--- title: "☕️ [Task Coins Giveaway] Daily Market Talk — SpaceX Jumps 7.6%" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000925943.md" description: "SpaceX ripped +7.6% after Morgan Stanley called it one of the cheapest ways to own space and AI, putting Musk back above $1 trillion. Nvidia closed at a record and dragged the Nasdaq to one too. The c..." datetime: "2026-10-06T02:38:34.000Z" locales: - [en](https://longbridge.com/en/topics/100000000925943.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000925943.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000925943.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # ☕️ [Task Coins Giveaway] Daily Market Talk — SpaceX Jumps 7.6% SpaceX ripped **+7.6%** after Morgan Stanley called it one of the cheapest ways to own space and AI, putting Musk back above **$1 trillion**. Nvidia closed at a record and dragged the Nasdaq to one too. The catch: 10- and 30-year Treasury yields printed fresh 24-year highs. At home, Singapore's DayOne filed for a Nasdaq IPO. Let's dig in 👇 **💬 SpaceX is up 58% from its August low: would you still buy here, or wait for a pullback?** ## 📊 Quick Recap — What Moved & Why ### 🇺🇸 US — SpaceX Finds Another Gear **🔑 Key Event:** $SpaceX(SPCX.US) jumped **+7.6%** to **$171.09** after Morgan Stanley called it one of the cheapest ways to play space and AI, with a **$300** target. **The stock is up 58% from its August low, and Musk is a trillionaire again.** > @gedebe**:** Electronic product usually depreciate fast and investing in it force the investor to run against time. **👀 Other to Watch** - **Nasdaq** → **+1.05%** to a record **27,477**; S&P 500 **+0.66%**, Dow **+0.18%**, as October hike odds fell to about one in four. - $NVIDIA(NVDA.US) → **+2.1%** to a record close, market value **$5.76T**. - $Western Digital(WDC.US) **+6.3%** and $Seagate Tech(STX.US) **+4.5%** clawed back part of Friday's 10% drop. - $PTC(PTC.US) → **+33.5%** after Schneider Electric agreed to buy it for **$22.6B** in cash. ### 🇸🇬 Singapore — DayOne Picks Nasdaq **🔑 Key Event:** Singapore's **DayOne** filed for a Nasdaq IPO, reportedly seeking up to **US$5B** at a **US$20B** valuation. **STI rose** **+0.5%** **Monday to 5,664, then slipped about** **-0.3%** **this morning.** > @TheInvestingIguana**:** At the 2 October close, trailing dividends gave DBS a 4.12% yield, UOB 3.69% and OCBC 2.81%. **👀 Other to Watch** - $DBS(D05.SG) → **+0.8%** Monday, the most traded stock by value on day one of 10-share lots; $SGX(S68.SG) slipped another **-1.1%**. - **Mi Material** → lodged its SGX mainboard prospectus to raise **S$168M**, listing **Oct 28**. - $Venture(V03.SG) → **+2.6%**, the STI's top gainer. - $Civmec(P9D.SG) → over **A$220M** in new contracts, order book about **A$1.5B**. - August retail sales grew just **0.7%**, short of the **2%** forecast. ### 🇭🇰 HK/China — Tech Follows Nasdaq Up **🔑 Key Event:** Hang Seng is up nearly **+1%** this morning around 24,245 after the Nasdaq record, with Alibaba opening about **+3%**. > @Fattycat**:** At first glance Alibaba looks pricier than its peers. ### 🌍 Other to Watch - 📉 US 10- and 30-year yields hit fresh 24-year highs; the dollar is near its 2026 high. - 🛢️ Brent settled around **$100** and WTI fell **-1.8%** to about **$89** as Middle East exports recovered. - 🪙 Gold held near **$4,140** an ounce. > @Ally**:** SREITS are proving hard to hold. Whilst DPU has been consistently rising, capital depreciation on my holdings is sad to see. ## 📅 Upcoming Key Events | **When (SGT)** | **What** | | --------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------- | | **Tue 6 Oct (today)** | 🇺🇸 Trade balance, 8:30pm | | **Thu 8 Oct** | 🇺🇸 10-year auction, 1am **🇺🇸 Fed September minutes, 2am** 🇸🇬 Jardine C&C ex-dividend 🇺🇸 PepsiCo results, 6pm 🇺🇸 Jobless claims, 8:30pm | | **Fri 9 Oct** | 🇺🇸 30-year auction, 1am 🇺🇸 UMich consumer sentiment, 10pm | | **Watching** | 🌍 Hormuz talks and Houthi attacks on Saudi energy sites | 👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨ 🚫 No duplicates · ⏰ Deadline: Oct 6, 2026, 11:59 PM SGT Not investment advice, just market talk 🙏 ### Related Stocks - [D05.SG](https://longbridge.com/en/quote/D05.SG.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [STI.SG](https://longbridge.com/en/quote/STI.SG.md) - [V03.SG](https://longbridge.com/en/quote/V03.SG.md) - [PTC.US](https://longbridge.com/en/quote/PTC.US.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) ## Comments (47) - **NewUser_zS0M8w · 2026-10-06T15:29:04.000Z**: Nvidia has been on the rise lately with strong continued upward momentum which is refreshing for a top leading chip and AI company that I believe is still undervalued and underloved. I will be watching closely to see if this momentum can hold and whether it can finally break past the resistance - **NewUser_oPJWOU · 2026-10-06T14:48:22.000Z**: The S&P has somehow rallied to new 52 weeks high amidst all the chaotic interest rates probability guessing and the ongoing Straits of Hormuz situation. Bond yields are still rising and this is still an alarming indicator for the next 12 months. - **NewUser_hCn26 · 2026-10-06T14:32:25.000Z**: SpaceX's surge highlights growing appetite for foundational AI and satellite infrastructure despite multi-decade high Treasury yields. While rich valuations and elevated interest rates increase short-term drawdown risk, SpaceX’s unique intersection of orbital scale and network connectivity positions - **TheCollector · 2026-10-06T13:29:09.000Z**: The market, led by tech and software, is buoyed by retracement in oil prices, that is fantastic. but interestingly, long duration yields are not budging. - **win win · 2026-10-06T07:23:17.000Z · 👍 1**: Space, planet, October 2026, play rocket related stocks could bring some profit but only to some people. SpaceX, Let us see how far to the moon - **koolgal · 2026-10-06T06:12:49.000Z · 👍 2**: Is SpaceX Worth It Or Overpriced?Morgan Stanley maintains a roaring USD 300 price target, citing a narrow window of opportunity for retail investors to buy before major catalysts land:Starship Flight 15: Scheduled for late October or early November. If the launch pad successfully catches the upper - **NewUser_CkrdqW · 2026-10-06T06:11:52.000Z · 👍 1**: SpaceX in my opinion is a big risk medium reward type of stock. Couple of red flags here: Just IPO not long ago without proving sustainability and profitability, too much hype from the rich etc. Swing trades could be done for those experienced traders but a no no for me - **Valenxis · 2026-10-06T06:09:37.000Z · 👍 1**: finally spcx jumped to near or above ipo price if not wrong. probably wont see much momentum or rally, but think is good to hold some for long term for those who is/isnt onboard yet. - **Fattycat · 2026-10-06T05:43:51.000Z**: Gold touching support level again ( 4 hourly chart ).Can buy 🤔? Technically it is bearish now .( personal view ) - **Vt3** (2026-10-06T05:49:57.000Z): Touch 4000 I also won’t buy ha - **Fattycat** (2026-10-06T05:51:32.000Z): Long term gold is bullish. I will buy. - **Ally · 2026-10-06T05:34:44.000Z · 👍 1**: Thanks for the update. First time hearing about the company DayOne, always happy to learn about new IPOs and emerging companies in the local market - **FaithAnchor · 2026-10-06T05:29:31.000Z · 👍 3**: $NVIDIA(NVDA.US)NVDA just closed at another record, taking its market cap to $5.76T. The AI story still has plenty of fuel, but at this size, expectations are huge. Is there more upside—or are we getting closer to the top of the cycle? - **Tiffany lover · 2026-10-06T05:11:13.000Z · 👍 1**: Yields on both the 10-year and 30-year U.S. Treasuries hit their highest levels in 24 years.Consecutive record highs in Treasury yields may pressure future rate hikes.It remains puzzling why SGX shares have been sliding. Despite 11 stocks breaking the traditional lot size of 100, trading activity re - **Fattycat** (2026-10-06T05:30:30.000Z): Markets always go up and down. The STI has risen 21% so far this year. But today fundamentals really support that gain? Our index should reflect our country’s actual growth, not speculation. Is this 2 - **LazyCat · 2026-10-06T05:03:22.000Z · 👍 1**: I'm not jumping onboard SPCX just because of it's jump fueled by Morgan Stanley's opinion and 300 TP. It has to prove it's profitability else it's another round of hyping up the market. - **Fattycat** (2026-10-06T05:08:50.000Z): I own 1 share for excitement 🤣. I will never investment thousands on this type of counter . No way. 🙅 - **LazyCat** (2026-10-06T05:13:38.000Z): the richest man's stocks always feel like some kind of meme stock to me. - **Fattycat** (2026-10-06T05:16:34.000Z): One ticket to MARS ..🫢🤭….. do you think I am serious 🤔🫣🤭. - **NewUser_ThinkSwim · 2026-10-06T04:37:05.000Z · 👍 1**: The market might return spaceX to 220 at the end of the year if it remains bullish based on trends. But valuation wise it is still not profitable so I do not think it can hold for long term after the venture or big money has exited the stocks it might drop 50-80% if its cash flow remains tight or ev - **Captain Leo** (2026-10-06T10:32:59.000Z): Pairing a $220 bull case with a 50-80% downside case and sizing in through DCA is how most people stay in a name nobody can value yet. The plan holds whichever way SpaceX breaks. - **relf · 2026-10-06T04:29:27.000Z · 👍 1**: Sometimes investing can be as simple as betting on the richest man on Earth, as a shareholder, in a way he is working for you. Hehe. - **LazyCat** (2026-10-06T04:48:42.000Z): but he enjoys the glam, wine and dine, funded by us, while we hold the bag while taking the roller coaster hoping it would launched off the track and catapult us to the moon. - **Fattycat** (2026-10-06T05:07:38.000Z): I believe US retirement funds are buying up SpaceX and institutional who upgraded the stock 🤣. ( they upgraded and buy themselves. Retails investors chase 🙃 ) - **Jiayi · 2026-10-06T04:25:21.000Z · 👍 1**: I am bullish on SpaceX and with the achievements it obtained, I see that it have potential to grow. Enter the market and see it succeed. - **TheRaccoonAnalysis · 2026-10-06T04:11:38.000Z · 👍 1**: SpaceX’s 7.6% surge reflects renewed investor enthusiasm around its potential exposure to both space infrastructure and AI, reinforced by Morgan Stanley’s bullish $300 target. However, the stock’s 58% rebound from its August low indicates that expectations have already risen substantially. The key q - **Captain Leo** (2026-10-06T10:39:33.000Z): Breaking down the move into the Morgan Stanley call, Starlink and the Musk headline is what makes a rally readable: price reacts to all three, but only some of them feed earnings. - **ShortWalk · 2026-10-06T04:09:13.000Z · 👍 1**: SpaceX jump i feel is just a one off due to news. Dont chase the news is the way.On the other hand, Nvidia has stayed consistent without news that enabled it to reach its record.So keep the boat still and keep going! - **Darkwinter · 2026-10-06T04:08:56.000Z · 👍 1**: The market is near all time high despite a whole lot of problems, held up by AI… Need to remember the world runs on physical needs and not just virtual. - **Fattycat** (2026-10-06T05:13:25.000Z): True. Quite scary . Anyone who buy into nasdaq index is betting nasdaq to go another 10% higher or more 🙄. Human is just greedy. So many investors are treating stock market like gambling den now 😪. ( --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**