SPCX — Space Exploration Technologies Corp. - Class A Common Stock
Session close: $148.58. Regular-session share volume: 83,006,897. Change from previous close: +1.14%.
Key developments
Deutsche Bank raised its SpaceX price target and maintained a Buy rating ahead of the session. Separately, Musk outlined plans to enter mobile wireless services using SpaceX’s satellite infrastructure. Coverage of Verizon’s earlier earnings reaction identified Starlink Mobile as a competitive threat, underscoring the potential expansion opportunity.
Deutsche Bank Raises SpaceX Price Target to $250 · SpaceX CEO Elon Musk Targets Mobile Wireless Service Launch Within Three Years · Verizon Analyst Remains On Sidelines Despite Strong Q3 Earnings, Expanded Broadband
Verizon’s chief executive argued that competing nationally would require costly terrestrial infrastructure and a lengthy buildout. Those claims describe a hypothetical scenario, not a confirmed SpaceX budget. Separately, Scott Galloway warned in earlier commentary that a proposed Tesla combination could favor Tesla shareholders at SpaceX’s expense. Both companies have committees evaluating a deal; reporting also highlighted potential synergies, SpaceX’s cash burn and scrutiny involving defense contracts and Chinese manufacturing.
Verizon CEO Says SpaceX Could Spend $500 Billion to Enter Wireless. Is That the Real Barrier? · Scott Galloway Warns Tesla Is the ‘Patient’ and SpaceX Its ‘Organ Donor’ in Elon Musk’s $3.5 Trillion Merger Plan: 'Real Merger With a Fake Premise'