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Summary
SpaceX (SPCX) rose 8.62% to close at $134.27 on Friday, November 6, 2026, far ahead of the Nasdaq's 1.09% gain.
TIKR tied the move to a rebound in AI-linked stocks after a post-midterm selloff and said SpaceX announced no news of its own.
The stock still closed 40.49% below its 52-week high, with heavy AI spending and Texas data-center politics named as risks.
Gotrade News - In the latest SpaceX stock news, SpaceX (SPCX) rose $10.65, or 8.62%, to close at $134.27 in the US session on Friday, November 6, 2026. The SpaceX stock gain came as AI-linked shares rebounded from a post-midterm selloff, with no company announcement behind the move, according to TIKR.
SPCX Trading Data
Data
Value
Closing price
$134.27
Change
+$10.65 (+8.62%)
Previous close
$123.62
Open
$130.94
Day range
$128.57 to $135.32
Volume
115.5 million shares
30-day average volume
101.5 million shares
52-week range
$104.83 to $225.64
Regular-session close on Friday, November 6, 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 7, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
SpaceX opened at $130.94, above Thursday's close of $123.62, and traded between $128.57 and $135.32 before closing $5.70 above the day's low. Volume reached 115.5 million shares, 13.74% above the 101.5 million share average.
The stock ran well ahead of the broad market. The Nasdaq Composite gained 1.09% to 24,579.43 and the S&P 500 added 0.31% to 7,376.86, while the Dow Jones Industrial Average slipped 0.46% to 51,285.73. That left SPCX +7.53 percentage points ahead of the Nasdaq. The US 10-year Treasury yield closed at 4.86%, up 2.2 basis points.
Chip and AI names did much of the lifting. AMD (AMD) rose 11.04% and Nvidia (NVDA) gained 2.78%, while fellow Musk company Tesla (TSLA) added 4.23%. Even after the jump, SpaceX closed 40.49% below its 52-week high and 28.08% above its 52-week low.
No company-specific news explains the gain. According to TIKR, "SpaceX didn't announce anything that explains the jump," and the stock instead moved with AI-linked shares as they rebounded on November 6. TIKR reported that investors bought back stocks they had sold on fears that Democrats would slow data-center approvals, with chip suppliers leading the bounce.
The rebound followed a sharp two-day slide. SpaceX fell 9% on Thursday, and TIKR said SpaceX and Tesla together lost more than $420 billion in market value over the two days after Tuesday's Democratic sweep of Congress. TIKR added that "SpaceX had no news of its own, and the risks behind the drop are still in place."
TIKR also pointed to how much of SpaceX's business now rides on AI: its AI segment, Super Intelligence, brought in $7.6 billion of the company's $14.6 billion in third-quarter revenue.
SPCX Stock Analysis: Supporting Factors and Risks
Supporting Factors
Management view on compute returns: on its October 20 third-quarter earnings call, SpaceX's CFO said new compute deployments pay back in "less than a year," and that pricing ran slightly above the top of the $30 to $50 per-watt range discussed the quarter before, as reported by Motley Fool. This is the company's own claim.
Cash on hand: SpaceX held $89.9 billion in cash and marketable securities as of September 30, per TIKR.
Risks
Heavy spending and financing: management guides fourth-quarter capital spending to $35 billion to $40 billion, and Bloomberg reported that SpaceX's banks are shopping pieces of a roughly $40 billion chip financing to investors, per TIKR. The cost to insure SpaceX's debt against default hit a record during the selloff.
Data-center politics: Democrat Gina Hinojosa won the Texas governor's race on a promise of a data-center moratorium, and Wells Fargo puts 27% of planned US data-center capacity in Texas, where SpaceX has projects, TIKR noted. The moratorium is still a campaign promise.
Next on the calendar, SpaceX will try to launch its Starship rocket again on November 13, according to Barron's.
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.
