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Summary
SpaceX (SPCX) fell 6.37% to $134.72 on October 30, 2026, finishing $0.22 above its day low and just below its $135 IPO price.
The Associated Press tied the wider tech selloff to doubts about AI spending, and coverage of the session named no SpaceX-specific cause.
SpaceX's Super Intelligence segment brought in $7,560 million of $14,575 million in third-quarter revenue, per its 10-Q.
Gotrade News - In the latest SpaceX stock news, SpaceX (SPCX) fell 6.37% to close at $134.72 on Friday, October 30, 2026. SpaceX stock slid as a broad tech selloff deepened, which the Associated Press tied to doubts about whether heavy AI spending will pay off, and coverage of the session named no company-specific cause.
SPCX Trading Data
Data
Value
Closing price
$134.72
Change
-$9.17 (-6.37%)
Previous close
$143.89
Open
$137.85
Day range
$134.50 to $140.20
Volume
122.7 million shares
30-day average volume
102.1 million shares
52-week range
$104.83 to $225.64
Regular-session close on Friday, October 30, 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 October 31, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
SPCX opened at $137.85, already below Thursday's close, and traded between $134.50 and $140.20. It finished just $0.22 above the day's low.
Volume reached 122.7 million shares, 20.13% above the 102.1 million-share average. The drop was 3.51 percentage points deeper than the Nasdaq Composite's 2.86% decline to 25,437.00, while the S&P 500 fell 1.82% to 7,580.07 and the Dow Jones Industrial Average lost 1.09% to 51,770.31. The US 10-year Treasury yield eased 6.0 basis points to 4.93%.
Among large technology names, Oracle (ORCL) also fell 6.37% and Intel (INTC) dropped 28.58%. Tesla (TSLA), which Elon Musk also leads, slipped only 0.87%. The close leaves SPCX 40.29% below its 52-week high of $225.64 and 28.51% above its 52-week low of $104.83.
Financial media coverage of the October 30 session named no SpaceX-specific news behind the drop. Instead, according to the Associated Press, the sell-off for tech stocks deepened as worries rose about whether hundreds of billions of dollars of AI spending "will produce enough profit and productivity." AP added that Intel's forecast for the final quarter of 2026 fell well short, and that chip stocks and other AI data-center beneficiaries fell on fears that high interest rates may slow data-center buildouts.
SpaceX's own numbers show how large its AI business has become. According to its quarterly report on Form 10-Q, the Super Intelligence segment brought in $7,560 million of total third-quarter revenue of $14,575 million, up from $813 million a year earlier. Motley Fool describes that unit as renting computing power and selling AI software and ads.
Financial media did not tie Friday's drop to that exposure directly. A Motley Fool column published after the session said "the doubt is whether the AI spending pays off," and noted that SpaceX went public in June at $135 per share, just above Friday's close.
SPCX Stock Analysis: Supporting Factors and Risks
Supporting Factors
Third-quarter revenue rose to $14,575 million from $5,576 million a year earlier, according to the 10-Q, with the Connectivity segment growing to $5,248 million from $3,097 million.
Starlink reached 13.6 million consumer subscribers at the end of September, up about 89% from a year earlier, as reported by Motley Fool, citing SpaceX's filings.
Management expects first-quarter 2027 revenue of $33 billion to $37 billion, per Motley Fool.
Risks
Purchases of property, plant and equipment reached $48,069 million in the first nine months of 2026, up from $13,846 million a year earlier, per the 10-Q. Motley Fool set that spending against $13.1 billion of operating cash flow.
Elon Musk said SpaceX rents computing power at "effectively the spot-market rate," so revenue may swing with rental prices, according to Motley Fool. Starlink's average revenue per user also fell to $69 in the third quarter from $83 a year earlier.
Simply Wall St reported on November 1 that a federal judge let an NAACP Clean Air Act complaint over gas-fired turbine emissions at SpaceX's Mississippi AI data centers proceed.
Musk said on SpaceX's third-quarter call that merging with Tesla was a good idea, and each company formed a special committee. Motley Fool flagged heavy dilution for SpaceX holders if a deal is paid in stock.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
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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.
