PomegraSpaceX Stock Falls 4% as AI Chip Selloff Spreads
Why did SpaceX stock fall 4%?
SpaceX (SPCX) stock fell 4.2% to $156.54 on Tuesday as an AI and memory-chip selloff spread, after China's CXMT flagged cheaper memory technology that threatens chipmakers' profits.
Key numbers
| SpaceX close (Oct 13) | $156.54-4.2% |
|---|---|
| SK Hynix (Seoul) | -10.1%Samsung -7.4% |
| Morgan Stanley target | $300~92% above close |
| Q2 revenue | $7.81B+92% YoY |
| Planned debt raise | $40B$30B bonds, $10B bank loans |
What happened
SpaceX (SPCX) stock fell 4.2% to $156.54 on Tuesday as an AI and memory-chip selloff spread, after China's CXMT flagged cheaper memory technology that threatens chipmakers' profits. Chinese memory maker CXMT said it will sell cheaper server memory chips (DRAM) by year-end, and Samsung fell 7.4% and SK Hynix 10.1% in Seoul. SpaceX, which is buying AI chips for its data centers, fell in sympathy. It also plans a $40 billion debt raise to buy Nvidia chips. The FAA also opened a review of a plan to expand Starbase launches.
Why it matters
SpaceX has become tied to the AI boom, so its shares now react to AI chip news as well as rocket news. Morgan Stanley analyst Adam Jonas calls the stock cheap given its expected profit growth and sets a $300 target, about 92% above Tuesday's close. Bond investors are more cautious: the cost of insuring SpaceX's debt against default is up 76% since June.
Who this affects
- MarketbearishMedium impact
- AI-linked stock investors faced a broad pullback.
- CompanymixedMedium impact
- Shareholders lost 4.2% in a day; Morgan Stanley upbeat.
- CompetitorsbearishHigh impact
- Samsung and SK Hynix fell hardest; bad for chipmakers.
- IndustrybearishMedium impact
- Memory makers face price pressure from cheaper Chinese rivals.
SpaceX vs SK Hynix, Samsung Electronics
| SpaceXSPCX | $2.06T | -4.2% |
|---|---|---|
| SK Hynix000660.KS | — | -10.1% |
| Samsung Electronics005930.KS | — | -7.4% |
As of 2026-10-13
How we got here
CXMT shows new memory chip design at Shanghai event over the weekend.
SK Hynix falls 10.1% and Samsung 7.4% in Seoul; SpaceX drops 4.2%.
FAA starts environmental review of up to 456 Starship launches a year at Starbase.
What to watch
- Public comment period on the FAA's Starbase launch expansion review closes.2026-11-30
- CXMT's planned release of server memory using its new design.2026-12-31
- SpaceX's $40 billion debt sale and how bond investors respond.Q4 2026
Educational content only. Not investment advice.
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