Third Point Discloses SpaceX Stake After IPO

SPCX closed at $148.25 on September 10, 2026, up 0.47% from the prior close of $147.55.

Executive Summary

SPCX opened at $145.07, pushed as high as $154.70 intraday, then gave back most of that advance to finish at $148.25, a 0.47% gain versus Tuesday's close. The session's news flow included a disclosure that Third Point, the fund run by Dan Loeb, added roughly 180,415 SpaceX shares (worth about $31 million as of June 30) following the company's Nasdaq debut, and a product update from Starlink introducing a fourth-generation Wi-Fi 7 router with expanded coverage and device support.

Three months removed from its June 12, 2026 IPO, SPCX remains well above its $135 offer price but well below the euphoric first-week highs that took the stock above $200. Since bottoming near $108 in early August, the stock has spent the past several weeks consolidating and recovering, and today's session — a green close paired with a rejected intraday rally to a new short-term high — fits that choppier, more balanced pattern.

News

1. Billionaire Investor Added SpaceX to His Portfolio Right After the IPO

Dan Loeb’s Third Point acquired 180,415 SpaceX shares worth about $31 million as of June 30, following the company’s Nasdaq debut. (Benzinga, Sep 10, 12:10 PM ET)

2. Elon Musk's SpaceX Just Gave Starlink a Major Wi-Fi Upgrade With Its New 4th-Gen Router

Starlink unveils Gen 4 router with Wi-Fi 7, 3,500-square-foot coverage, 510-device support and water resistanc. (Benzinga, Sep 10, 6:18 AM ET)

3. Ted Cruz Warns ‘Whole World Is in Trouble’ if China Leads AI, Says ‘We Need Guardrails’

Cruz warns AI’s rapid growth could bring catastrophic risks, urging U.S. safeguards while maintaining leadership to prevent China from dominating. (Benzinga, Sep 10, 3:11 AM ET)

Price Action

Metric	Value
Open	$145.07
High	$154.70
Low	$144.89
Close	$148.25
Change vs prior close	+0.47% (prior close $147.55)
Volume	108,103,855
Intraday range	$144.89 – $154.70 ($9.81)
Close vs IPO	+9.81% vs offer price ($135.00); -7.89% vs IPO-day close ($160.95)

Shares opened at $145.07, near the day's eventual low, and rallied more than $9 intraday to a high of $154.70 before fading back to close at $148.25. Volume came in at 108.1 million shares, below Tuesday's 120.6 million but above the 81.56 million average traded per day since the IPO. The close leaves SPCX 9.81% above its $135 IPO offer price but still 7.89% below the $160.95 close it posted on its first trading day.

Today's session produced a marginal gain on the close, but the stock spent much of the day well above where it finished.

Technicals

SPCX has roughly three months of trading history following its June 12, 2026 IPO. That's now enough of a sample to compute the 5/10/20/50-day moving averages and a 14-day RSI shown below, but the 200-day moving average is still unavailable and won't be computable until the stock has a full year of trading days. Readings should still be treated with some caution given the comparatively short history behind them.

Trend

The close of $148.25 sits just below the 5-day simple moving average of $149.39 and the 5-day exponential average of $148.01, but above the 10-day ($145.60), 20-day ($142.50) and 50-day ($135.20) averages. That stacking — price above the longer-term averages but hovering right at the shortest-term one — is consistent with a stock in an intermediate recovery (up from the early-August low near $108) that has been chopping in a roughly $140–$153 band over the past two weeks: closes of $142.23, $140.71, $149.74, $147.95, $153.47 and $147.55 on the five sessions prior to today.

Candle read

Today's candle has a body of $3.18 (open $145.07 to close $148.25, a bullish body), a long upper wick of $6.45 (from the close up to the $154.70 high), and a short lower wick of $0.18 (from the open down to the $144.89 low). The close-location value of 0.34 means the close sits in the lower third of the day's full $9.81 range. In plain terms: the stock opened near its low, rallied hard to a new short-term high, and then gave back most of the advance — a rejection from the highs even though the close finished slightly green.

Support levels

• $147.55 — prior close
• $145.60 — 10-day SMA
• $144.89 — today's low
• $142.50 — 20-day SMA
• $135.20 / $135.00 — 50-day SMA, close to the IPO offer price

Resistance levels

• $149.39 — 5-day SMA
• $153.47 — September 8 close
• $154.70 — today's intraday high
• $160.95 — IPO-day close

Momentum interpretation

RSI-14 reads 56.85, in neutral territory — above the midpoint but well short of overbought. The volume-vs-average reading stands at 0.97x.

Bull scenario: SPCX holds above the $147.55–$148.01 area (prior close / 5-day EMA) and reclaims the $149.39 5-day SMA, opening a path back toward today's $154.70 high and, further out, the $160.95 IPO-day close.

Bear scenario: SPCX loses the $145.60 10-day SMA and today's $144.89 low, opening a path down to the $142.50 20-day SMA and, below that, the $135.20 50-day SMA near the $135 IPO offer price.

Neutral scenario: SPCX continues chopping between roughly $145.60 and $149.39, extending the range-bound pattern seen since September 1.

Trading Takeaway

SPCX closed marginally higher but rejected a run to a new short-term high, finishing in the lower third of its daily range on a candle with a long upper wick. RSI-14 at 56.85 shows momentum that is positive but not stretched, and the stock remains sandwiched between its 5-day moving average overhead and its 10-day moving average below — consistent with the range-bound trading seen over the past two weeks. For the next session, the key levels to watch are support at $147.55 and $145.60, and resistance at $149.39 and today's $154.70 high.

Sources

1. Billionaire Investor Added SpaceX to His Portfolio Right After the IPO — Benzinga — https://www.benzinga.com/markets/large-cap/26/09/61720139/billionaire-investor-added-spacex-to-his-portfolio-right-after-the-ipo
2. Elon Musk's SpaceX Just Gave Starlink a Major Wi-Fi Upgrade With Its New 4th-Gen Router — Benzinga — https://www.benzinga.com/markets/tech/26/09/61707373/elon-musks-spacex-just-gave-starlink-a-major-wi-fi-upgrade-with-its-new-4th-gen-router
3. Ted Cruz Warns 'Whole World Is in Trouble' if China Leads AI, Says 'We Need Guardrails' — Benzinga — https://www.benzinga.com/markets/tech/26/09/61705191/ted-cruz-warns-whole-world-is-in-trouble-if-china-leads-ai-urges-us-to-act-on-dangerous-and-frightening-risks
4. Alpaca Markets (SIP) — market data

Disclaimer

This report is for informational purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Market data and technical readings are drawn from available sources as of the report date and may be incomplete or delayed. Verify all figures independently before making any financial decision.