SpaceX stock falls 6.4%, market value down $500 billion from peak
By Rohit SharmaMarkets Analyst, Peepals Business
Representative image: sergeitokmakov / Pixabay
SpaceX shares closed at $134.72 on 30 October 2026, down 6.37%, leaving its market value more than $500 billion below its 6 October peak.
What Happened
Shares of SpaceX, Elon Musk's rocket and satellite company, fell 6.37% on the Nasdaq on Friday, 30 October 2026, closing at $134.72, down $9.17 from the previous close of $143.89. The fall took the company's loss in stock-market value to more than $500 billion since its peak on 6 October, when it was valued at over $2.3 trillion. At Friday's close its market capitalisation, the total value of all its shares, stood at about $1.83 trillion.
Key Facts
- SpaceX shares trade on the Nasdaq under the ticker SPCX; the company listed in June 2026.
- On 30 October the stock opened at $137.85 and moved between $134.50 and $140.20 before closing at $134.72 (the US market closes at 4 pm New York time).
- About 122.7 million shares changed hands, roughly 20% more than the 30-day average of about 102.1 million.
- The close left the stock about 40% below its 52-week high of $225.64 and about 28.5% above its 52-week low of $104.83.
- A lock-up period, during which early shareholders could not sell, ended on 22 October, releasing about 1.3 billion shares that could be sold.
- For the July-September quarter, SpaceX reported revenue up 161% to $14.6 billion and net income of $4.4 billion, against a loss of $1.1 billion a year earlier.
- Capital spending in the quarter was $19.6 billion, of which $16.4 billion went to artificial intelligence (AI) and data centres.
Why It Matters
Since SpaceX listed in June, its share price has become a gauge of how investors feel about two large themes at once: commercial space and AI. The slide since early October shows how quickly that mood can change, even for a company whose sales are growing fast.
Three forces are behind the fall, according to market reports. First, the end of the lock-up on 22 October allowed early investors and staff to sell shares for the first time, adding a large supply of stock to the market. Second, technology shares in general came under pressure in the last week of October. Third, investors are weighing the company's heavy spending on AI and data centres against its future profits. In the latest quarter, SpaceX spent more on capital projects, at $19.6 billion, than it earned in revenue, at $14.6 billion.
The strong quarterly results did not stop the decline. Revenue more than doubled and the company turned a profit, but the share price has given up the gains it made after the results were announced. Market reports did not point to any SpaceX-specific news on Friday; the fall came on a day when technology stocks fell more broadly.
For investors in India, SpaceX shares are available only through overseas investment routes, such as the Liberalised Remittance Scheme or international funds, so the direct effect is limited. The bigger link is through sentiment: large swings in US technology and AI stocks often influence how global investors view technology companies in other markets, including India.
| Measure | Figure |
|---|---|
| Close on 30 October 2026 | $134.72 (down 6.37%) |
| Previous close | $143.89 |
| Market value at close | about $1.83 trillion |
| Peak value on 6 October | over $2.3 trillion |
| 52-week high / low | $225.64 / $104.83 |
Impact
Short-term: The stock may stay volatile as shares released by the lock-up continue to come onto the market and as US technology earnings and the economy set the tone. Day-to-day moves will be watched closely by fund managers who bought the stock at listing.
Long-term: The company's value will depend on whether its large spending on AI and data centres turns into lasting profit, alongside its rocket launch and satellite internet businesses. A sustained lower valuation could also affect the plans of other space and AI companies thinking of listing on the stock market.
Who is affected: Shareholders in SpaceX, including funds that hold it, employees and early investors who can now sell, other listed space companies, and investors watching AI-related stocks worldwide.
Key Takeaway
SpaceX closed at $134.72 on 30 October 2026 after a 6.37% fall, leaving it more than $500 billion below its 6 October peak value despite record quarterly revenue.
Questions and Answers
How much market value has SpaceX lost?
SpaceX has lost more than $500 billion in market value since 6 October 2026, when it was valued at over $2.3 trillion. At the close on 30 October it was worth about $1.83 trillion.
Why did SpaceX stock fall?
Market reports link the slide to the end of a lock-up period on 22 October, which let early holders sell about 1.3 billion shares, to a wider sell-off in technology stocks, and to investor concern about the company's heavy spending on AI and data centres.
What was the SpaceX share price on 30 October 2026?
SpaceX (SPCX) closed at $134.72 on the Nasdaq on 30 October 2026, down 6.37% from $143.89. During the day it traded between $134.50 and $140.20.
Did SpaceX report a profit in its latest quarter?
Yes. For the July-September quarter it reported net income of $4.4 billion, against a loss of $1.1 billion a year earlier, on revenue that rose 161% to $14.6 billion.
Disclaimer: Prepared by the Peepals newsroom from publicly available sources with AI assistance. Information is accurate to the best of our knowledge at the time of publication and may change. Images may be representative. Not professional advice. Report an error via our contact page.
By Rohit Sharma, Markets AnalystCovers Markets Watch and more for Peepals Business. All stories by Rohit Sharma
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Rohit Sharma is a pen name of the Peepals Global Editorial Team, which researches, fact-checks and publishes every story. The portrait is an illustration.
