the stock back in the range it occupied before the lockup-driven pullback, with $154.54–$156.11 as the next test. RSI-14 at 59.04 is in neutral-to-firm territory, with room to run before approaching overbought readings, and the SMA-5/SMA-10/SMA-20/SMA-50 stack stays in bullish order as long as price holds above $149.

Bear case: a break back below the SMA-5/EMA-5 cluster near $149 and then the prior close at $148.18 would put Wednesday's lockup-driven low of $147.55 back in play, with $145.92 (today's low) and the SMA-10 at $146.62 as the next support tests. A close below $142.99 (SMA-20) would put the short-term uptrend structure in question.

Neutral case: continued consolidation between roughly $148 and $152, digesting both the lockup supply overhang and the AI-compute-deal and Starship-revenue headlines without a decisive break in either direction.

Trading Takeaway

SPCX closed higher on lighter volume after finding support near $146 and reversing to finish near the day's high, a setup that favors continuation if the stock can clear today's $151.85 high and the September 8 close at $153.47. The stock remains in a short-term uptrend by moving-average structure, but it is trading well below its IPO-day close and continues to face a known overhang from scheduled share unlocks extending into December. For the next session, the key levels to watch are resistance at $151.85 and $153.47, and support at $148.18 and $145.92.

Sources

1. SpaceX Exec Says Starship Will Generate Revenue for First Time 'Later This Month' — Benzinga
2. SpaceX Fell 3.9% on Its Third Lockup Release Since the IPO. I'd Wait to Buy the Stock. — The Motley Fool
3. EXCLUSIVE: Anthropic's $1.2 Trillion Valuation Has A SpaceX Problem: Scarcity, Not Fundamentals — Benzinga
4. Elon Musk's Starlink Not a Threat to Wireless Carriers, Says T-Mobile CFO: 'You Can Have a Million Satellites…' — Benzinga
5. SPCX CFO Bret Johnsen Says China Has an 'Amazing Space Program' — But It's 'Not on a Starship Level' — Benzinga
6. SpaceX Closes $1.11 Billion-a-Month Compute Deal as CFO Doubles Down on $100 Billion ARR Target — Benzinga
7. 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. SPCX is a recently listed, thinly traded stock with limited price history; technical indicators shown here should be interpreted with that context in mind. Data is sourced from Alpaca Markets and the cited news outlets as of the timestamps noted above and may be incomplete or subject to revision. Verify all figures independently before making any financial decision.