Why Is SPACE EX TECH SPACEX A (SPCX) Stock Up Today?

SpaceX stock (SPCX) rose 7.79% to close at $159.31, driven by reports that Elon Musk intends to finalize a merger between SpaceX and Tesla before the end of Donald Trump’s presidential term. The proposed combination, valued at approximately $3.6 trillion, aims to formalize the operational ties between the two companies.

What Happened

Musk reportedly pushed for the deal to close before he exits the political spotlight, citing the need to secure the merger before the political and financial environments shift. The transaction would create a single entity with a combined market value exceeding $3.6 trillion. While the stock had slipped 2.9% over the previous eight sessions, the merger news reversed that trend. The New York Stock Exchange also announced plans to expand options trading hours, opening the market roughly two hours before the standard 9:30 a.m. ET opening bell and for 15 minutes after the 4 p.m. ET close.

What The Data Shows

The company currently holds a market cap of $2.01 trillion but remains unprofitable, with a trailing twelve-month EPS of -$2.27 and a net margin of -35.7%. The stock trades within a 52-week range of $104.83 to $225.64. Unusual options activity over the last 36 hours included 133 notable prints, with put premium totaling $213.1 million compared to $151.8 million in call premium. The largest single print was $24.1 million. On the 52-week tape, the stock printed 13 fresh highs and 6 fresh lows on October 21, 2026. Insider activity shows one sale totaling $52.5 million by President and COO Gwynne Shotwell on September 22, 2026. Congressional disclosures include five buys and two sells in the last 90 days, with the most recent filing on October 7, 2026.

What To Watch

Investors will monitor the progress of the SpaceX-Tesla merger as it moves toward a 2027 target. The stock’s reaction to the expanded NYSE options trading hours may also influence near-term volatility.