SpaceX Stock plunges 11% to record low as $18.4B AI capex spooks investors

SpaceX stock just printed a fresh all-time low at $108.27, trading below every major moving average. The sell-off came despite SPCX beating Wall Street estimates in its first quarterly report as a public company. AI capex fears, not weak fundamentals, drove the 11% decline.

Key takeaways

• SPCX closed at $108.27, a new all-time low, after an 11% sell-off triggered by AI capex concerns despite beating earnings estimates.
• AI capex surged to $18.4 billion, overshadowing solid quarterly results and driving the sharp decline.
• Daily RSI14 at 41.26 suggests room for further downside before oversold conditions emerge.
• Key support sits at $104.12, with the lower Bollinger band at $98.74 as the next logical downside target.
• Both daily and hourly timeframes show bearish regime alignment, reinforcing trend durability.

Daily Trend Sets a Bearish SpaceX Stock Bias

The daily trend for SpaceX stock is unambiguously bearish. Price at $108.27 trades below the EMA20 at 123.46, the EMA50 at 133.77, and the EMA200 at 136.70. That stacked order of averages, all above current price, forms a textbook bearish alignment. The system itself labels the daily regime as bearish.

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