Why Is SpaceX Stock Moving Today? SPCX on Oct 20, 2026: Q3 Results After the Close, Musk's Share Pledge and an xAI Ruling
SpaceX reports third-quarter results after the close on October 20, 2026. Earlier in the day SPCX slipped 0.73% in ten minutes after a headline that a judge had refused the government's bid to end a lawsuit against xAI, a day after Elon Musk pledged a SpaceX share to every child in America.
- SpaceX reports third-quarter results after the US close on October 20, 2026, with an audio webcast at 4:30 p.m. ET; revenue estimates range from about $12.7 billion to $12.9 billion, against about $7.8 billion in the second quarter.
- SPCX was at $147.40 when a headline crossed at 11:22:20 ET that a Mississippi judge had rejected the Trump administration's effort to end the NAACP's lawsuit against xAI, and at $146.33 ten minutes later, down 0.73%.
- On October 19 Elon Musk said he will give one SpaceX share to every child in America next year, a gift worth about $10.5 billion at Friday's close of $146.03.
Reaction by asset (real prices)
| Asset | 2m before | At release | +1m | +10m | +1m % | +10m % |
|---|---|---|---|---|---|---|
| SPCX | 147.40 | 147.40 | 147.19 | 146.33 | -0.14% | -0.73% |
SpaceX reports its third-quarter results after the US market closes on Tuesday, October 20, 2026, with an audio webcast at 4:30 p.m. ET. Analysts' revenue estimates range from about $12.7 billion to $12.9 billion, against about $7.8 billion in the second quarter. Before the report, SPCX slipped after a headline at 11:22:20 ET that a Mississippi judge had rejected the Trump administration's effort to end a civil rights lawsuit against xAI, the AI company SpaceX absorbed in February. The stock was at $147.40 before the headline, $147.19 a minute later and $146.33 after ten minutes, down 0.73%, and it was at $146.30 by 11:36 ET.
The xAI ruling
Judge Debra Brown of the federal court in northern Mississippi ruled on October 19 that the government may join the NAACP's Clean Air Act lawsuit against xAI but cannot end it on its own. The NAACP says xAI runs gas turbines without air permits at a site in Southaven, Mississippi, that supplies power to its data centers, and it wants the turbines stopped until permits are issued. The government's lawyers have until Friday to say how far they will take part in the case.
Musk's share pledge
On Monday, October 19, Elon Musk said on X that he will give one SpaceX share to every child in America next year, and President Trump thanked him on Truth Social, tying the gift to the Trump Accounts program for children. At Friday's closing price of $146.03, one share for each of roughly 72 million children would be worth about $10.5 billion. Musk is SpaceX's largest shareholder. The age limit, eligibility rules and transfer method are still to be announced.
SpaceX's dated catalysts
- February 2, 2026: SpaceX completes its all-stock merger with xAI.
- June 12, 2026: SpaceX begins trading after pricing its initial public offering at $135 a share.
- October 7, 2026: the stock falls 2.51% to $167.60 after a report that SpaceX is seeking about $40 billion of debt to buy Nvidia chips.
- October 19, 2026: Musk pledges a share to every US child; a judge rules that the government cannot end the NAACP's suit against xAI.
- October 20, 2026: third-quarter results after the close.
Why is SpaceX stock moving today?
SpaceX reports third-quarter results after the close on October 20, 2026. Earlier that day SPCX fell 0.73% in the ten minutes after a headline that a judge had refused the government's bid to end the NAACP's lawsuit against xAI, SpaceX's AI business.
When does SpaceX report earnings?
SpaceX reports third-quarter 2026 results on October 20 after the US market close, with an audio webcast at 4:30 p.m. ET.
Is Elon Musk giving SpaceX shares to children?
Musk said on October 19, 2026 that he will give one SpaceX share to every child in America next year. At Friday's close of $146.03 that would be worth about $10.5 billion. Eligibility and transfer details are still to be announced.
Sources
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Musk pledges 1 SpaceX share for every child in America
— Axios
Musk said on X on October 19 that he will give one SpaceX share to every child in America next year.
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Elon Musk pledges shares of SpaceX to Trump Accounts for all American children
— Townhall
The pledge is tied to the Trump Accounts program; President Trump thanked Musk on Truth Social.
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Elon Musk to give a share of SpaceX (SPCX) to every American child, President Trump praises the act
— Tesla Oracle
Independent report of the pledge and Trump's response.
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