SpaceX stock today: SPCX rebounds 4.89% after 9% crash; can Adam Spatacco's prediction about Musk's Baron

The Economic Times · Piyush Shukla · 2026-11-06 13:44 UTC

Adam Spatacco's SpaceX stock prediction: SpaceX stock is trying to recover after Thursdays 9.05% crash, with SPCX rising 4.89% to $129.66 in Friday premarket trading. Investors are now watching Elon Musks appearance at Baron Capitals annual conference. Investor Adam Spatacco sees a potential rally catalyst, but the question is whether Musk can offer updates that support Starlink and the companys AI growth story. Musk's appearance at the 2022 conference did not produce a positive reaction in Tesla shares.

SpaceX stock price: How much has SPCX fallen after Thursday's selloff?

Thursday's decline was particularly sharp because it added to an already weak month for SpaceX shareholders. The stock has lost 10.32% over five trading days and 28.13% over one month. It is still up 7.53% over three months, but its longer-term performance remains under pressure.

At $129.66, SPCX would still be well below its recent trading levels. The stock has struggled to sustain gains since its June 2026 listing. It previously reached an all-time high of around $226 before giving back a large part of those gains.

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