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Summary
SpaceX (SPCX) rose 0.14% to $139.94 on November 12, 2026, after trading as high as $147.60 during the session.
Bloomberg reported that SpaceX and Tesla could announce a merger as soon as December, according to Electrek, though neither company commented.
The stock finished 0.53 percentage points ahead of the Nasdaq Composite, which fell 0.39%, and stands 37.98% below its 52-week high.
Gotrade News - In the latest SpaceX stock news, SpaceX (SPCX) rose 0.14%, or $0.19, to $139.94 on Thursday, November 12, 2026, finishing near flat after a wide intraday swing. SpaceX stock moved on the day Bloomberg reported that SpaceX and Tesla are advancing merger talks that could lead to an announcement as soon as December, according to Electrek.
SPCX Trading Data
Data
Value
Closing price
$139.94
Change
+$0.19 (+0.14%)
Previous close
$139.75
Open
$137.85
Day range
$137.75 to $147.60
Volume
96.0 million shares
30-day average volume
105.5 million shares
52-week range
$104.83 to $225.64
Regular-session close on Thursday, November 12, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since November 13, 2025. Indices: Yahoo Finance daily closes for the same date.
SPCX opened at $137.85, slipped to a session low of $137.75 and rallied as high as $147.60 before giving back most of that gain, closing $2.19 above the day's low. Volume came in at 96.0 million shares, 9.01% below the 105.5 million share average.
The stock held up better than the broader market. The Nasdaq Composite fell 0.39% to 25,366.09, the S&P 500 slipped 0.35% to 7,592.40 and the Dow Jones Industrial Average lost 0.36% to 52,297.09, leaving SPCX 0.53 percentage points ahead of the Nasdaq.
At the close, SPCX stood 37.98% below its 52-week high of $225.64 and 33.49% above its 52-week low of $104.83. It also finished above its June IPO price of $135, as Stocktwits noted.
Why SpaceX Stock Rose
Financial media tied the session's swing to new merger reporting, not to a SpaceX announcement. On Thursday, Bloomberg reported that SpaceX and Tesla could announce a combination as soon as December, with boards and advisers on both sides discussing price, control and how many SpaceX shares Tesla investors would receive, as reported by Electrek. Neither company commented, Electrek noted.
Covering the same report, Stocktwits said SPCX rallied during the session before closing flat. People familiar with the talks said a key issue is separating Tesla's China manufacturing operations from SpaceX's U.S. government and defense contracts, and the companies have also considered an announcement slipping into early 2027, according to Stocktwits.
The talks build on Musk's October comments that both boards had formed special committees of independent directors to evaluate a combination. Musk said there is "no guarantee" of a deal and that he is not part of the discussions, per Stocktwits.
A day earlier, on November 11, Musk wrote on X that "it takes us ~2 months working 24/7 to get a large compute cluster working reliably" and guessed "closer to 6 months for others," according to TIKR, which noted that the rival comparison rests on Musk's own guess.
SPCX Stock Analysis: Supporting Factors and Risks
Supporting Factors
Merger talks have moved to terms: per Electrek, boards and advisers are now working through price and control. Musk has cited possible cooperation in superintelligence software, chip design, the Terafab semiconductor project, robotics and mass-to-orbit capabilities tied to Starlink, according to Stocktwits.
Revenue guidance: SpaceX has guided first-quarter revenue to $33 billion to $37 billion, according to TIKR.
Risks
No agreement yet: neither company commented on the Bloomberg report, Musk has said there is "no guarantee" of a deal, and any announcement could slip into early 2027.
Regulatory and political hurdles: ring-fencing Tesla's China operations is a main obstacle, and Democrats, who won control of Congress in the midterms, have said Musk's companies and political ties will get scrutiny, per Electrek.
Heavy spending: TIKR puts SpaceX's trailing-twelve-month capital spending at $55.1 billion and free cash flow at negative $39.3 billion, and says the next quarterly results will show whether rental income keeps pace with that spending.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
