SpaceX’s $750 Billion Rally Breaks Stock Out of Post-IPO Funk

Markets Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Carmen Reinicke October 9, 2026 at 11:00 AM UTC Takeaways by Bloomberg AI SpaceX investors are finally getting some reprieve after months of being whipsawed by volatility as the Elon Musk-led company’s stock breaks above the level it’s been stuck below since July. Space Exploration Technologies Corp. shares have been trading above $160 all week, a level they closed at on July 6 but hadn’t returned to since. The stock has jumped 48% in just three months after hitting a low on Aug. 5. Shares extended those gains Friday after SpaceX acquired a crucial batch of spectrum that will allow it to offer “complete phone coverage in America.”