SpaceX Jumps 10%, Nasdaq 100 Rises as AI Trade Returns: Stock Market Today
Key takeaways
- SpaceX’s explosive earnings and bold guidance revived the AI trade, sending the Nasdaq 100 higher and adding $200 billion to the company’s market value.
- SPCX revenue Q3 2026 $14.6 billion (+161% YoY)
- SPCX adjusted EBITDA Q3 2026 $8.8 billion
- Super Intelligence unit revenue $7.56 billion (+830%)
What happened
Space Exploration Technologies Corp. (SPCX) surged 10% after reporting third‑quarter revenue of $14.6 billion, up 161% YoY, and adjusted EBITDA of $8.8 billion. Its Super Intelligence unit generated $7.56 billion, up 830%. The rally lifted the Nasdaq 100 1.3% to 29,863 and the S&P 500 0.5% to 7,753.
Why it matters
The earnings beat and aggressive guidance suggest SpaceX’s AI and launch businesses are scaling faster than analysts expected, reinforcing the AI theme across tech stocks. The jump added roughly $200 billion in market value to SpaceX in one session, signaling renewed investor confidence in high‑growth, high‑margin…
Short-term and longer-term
Short-term. For the next day or two, watch how SpaceX’s 10% jump feeds into the Nasdaq 100’s momentum.
Longer-term. Over the coming months, SpaceX’s aggressive revenue guidance and AI expansion could reshape the high‑growth tech landscape.