---
title: "Weekly Recap | SpaceX -2.64%, AI narrative heats up as shares fade"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/300191767.md"
description: "SPCX closed the week at $148.68, down 2.64% from the previous Friday’s close of $152.71. The S&P 500 gained 1.21% over the same stretch, leaving SPCX roughly 3.85 percentage points behind the benchmark. The week had a clear fade-after-spike shape: the Monday open at $154.77 led to a session high of $158.13, but the stock slid through Wednesday’s 4% drop to $148.36, touched a week low of $145.88 on Thursday, and settled at $148.68 on Friday. Weekly amplitude was 7."
datetime: "2026-09-26T07:07:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/300191767.md)
  - [en](https://longbridge.com/en/news/300191767.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/300191767.md)
generator: "portal-rs"
---

# Weekly Recap | SpaceX -2.64%, AI narrative heats up as shares fade

## The Week

SPCX closed the week at $148.68, down 2.64% from the previous Friday’s close of $152.71. The S&P 500 gained 1.21% over the same stretch, leaving SPCX roughly 3.85 percentage points behind the benchmark. The week had a clear fade-after-spike shape: the Monday open at $154.77 led to a session high of $158.13, but the stock slid through Wednesday’s 4% drop to $148.36, touched a week low of $145.88 on Thursday, and settled at $148.68 on Friday. Weekly amplitude was 7.91%, while average daily volume of roughly 65.9m shares ran about 11% below the median, pointing to lighter participation.

## Key Events

The week’s through-line was the intersection of SpaceX’s AI ambitions and the wider space sector. On Thursday, Elon Musk said SpaceXAI’s Colossus 2 data centre could run more than 1.2 million Nvidia GB200 and GB300 chips by year-end, and added that SpaceX could reach GPT-6-level AI in three months and a leading position within six. A day earlier, Google said it would run its first space AI-chip test under Project Suncatcher and launch an experimental satellite for an orbital AI data centre, with SpaceX seen as a potential beneficiary. On Friday, markets digested reports that SpaceX acquired xAI for $250 billion and that the unit’s total addressable market was pegged at $26.5 trillion. Around the same time, the company’s president filed to sell nearly $52 million in stock. On the competitive front, Blue Origin raised $10 billion to fund New Glenn and its TeraWave satellite network. Starship Flight 14 also moved into preparation.

## The Week Ahead

The macro calendar is busier over the coming days. Monday brings the Dallas Fed manufacturing business activity index, with a prior reading of 11.6. Tuesday packs in FHFA house prices, the S&P CoreLogic Case-Shiller 20-city index, JOLTS job openings and consumer confidence; JOLTS previously printed 7.271m versus a 7.24m forecast, and consumer confidence came in at 89.4 versus a 90 consensus. For SPCX specifically, the timing of Starship Flight 14, any follow-up from Musk on SpaceXAI’s expansion, and progress on Google’s Project Suncatcher could all shape how the market weighs the AI-and-space narrative next week.

## In Short

SPCX fell this week even as the AI narrative heated up, suggesting the market did not chase the headlines for long. The stock remains above its 60-day moving average of $137.59, but the weekly close back near the 20-day line of $148.395 reflects fading near-term momentum. On the latest trading day, large-lot money was a net seller. Valuation remains stretched relative to current earnings, with enthusiasm priced around very large long-term assumptions for SpaceXAI. The question ahead is whether the AI story translates into concrete launch and data-centre milestones, and how the macro data flow shifts risk appetite across the space sector.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**