Key Insights:
- SPCX stock price rose 8.62% to $134.27; Stifel kept its Buy rating and $190 target.
- SpaceX could use $40 billion in GPU financing to pursue stalled projects with secured power access.
- Ark bought 348,406 shares across three ETFs; Alphabet reported a larger holding in a September SEC filing.
SpaceX stock advanced on Nov. 6 as Stifel reiterated its Buy rating and $190 price target. The firm cited tighter U.S. data-center permitting, AI infrastructure, orbital computing, and SpaceX’s mobile-network plans.
The one-day chart listed SPCX stock price at $134.27, up $10.65, or 8.62%, from the previous close of $123.62. The line moved sharply near the start of trading and fluctuated around $130 to $132 during the morning.
It then climbed through much of the afternoon, reaching the mid-$130s by the end of regular trading.
Stifel’s Target and the SPCX Stock Price
The SpaceX stock price chart also displayed a separate pre-market quote. At 7:06, SPCX was listed at $137.50, up $3.23, or 2.41%, from the displayed close. The screenshot’s pre-market figure followed the session gain shown on the one-day chart.
Against that trading backdrop, Stifel maintained its Buy rating and $190 target for SpaceX stock. The firm said tighter U.S. permitting for data centers could create new opportunities for SpaceX. It connected that view with possible acquisitions of stalled AI infrastructure projects.
Stifel’s financing detail centered on $40 billion in committed GPU financing. The firm said SpaceX could use the financing to acquire stalled AI infrastructure projects with secured power access. Those projects formed part of the data center opportunities Stifel identified.
Beyond infrastructure on the ground, Stifel also cited growing potential for orbital computing. Meanwhile, Qualcomm’s selection as a radio supplier strengthens SpaceX’s mobile-network ambitions.
The company’s network plans and the orbital-computing opportunity featured alongside the firm’s data-center assessment.
Musk’s Revenue Forecast and Alphabet’s Filing
Separately, Elon Musk discussed SpaceX’s revenue outlook at the Baron Investment Conference. He expected fourth-quarter revenue to grow about 70% quarter over quarter. The forecast was one of the company updates associated with the reported Friday share-price move.
The account placed Musk’s forecast alongside Alphabet’s disclosure of a larger SpaceX holding. At the time, the SPCX stock price closed around 9% higher.
Alphabet’s newly released SEC filing showed 555.04 million SpaceX shares at September’s end. The filing valued the position at $83.73 billion. Alphabet’s share count had increased since June, while the reported value fell by about $10.44 billion.
Ark Invest’s November Purchase
Elsewhere, Ark Invest bought SpaceX stock shares on Nov. 4, after the SpaceX stock price fell following the U.S. midterms. The purchase totaled about $47.4 million, based on Wednesday’s closing price. The buy occurred two days before the Friday session shown in the chart.
Benzinga reported that Ark added 348,406 shares across three exchange-traded funds. ARK Innovation ETF (ARKK) bought 224,483 shares, and ARK Autonomous Technology & Robotics ETF (ARKQ) added 63,478 shares.
ARK Next Generation Internet ETF (ARKW) accounted for the remaining 60,445 shares. It also sold about $17.5 million of Alphabet and Amazon stock on Nov. 4.
