SpaceX Stock Closes at $139.11 as Investors Weigh Revenue Growth Against AI Spending
SpaceX stock closed at $139.11 on Friday, November 13, down 0.59% from the previous close of $139.94, according to Yahoo Finance data. Shares of the company, which trade on Nasdaq under the ticker SPCX, slipped a further 2.06% in after-hours trading to $136.25. Yahoo Finance's market summary described SpaceX as balancing strong operating growth against a major investment cycle.
SpaceX Stock Performance Over the Past Week
On Friday, SPCX traded between $136.64 and $142.24, with about 76 million shares changing hands, Yahoo Finance data showed. The company's market capitalization stood at roughly $1.89 trillion. Over the past 52 weeks, the stock has ranged from a low of $104.83 to a high of $225.64.
The week began with a sharp decline. SPCX fell 9.05% to $123.62 on November 5, while the Nasdaq Composite dropped 5.52%, according to Gotrade News. One market analysis linked the decline to a sell-off in AI and technology shares after the U.S. midterm elections. Shares rebounded 8.62% to $134.27 on November 6, moving with AI-linked stocks. Gotrade cited TIKR as saying SpaceX had made no announcement that explained the gain. On November 10, SPCX closed at $143.09, up 0.72%, even as the Nasdaq Composite fell 0.74%.
MarketBeat data showed the stock had declined about 8.58% over the past month as of the November 13 close.
Third-Quarter Results and AI Computing Plans
SpaceX reported third-quarter revenue of $14.6 billion, according to Yahoo Finance. Another market analysis, citing the company's October 20 report, put revenue growth at 161% and net income at $4.40 billion. That analysis also said the company's AI business accounted for more than half of third-quarter revenue.
Yahoo Finance noted that planned AI-computing campuses could require more than $74 billion in investment and add to financing pressure for the company.
IPO Price and Analyst Targets
SpaceX went public on Nasdaq on June 12, 2026, at $135 per share. The offering raised $75 billion by selling 555.6 million shares and valued the company at about $1.77 trillion, according to Kotak Neo. NPR reported that the stock closed its first trading day at $160.95, up 19%. The stock now trades slightly above its IPO price.
Benzinga lists a consensus analyst price target of $246.51 for SPCX.
Reported Talks Involving Boost Mobile
The Washington Post reported on November 2 that SpaceX is in talks to buy Boost Mobile or secure access to its network, according to AIStockWire. AIStockWire also reported that EchoStar is due to receive up to $35 billion in SpaceX stock. SpaceX has not confirmed the talks in the material reviewed.
Data source: Yahoo Finance, Gotrade News, MarketBeat, Benzinga, NPR, AIStockWire
Writer: Marcus RenfieldCrypto Market Analyst & Onchain WriterMarcus Renfield covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends.He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.