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Summary
SpaceX (SPCX) fell 2.25% to $145.23 on October 28, 2026, while the Nasdaq Composite rose 0.27%.
No company-specific cause was reported; Yahoo Finance said the stock slid with nearly every space stock, a week after an unlock freed up to 1.3 billion shares.
The close left SPCX 35.64% below its 52-week high of $225.64.
Gotrade News - In the latest SpaceX stock news, shares of SpaceX (SPCX) fell 2.25% to close at $145.23 on Wednesday, October 28, 2026, a session in which the Nasdaq Composite rose 0.27%.
No company-specific news was reported behind the drop; midday coverage from Yahoo Finance said SpaceX stock slid with nearly every space stock and was back at the floor it reached after last week's large share unlock.
SPCX Trading Data
Data
Value
Closing price
$145.23
Change
-$3.35 (-2.25%)
Previous close
$148.58
Open
$147.37
Day range
$142.13 to $148.20
Volume
98.7 million shares
30-day average volume
103.0 million shares
52-week range
$104.83 to $225.64
Regular-session close on Wednesday, October 28, 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 29, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
SpaceX opened below Tuesday's close and never traded back above it: the session high of $148.20 stayed under the previous close of $148.58. The stock finished $3.10 above its intraday low, and volume ran 4.13% below its average.
The move left SPCX 2.52 percentage points behind the Nasdaq Composite, which closed at 26,549.85. The S&P 500 rose 0.28% to 7,743.98 and the Dow Jones Industrial Average added 0.19% to 52,475.10, while the 10-year Treasury yield climbed 5.2 basis points to 5.05%.
Tesla (TSLA) slipped 0.80% to $404.22, satellite company AST SpaceMobile (ASTS) rose 0.81% to $42.30, and Alphabet (GOOGL), which holds SpaceX shares, gained 1.34% to $324.89 ahead of its quarterly report. The close left SPCX 35.64% below its 52-week high of $225.64 and 38.54% above its 52-week low of $104.83.
Why SpaceX Stock Fell
No company-specific cause was reported for Wednesday's decline. Writing at midday, Yahoo Finance's Jared Blikre said SpaceX slid again along with nearly every space stock, about a week after its largest share unlock yet freed up to 1.3 billion shares. According to Yahoo Finance, the stock fell about 9% on October 22 as those shares unlocked, its worst one-day drop since early August.
The same report said smaller space names had pulled ahead since then: from the October 22 close through October 27, Rocket Lab gained 13.8% and AST SpaceMobile 8.2%, against 2.6% for SpaceX. Yahoo Finance sees support near $140, a level it said the stock has held since the summer.
The unlock came two days after SpaceX's third-quarter report. According to the company's Form 8-K earnings release of October 20, revenue rose 161% year over year to $14.6 billion and net income reached $4.4 billion, against a net loss of $1.1 billion a year earlier.
After the closing bell, Barron's reported that Alphabet booked a mark-to-market loss on its SpaceX holdings in the third quarter, in Alphabet's quarterly results released after Wednesday's close. That news arrived after the session.
SPCX Stock Analysis: Supporting Factors and Risks
Supporting Factors
Starlink growth: per the 8-K, Connectivity revenue rose 69% year over year to $5.2 billion, and Starlink reached 13.6 million consumer subscribers as of September 30, up 1.6 million from the prior quarter.
Super Intelligence growth: the segment's revenue rose 830% year over year to $7.6 billion, and it posted operating income of $431 million after a $1.7 billion operating loss a year earlier.
Starship progress: SpaceX said it flew its first revenue-generating Starship mission in the quarter, delivering 26 Starlink V3 satellites.
Risks
Share supply: Yahoo Finance tied the October 22 drop to an unlock that freed up to 1.3 billion shares for trading.
Heavy spending: the 8-K shows $16.4 billion of Super Intelligence capital expenditure in the quarter, and total costs and expenses for that segment rose $4.6 billion year over year.
IPO track record: per The Motley Fool, an LPL Financial study of nearly 1,500 initial public offerings over 30 years found a median drawdown of up to 48% in the first year of trading, with a median one-year return of negative 4.7%.
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.
