SpaceX Rises 7.8% as Qualcomm Deal, ARK Buying and FAA Relief Stack Up
Published on 11/06/2026 at 20:20 | Editorial boerse-global.de
SpaceX shares climbed 7.8% on Thursday, riding a broad recovery in AI and semiconductor stocks after the midweek selloff. Reuters attributed the rebound to investors returning to the market following losses tied to the elections, with no fresh corporate announcement behind the move, according to media reports.
The bounce follows a grim Wednesday session in which the stock shed nearly 9%, pressured by worries over the pace of US data-center buildout. Investors fretted that Democratic gains in the midterm elections could slow construction. By Thursday the stock had recovered to €114.74, up 4.2% on the day.
Qualcomm to Power Starlink Mobile's Terrestrial Network
The week's concrete corporate news landed on Wednesday, when Qualcomm disclosed that SpaceX had selected its Dragonwing platforms and software for cellular infrastructure. The technology is destined for Starlink Mobile's planned nationwide terrestrial mobile network in the US.
The multi-year agreement covers radio equipment, baseband units and software for tens of thousands of large cell sites across the country, according to media reports. Buildout is slated to begin in 2027. Financial terms were not disclosed. Unlike the sector-wide rebound, this deal bears directly on SpaceX's planned network expansion, with Qualcomm supplying both the technical platforms and the accompanying software.
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ARK Adds Nearly 400,000 Shares
ARK Invest reported purchases of SpaceX stock on Wednesday, acquiring 393,774 shares worth roughly $48.7 million, according to media reports. The fund provider gave no reason for the transaction.
Regulators offered their own news the same day. The Federal Aviation Administration unveiled proposed rules aimed at simplifying licensing for commercial launches and reentries — a sector-level development relevant to SpaceX. The agency also pledged additional staff to speed up application processing, with an overhaul of the full licensing framework planned for 2027. The announced changes remain at the proposal and planning stage.
Starship Flight 15 Targeted for November 13
On the operational front, SpaceX's vice president of launch, Kiko Dontchev, gave a date at the UP.Summit on Wednesday. Media reports put November 13 as the target for Starship Flight 15 — though that is not a confirmed launch date.
Reuters also reported that growing dependence on revenue from AI computing ties SpaceX more closely to the broader selloff in technology and AI stocks. Those data-center concerns formed the political backdrop to Wednesday's decline, not any new corporate decision.
A $40 Billion Chip Lease and a Texas Land Fight
Separately, Reuters reported Wednesday that Goldman Sachs and Apollo Global Management are seeking investors for portions of an AI-chip financing worth about $40 billion. The commitment SpaceX entered into in October is a leasing arrangement with a vehicle managed by Apollo, not direct borrowing by the company. The closing is subject to conditions and is expected before the end of 2026.
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Another political thread concerns a possible land deal near Starbase. Texas governor-elect Gina Hinojosa on Wednesday urged the relevant parks and wildlife agencies to hold off on any steps toward a potential sale of state parkland during her transition, Bloomberg reported. SpaceX is the prospective buyer.
Shotwell's Share Transfer
SpaceX president Gwynne Shotwell said on October 30, according to Reuters, that she and her husband plan to distribute more than two million of their SpaceX shares in December through Trump Accounts to eligible children. The transfer of the shares into trust custody was already underway.
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SpaceX Stock: New Analysis - 6 November
Fresh SpaceX information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
