SpaceX stock falls 2 percent as FCC clears 15,000 satellites

Published on 10/07/2026 at 17:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SpaceX reported USD 7.8 billion in Q2 2026 revenue, up 92 percent year over year. Its USD 2.2 trillion valuation contrasts with a USD 218.68 consensus target.

SpaceX, US84615Q1031, Illustration mit AI erstellt.

SpaceX stock (ISIN US84615Q1031) was trading at USD 168.48 on Nasdaq at 11:23 a.m. ET on October 7, 2026, down 2.00 percent from the previous close of USD 171.92. The Federal Communications Commission approved 15,000 satellites for Starlink Mobile, according to PCMag on October 7, 2026.

Starlink gets regulatory room

The approval allows SpaceX to launch and operate the next-generation constellation for satellite connectivity to phones. The authorization covers orbital altitudes from 326 kilometers to 335 kilometers and includes a waiver allowing satellite wireless service without a ground-based mobile operator lease, according to PCMag.

The order also carries constraints. SpaceX received access to additional spectrum tied to EchoStar and T-Mobile, while the FCC deferred requests covering the 2020 to 2025 MHz band and parts of the 1429 to 2690 MHz range outside the United States. PCMag reported that the planned service targets speeds of 150 Mbps per user.

Revenue growth supports valuation

SpaceX generated USD 7.8 billion of revenue in Q2 2026, up 92 percent year over year, while adjusted EBITDA increased 191 percent to USD 3.5 billion, according to Gate News. Starlink subscribers reached 12 million by June 30, 2026, double the year-ago level.

The market value was USD 2.2 trillion on October 7, 2026. The stock's 52-week range was USD 104.83 to USD 225.64, leaving the intraday price 25.3 percent below the high. That gap shows why the regulatory approval matters for valuation: the FCC decision adds capacity to a growth narrative already priced at a very large scale.

Analysts split on the next step

MarketBeat reported on October 7, 2026, that Susquehanna raised its SpaceX target from USD 144 to USD 173 while keeping a Neutral rating. The same report put the broader consensus at Moderate Buy with an average target of USD 218.76.

The consensus covered 44 analysts, including 3 Strong Buy ratings, 27 Buy ratings, 7 Hold ratings and 7 Sell ratings, according to MarketBeat. At USD 218.76, the consensus target lies 29.8 percent above the Nasdaq price of USD 168.48.

SpaceX stock trades below its high

SpaceX stock was last at USD 168.48 on Nasdaq on October 7, 2026 at 11:23 a.m. ET, with 28,468,520 shares traded. The next reporting date is November 5, 2026, according to TradingView.