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Summary
SpaceX (SPCX) closed at $141.31 on November 3, 2026, up 3.62%, ahead of the Nasdaq Composite's 0.83% gain.
Invezz tied the rise to reports that SpaceX is in talks with EchoStar to buy Boost Mobile or use its network, though neither company has confirmed an agreement.
A deal may still need approval from AT&T and T-Mobile, and SpaceX stock sits 37.37% below its 52-week high of $225.64.
Gotrade News - In the latest SpaceX stock news, shares of SpaceX (SPCX) closed at $141.31 on Tuesday, November 3, 2026, a gain of +$4.94 (+3.62%) from the previous close of $136.37. Financial media tied the SpaceX stock gain to reports that the company is in talks with EchoStar to buy Boost Mobile or gain access to its wireless network, talks neither company has confirmed.
SPCX Trading Data
Data
Value
Closing price
$141.31
Change
+$4.94 (+3.62%)
Previous close
$136.37
Open
$137.63
Day range
$137.56 to $142.73
Volume
73.2 million shares
30-day average volume
95.3 million shares
52-week range
$104.83 to $225.64
Regular-session close on Tuesday, November 3, 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 4, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
SpaceX opened at $137.63 and traded between $137.56 and $142.73 during the session, closing $3.75 above the day's low. Volume reached 73.2 million shares, 23.14% below the average of 95.3 million shares.
The move outpaced the broader market. The Nasdaq Composite rose 0.83% to 25,372.01 and the S&P 500 gained 0.36% to 7,568.92, while the Dow Jones Industrial Average slipped 0.38% to 51,786.72. That put SpaceX 2.79 percentage points ahead of the Nasdaq. The US 10-year Treasury yield rose 5.8 basis points to 4.95%.
Among related names, Tesla (TSLA), which Elon Musk also runs, fell 1.32% to $398.50, while AST SpaceMobile (ASTS) rose 2.26% to $37.15. SpaceX stock now sits 37.37% below its 52-week high of $225.64 and 34.80% above its 52-week low of $104.83.
Per Invezz, SpaceX shares rose on Tuesday on reports that the company is exploring a deal with EchoStar to acquire Boost Mobile or gain access to its wireless network. Invezz noted that EchoStar shares rose 2.75% on Tuesday, adding to Monday's gain, and that neither SpaceX nor EchoStar has publicly confirmed an agreement.
The Washington Post first reported the talks on Monday, November 2. As reported by Yahoo Finance, the Post said Musk met EchoStar chairman Charlie Ergen in October, according to two people familiar with the negotiations, and that the talks could end with SpaceX buying Boost Mobile outright or gaining access to its network. Yahoo Finance also cited SpaceX CFO Bret Johnsen, who said on an earnings call that the goal is to "become a major mobile carrier ... in the United States."
According to Light Reading, AT&T, T-Mobile and Verizon all reiterated their opposition to giving SpaceX mobile virtual network operator (MVNO) terms on their latest earnings calls, while Boost Mobile ended the third quarter of 2026 with 7.38 million wireless customers.
SPCX Stock Analysis: Supporting Factors and Risks
Supporting Factors
Invezz wrote that a Boost Mobile deal could give SpaceX an established customer base and a faster route into US wireless for its planned Starlink Mobile service.
Per Motley Fool, SpaceX's third-quarter Starlink revenue grew 69% year over year to $5.2 billion, while its Super Intelligence segment revenue rose 830% to $7.6 billion.
Motley Fool also reported consolidated operating income of $2.8 billion for the quarter, compared with an operating loss of $273 million a year earlier.
Risks
No agreement has been confirmed, and Boost leases its network from AT&T and T-Mobile, so those carriers may still need to approve a deal, per Yahoo Finance. Light Reading quoted Verizon CEO Dan Schulman saying "there are no back doors to any of our MVNO agreements."
Motley Fool reported that up to 1.3 billion additional shares became eligible for sale after the third-quarter earnings announcement, as lockups from the June IPO expire.
SpaceX spent $19.6 billion on capital expenditures in the third quarter, more than its entire revenue for the quarter, and is turning to debt to buy GPUs, according to Motley Fool.
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.
