SpaceX stock gains 6.80 percent as Starship reaches orbit

Published on 10/05/2026 at 21:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SpaceX stock was last at USD 169.77 on October 5, 2026, up 6.80 percent as Starship reached orbit. Q2 revenue rose 92 percent to USD 7.8 billion.

SpaceX, US84615Q1031, Illustration mit AI erstellt.

SpaceX (ISIN US84615Q1031) was last at USD 169.77 on Nasdaq on October 5, 2026, up 6.80 percent, as the company’s Starship program moved from test milestone to commercial relevance. Reuters reported on September 28, 2026, that Starship reached orbit for the first time and deployed 26 Starlink V3 satellites.

Starship clears its first orbital hurdle

The achievement came on Starship’s 14th test flight, but the mission exposed an execution risk at the same time. One of the rocket’s three main engines shut down after separation, cutting the planned 10-hour mission to 3 hours before the vehicle completed its orbital maneuver and controlled descent.

That combination matters for the stock because Starship is intended to expand Starlink capacity and support future lunar missions. Reuters described the flight as Starship’s first revenue-generating commercial mission, although the vehicle remains in development and the engine issue shortened the flight.

Q2 growth meets heavy AI spending

SpaceX reported USD 7.8 billion of Q2 2026 revenue, up 92 percent from the year-earlier quarter, while AI revenue reached USD 2.6 billion after rising 247.5 percent year over year, according to Yahoo Finance on October 5, 2026.

The spending profile is more demanding than the revenue growth. Q2 capital expenditures reached USD 18.4 billion, including USD 15.8 billion for AI infrastructure, while the net loss narrowed to USD 541 million from USD 1.0 billion in Q2 2025. Starlink subscribers doubled year over year to 12 million, giving the connectivity business a measurable operating base.

Analysts weigh growth against valuation

MarketBeat reported on October 3, 2026, that 44 analysts carried a Moderate Buy consensus with an average price target of USD 218.68. The published ratings included 3 Strong Buys, 27 Buys, 7 Holds and 7 Sells, showing a positive aggregate view alongside a wide range of individual opinions.

The valuation leaves less room for operational setbacks. SpaceX’s current market capitalization is USD 2.2 trillion, while its 52-week range runs from USD 104.83 to USD 225.64. The stock’s market value therefore depends heavily on Starship reliability, Starlink expansion and the conversion of AI infrastructure spending into recurring revenue.

SpaceX stock trades near the session high

SpaceX stock was last at USD 169.77 on Nasdaq at 3:22 p.m. ET on October 5, 2026, with an intraday range of USD 158.62 to USD 169.79. The Wall Street Journal identifies SPCX as a Nasdaq-listed stock and lists Q3 2026 results for November 5, 2026.