{"id":5842,"date":"2026-10-01T15:15:43","date_gmt":"2026-10-01T15:15:43","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5842"},"modified":"2026-10-01T15:15:43","modified_gmt":"2026-10-01T15:15:43","slug":"why-spacex-stock-is-beating-the-broader-market-today","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5842","title":{"rendered":"Why SpaceX stock is beating the broader market today"},"content":{"rendered":"
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SpaceX (SPCX) stock rose more than 1.5% on Thursday, bucking a broader market decline as investors focused on the company\u2019s growing role in space-based artificial intelligence infrastructure.<\/p>\n

SpaceX shares traded near $153, while the S&P 500 fell 0.2%, the Nasdaq Composite slipped 0.1%, and the Dow Jones Industrial Average declined 215 points, or 0.1%.<\/p>\n

The broader market was under pressure as Treasury yields surged. <\/p>\n

The 10-year Treasury yield reached an intraday high of 5.342%, its highest level since April 2002, while the 30-year yield climbed to 5.663%, also around levels not seen in roughly 24 years.<\/p>\n

Against that backdrop, SpaceX benefited from a major development involving Alphabet\u2019s efforts to move AI computing into orbit.<\/p>\n

Google tests AI chips in space<\/h2>\n

Alphabet plans to launch its homegrown AI chips into orbit Thursday aboard a SpaceX Falcon 9 rocket, marking an important test for the company\u2019s Project Suncatcher initiative.<\/p>\n

The launch is scheduled for around 11:15 a.m. PT from Vandenberg Space Force Base in California during the uncrewed Transporter-18 mission.<\/p>\n

The mission will carry Planet Labs satellites, including a solar-powered prototype equipped with Google\u2019s tensor processing units, or TPUs.<\/p>\n

It will mark the first in-orbit test for Project Suncatcher, a \u201cmoonshot\u201d initiative that Alphabet first revealed in November 2025. <\/p>\n

The project aims to develop solar-powered AI computing infrastructure capable of operating continuously in space.<\/p>\n

Alphabet has described the initiative as an effort to explore whether space could eventually support scalable machine-learning infrastructure.<\/p>\n

The concept could offer an alternative to the rapidly expanding data-center infrastructure being built on Earth, where power availability, land constraints and community opposition have become increasingly important considerations for AI companies.<\/p>\n

SpaceX plans its own orbital data centers<\/h2>\n

SpaceX is also developing plans for its own orbital data centers.<\/p>\n

The company has said it intends to build and launch swarms of satellites equipped with graphics processing units and solar arrays. <\/p>\n

Elon Musk has previously said space-based data centers could eventually become the cheapest way to train AI, arguing that the technology could reach that point within several years.<\/p>\n

SpaceX COO Gwynne Shotwell said at an event in September that the company expects to deploy \u201csupercompute in space\u201d in 2027.<\/p>\n

Alphabet is also a significant investor in SpaceX, with its stake currently valued at more than $82 billion. <\/p>\n

The companies are partners in space infrastructure while simultaneously competing in parts of the broader AI market.<\/p>\n

TD Cowen sees computing driving growth<\/h2>\n

The potential AI-computing business<\/a> is increasingly becoming part of the investment case for SpaceX.<\/p>\n

TD Cowen analysts led by John Blackledge initiated coverage earlier this week<\/a> with a Buy rating and a $200 price target, describing computing as the company\u2019s \u201cbiggest near-term driver\u201d of revenue.<\/p>\n

The near-term opportunity identified by TD Cowen is SpaceX’s ground-based AI computing business, while the company’s orbital data-center ambitions represent a longer-term opportunity.<\/p>\n

The brokerage expects roughly 35% of SpaceX\u2019s 2026 sales to come from activities linked to selling computing power.<\/p>\n

TD Cowen sees the business potentially overtaking Starlink, which it describes as SpaceX\u2019s \u201ccrown jewel,\u201d as early as the first quarter of 2027.<\/p>\n

The brokerage forecasts AI compute leasing to account for roughly 60% of SpaceX revenue in 2027 and 65% by 2028.<\/p>\n

It also expects SpaceX revenue to grow at a compound annual rate of 62% between 2026 and 2031, while forecasting nearly 1,000 low-Earth-orbit launches by 2031.<\/p>\n

Blackledge expects close to half of SpaceX\u2019s planned computing capacity to be leased to external companies over the next several years.<\/p>\n

The post Why SpaceX stock is beating the broader market today<\/a> appeared first on Invezz<\/a><\/p>\n

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SpaceX (SPCX) stock rose more than 1.5% on Thursday, bucking a broader market decline as investors focused on the company\u2019s growing role in space-based artificial intelligence infrastructure.SpaceX shares traded near $153, while the S&P 500 fell 0.2%, the Nasdaq Composite slipped 0.1%, and the Dow Jones Industrial Average declined 215 points, or 0.1%.The broader market…<\/p>\n","protected":false},"author":1,"featured_media":5843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5842"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5842\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5843"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}