Rich Smith, The Motley Fool Mon, November 9, 2026 at 12:58 PM EST 3 min read SPCX +5.12% NVDA -5.28% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Space Exploration Technologies (NASDAQ:SPCX) stock gained 5.6% through 12:15 p.m. ET Monday, continuing a rebound in share price that began Friday. A new note out of investment bank Stifel may be helping with that.
Missed AI's "Act 1"? Act 2 Could Be 16x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Stifel analyst Jonathan Siegmann reiterated his buy rating and $190 price target on SpaceX this morning, as StreetInsider.com reports. Explaining why SpaceX sold off last week, before starting to recover Friday (and continuing to recover today), Siegmann reminds: "Democrats' midterm sweep puts state-level permitting back in focus for the data center buildout, and a volatile week for AI-levered stocks shows the market recalibrating that risk."
But just as I pointed out last week, any new restrictions on building AI data centers on Earth will impact SpaceX less than others -- because SpaceX's long-term goal is to shift AI data centers into orbit, where the worries over data center use of water and electricity on Earth fade away.
In his note today, Siegmann agrees that any "terrestrial moratorium strengthens the case for compute in orbit." He furthermore recommends that investors buy SpaceX stock ahead of a potentially successful Starship Flight 15, scheduled for this Friday.
Why? A successful flight and dual tower-capture of both the Super Heavy booster and the Starship spacecraft would accelerate SpaceX's path to deploying satellite data centers, while even a result less than 100% successful would generate data that advance SpaceX toward its ultimate goal.
Add in the potential for SpaceX to build its own cellphone network and generate even more profit from its Starlink Connectivity business (Siegmann says this project is looking "more credible"), and a 35% move for SpaceX stock, from $140 to $190 over the next year, doesn't look out of the question.
Before you buy stock in Space Exploration Technologies, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Space Exploration Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $341,966!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,146,819!*
Now, it's worth noting Stock Advisor's total average return is 852% — a market-crushing outperformance compared to 203% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of November 9, 2026.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Space Exploration Technologies. The Motley Fool has a disclosure policy.
Why SpaceX Stock Popped on Monday was originally published by The Motley Fool
