SpaceX shares fell 9.14% on October 22, 2026, before recovering part of that decline in premarket trading on October 23. The selloff came as investors faced an unresolved potential Tesla combination, newly saleable insider shares and substantial capital-spending plans. Tesla also declined, falling 3.08% on Thursday.
Key Takeaways
- SpaceX’s early Friday rebound recovered only part of Thursday’s decline.
- A potential Tesla combination remained under review, with no transaction terms established.
- Reported wireless-site discussions were not an announced agreement.
Table of Contents
- SpaceX shares recover only part of Thursday’s loss
- Merger review and spending plans remain unresolved
- Wireless expansion discussions are not a completed deal
- Conclusion
SpaceX shares recover only part of Thursday’s loss
SpaceX rose 1.98% before Friday’s open at 9:07 a.m. ET, following a Thursday session in which it lost $14.56 per share. The premarket recovery left the stock well below Wednesday’s closing price of $159.31.
Tesla was little changed in the same premarket snapshot, down 0.11%, after losing $11.89 per share on Thursday. Both stocks had declined during a weaker session for the broader market: the Nasdaq Composite fell 2.6%, while the S&P 500 lost 1.2%.
These prices describe separate trading snapshots, not Friday’s completed session. They also measure changes in the market value of shareholders’ holdings rather than realized cash losses.
| Item | Details |
|---|---|
| SpaceX, October 22 close | $144.75 per share |
| SpaceX, October 23 premarket | $147.61 at 9:07 a.m. ET |
| Tesla, October 22 close | $374.58 per share |
| Tesla, October 23 premarket | $374.15 at 9:07 a.m. ET |
Merger review and spending plans remain unresolved
SpaceX’s filing said its special committee had made no determination on a potential combination with Tesla. Any deal would require Elon Musk’s approval as controlling shareholder. A review therefore should not be treated as an agreed merger, and no transaction terms had been set.
About 911.5 million insider shares also became eligible for sale as post-IPO restrictions eased. Eligibility does not establish that those shares were actually sold.
Meanwhile, SpaceX’s third-quarter capital expenditure reached $19.6 billion, compared with $6.9 billion a year earlier. Management guided fourth-quarter spending to $35 billion–$40 billion. That planned increase represents a further financing and execution commitment, but the available evidence does not isolate how much each development contributed to Thursday’s price decline.
Wireless expansion discussions are not a completed deal
Friday’s early trading followed reports that SpaceX was discussing access to about 80,000 US cell sites for a nationwide wireless network, with Crown Castle and American Tower named as potential counterparties. The discussions did not establish a signed agreement or how many sites either company might provide.
Crown Castle’s tower and rooftop infrastructure illustrates how such sites support network expansion: the company describes locations used by wireless operators to extend or strengthen coverage. That service description explains the infrastructure’s role; it does not confirm SpaceX negotiations or the proposed site total.
Conclusion
The next price checkpoint for SpaceX shares is the October 23 regular-session close. The early rebound was only partial, while the potential Tesla combination and wireless-site discussions remained unfinished.
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Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
