Tiger Global and PIF Take New SPCX Stakes

SPCX closed at $139.84 on August 14, 2026, down 1.03% from the prior session's $141.29 close.

Executive Summary

SPCX pulled back for a second straight session, closing at $139.84 after trading as high as $144.02 and as low as $135.50 intraday. The stock remains above its $135.00 IPO offer price but has given back part of the bounce that took it to $146.15 on August 12. Volume came in below both the prior session's total and the average volume to date, suggesting the pullback was not accompanied by heavy selling pressure.

Newsflow was heavy but mixed in market relevance. Several items pointed to continued institutional interest, including a new stake from Tiger Global and a large new position from the Public Investment Fund, alongside coverage of Gina Rinehart's existing SpaceX stake and ETF vehicles that offer exposure to the name. Separately, Elon Musk's comments on "orbital compute" and reports of a $60 billion SpaceX-Cursor deal kept the AI angle in the headlines, while other coverage recapped the stock's recovery back above its IPO offer price and its ranking among the most-owned names on Robinhood. None of these items change the price levels reported below; they are covered in full in the news roundup accompanying this report.

News

1. Gina Rinehart Makes SpaceX Her Biggest U.S. Bet—ETFs Offer Investors Another Route In

Gina Rinehart’s $1.37B SpaceX stake puts fresh focus on ETFs holding Elon Musk’s stock, from Nasdaq-100 funds to leveraged single-stock ETFs. (Benzinga, Aug 14, 3:25 PM ET)

2. Elon Musk Says AI Could Hit Earth's Power Wall in 2029: 'Orbital Compute' Will Be the Only Way to Scale

Elon Musk says AI could hit Earth’s power limits by 2029, making orbital compute the only way to keep scaling AI infrastructure. (Benzinga, Aug 14, 2:54 PM ET)

3. Tiger Global Management Takes New Stake In Space Exploration Technologies Corp With 375,000 Shares

(Benzinga, Aug 14, 2:22 PM ET)

4. Grok 4.6 Launches In GitHub Copilot

(Benzinga, Aug 14, 1:42 PM ET)

5. Tesla Preps SpaceX Rocket-Powered Flying Roadster Demo

Tesla plans to demo its next-generation Roadster with rocket technology from SpaceX as soon as this month, according to reports. (Benzinga, Aug 14, 12:05 PM ET)

6. SpaceX Closes $60 Billion Cursor Deal: Here's Why This Could Turn Elon Musk's AI Ambitions Into Reality

The $60 billion SpaceX Cursor deal gives Elon Musk developer distribution, enterprise customers and data that could strengthen Grok. (Benzinga, Aug 14, 11:28 AM ET)

7. Public Investment Fund Takes New Stake In Space Exploration Technology Corp With 154,146,835 Shares

(Benzinga, Aug 14, 11:02 AM ET)

8. Why Investors Are Suddenly Bullish on SpaceX Again

SpaceX shares are rebounding as Elon Musk's AI vision, easing lock-up concerns and Starlink's strength reshape investor sentiment. (Benzinga, Aug 14, 10:28 AM ET)

Price Action

Metric	Value
Open	$142.92
High	$144.02
Low	$135.50
Close	$139.84
Change vs prior close	-1.03% (prior close $141.29)
Volume	88,335,751
Intraday range	$8.52 ($135.50–$144.02)
Close vs IPO offer price ($135.00)	+$4.84 (+3.59%)

SPCX opened at $142.92, pushed to a session high of $144.02 early, then sold off to a low of $135.50 before recovering to close at $139.84. The close landed roughly in the middle of the day's $8.52 range, meaning sellers did not hold the session's lows into the close. Volume of 88,335,751 shares came in below both the prior session's 120,359,066 shares and the 112,671,035-share average volume to date, indicating the down session was on lighter-than-typical participation. The stock remains $4.84 above its $135.00 IPO offer price but is now $21.11 below its June 12 first-day close of $160.95.

Today's session was a pullback within a range, not a breakdown: price gave back ground from Wednesday's close but recovered off the day's low well before the bell.

Technicals

SPCX has been public for roughly two months, so the standard 14-day RSI and 20/50/200-day moving averages that traders normally lean on are either not yet available (SMA-50 and SMA-200 are both marked unavailable in the data) or still building a meaningful sample. The 14-day RSI and shorter moving averages below should be read as early, thin-sample signals rather than the same tools applied to a stock with years of history. Price structure, candle shape, and volume carry more weight here.

Trend

The daily close history shows SPCX peaked near $201.80 on June 16, four days after its IPO, then spent late June through early August in a sustained downtrend that bottomed at $108.27 on August 5. From there the stock rallied sharply to $146.15 on August 12 before pulling back over the last two sessions to today's $139.84 close. The available short-term averages reflect that recent bounce: SMA-5 sits at $139.86, essentially in line with today's close, while EMA-5 at $137.85 and SMA-10 at $129.55 are both below price, consistent with an uptrend off the August 5 low that is now consolidating. SMA-20 at $122.52 remains well below current price, underscoring how far the stock has recovered from its early-August low even after today's pullback.

Candle read

Today's candle has a bearish body of -$3.08 (open $142.92, close $139.84), a $1.10 upper wick, and a $4.34 lower wick, for a total range of $8.52. The closing location of 0.51 means the close sits almost exactly at the midpoint of the day's range. That combination — a red body with a lower wick nearly four times the upper wick — shows sellers pushed price down to $135.50 intraday, but buyers stepped in and pushed the close back toward the middle of the range rather than letting it settle near the lows.

Support levels

• $135.50 — today's intraday low, the most immediate support
• $135.00 — the IPO offer price, a round-number level with psychological and structural significance
• $129.55 — the SMA-10, a short-sample but currently relevant moving-average level
• $122.52 — the SMA-20, further below and also a thin-sample reading
• $108.27 — the August 5 closing low, the deepest recent support on the daily close history

Resistance levels

• $141.29 — the prior session's close, now acting as a pivot overhead
• $144.02 — today's intraday high
• $146.15 — the August 12 closing high, the most recent swing high
• $150.00 — the next round-number level above current price
• $160.95 — the June 12 IPO-day close, a longer-range resistance marker

Momentum interpretation

Bull scenario: a reclaim of $141.29–$144.02 with volume expansion would put the recent swing high at $146.15 back in play, with the stock still holding above SMA-5 at $139.86.

Bear scenario: a break below $135.50, and especially below the $135.00 IPO offer price, would open the door toward the SMA-10 at $129.55 and, on further weakness, the SMA-20 at $122.52.

Neutral scenario: continued consolidation between the $135.50 low and $144.02 high, with the RSI-14 reading of 54.62 sitting near the midpoint and showing no strong directional bias either way.

Trading Takeaway

SPCX pulled back on lighter volume after failing to hold last week's bounce to $146.15, but the session's long lower wick and mid-range close suggest the pullback found buyers rather than accelerating into a breakdown. The stock remains above its $135.00 IPO offer price, and the next session's key levels to watch are $135.50 on the downside and $141.29–$144.02 on the upside.

Sources

1. Gina Rinehart Makes SpaceX Her Biggest U.S. Bet—ETFs Offer Investors Another Route In — Benzinga
2. Elon Musk Says AI Could Hit Earth's Power Wall in 2029: 'Orbital Compute' Will Be the Only Way to Scale — Benzinga
3. Tiger Global Management Takes New Stake In Space Exploration Technologies Corp With 375,000 Shares — Benzinga
4. Grok 4.6 Launches In GitHub Copilot — Benzinga
5. Tesla Preps SpaceX Rocket-Powered Flying Roadster Demo — Benzinga
6. SpaceX Closes $60 Billion Cursor Deal: Here's Why This Could Turn Elon Musk's AI Ambitions Into Reality — Benzinga
7. Public Investment Fund Takes New Stake In Space Exploration Technology Corp With 154,146,835 Shares — Benzinga
8. Why Investors Are Suddenly Bullish on SpaceX Again — Benzinga
9. Elon Musk's Tesla Compensation Was 2.5 Million Times the Median Worker's Pay in 2025, 41 Times the EV Giant's 2025 Net Income: TSLA Stock Up 1.59% (UPDATED) — Benzinga
10. Elon Musk Holds Over 48% of SpaceX— But Says His Actual Vested Stake Is Lower: SPCX Stock Rises 2% in Friday Premarket — Benzinga
11. A New Artificial Intelligence (AI) Company Has Cracked the Top 5 Most Popular Stocks on Robinhood — The Motley Fool
12. Russia's Starlink Rival Could Erode Ukraine's Communications Edge as Moscow Ramps Up Satellite Deployment 'Much Faster Than Originally Planned' — Benzinga
13. SpaceX Stock Climbs Back Above Its $135 IPO Price -- Here's Where It Could Trade by August 2027 — The Motley Fool
14. Alpaca Markets (SIP) — market data

Disclaimer

This report is for informational purposes only and does not constitute investment advice. It is not a recommendation to buy, sell, or hold any security. Market data and figures are sourced as cited above and may be delayed or subject to revision. Verify all information independently before making any investment decision.