SpaceX Rebounds 6% as NASA Adds $946M and Terafab Chip Plant Takes Shape
SPCX sits 29% above its 52-week low of $104.83.
Summary
Shares rose 6% early Friday after a nearly 13% two-day slide, helped by Deutsche Bank reiterating a buy rating and $250 target. NASA added $946 million to SpaceX's astronaut transportation contract in September, lifting the total to $5.92 billion — a meaningful expansion of a core government revenue line. SpaceX and Tesla are building Terafab, a chip fabrication research facility at Gigafactory Texas aimed at speeding up testing of new chip designs. On the risk side, AT&T and T-Mobile reportedly discussed cutting Boost Mobile's network access if SpaceX buys the carrier, and the deal may need both operators' approval. The S-1 also disclosed that U.S. agencies would supply about 20% of 2025 revenue, above Musk's recent estimate, while director Donald Harrison resigned effective Nov. 4 over conflicts involving Alphabet.
At the time of this announcement, SPCX was trading at $135.64 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.8T. The 52-week trading range was $104.83 to $225.64. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.