{"id":31453,"date":"2026-10-16T22:57:47","date_gmt":"2026-10-16T22:57:47","guid":{"rendered":"https:\/\/pettysackingforum.com\/?p=31453"},"modified":"2026-10-16T22:57:47","modified_gmt":"2026-10-16T22:57:47","slug":"why-is-spacex-falling-despite-successful-nasa-resupply-mission-launch","status":"publish","type":"post","link":"https:\/\/pettysackingforum.com\/?p=31453","title":{"rendered":"Why is SpaceX falling despite successful NASA resupply mission launch?"},"content":{"rendered":"
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SpaceX SPCX shares fell on Wednesday as a broader sell-off across US equities weighed on the space technology and artificial intelligence company, overshadowing the successful launch of its latest NASA resupply mission.<\/p>\n

The stock was down over 2% at $153.22 at approximately 1:15 PM ET, extending losses after declining 4.21% in the previous session.<\/p>\n

The weakness came despite SpaceX successfully launching the NASA SpaceX CRS-35 resupply mission on Tuesday. The launch created a glowing, jellyfish-shaped cloud that was visible across parts of the US Eastern Seaboard but failed to provide a boost to the stock.<\/p>\n

Why is SpaceX stock falling?<\/h2>\n

SpaceX has not been immune to the macroeconomic uncertainty weighing on equities, with stronger-than-expected US inflation data adding to pressure on the market.<\/p>\n

Around 1 p.m. ET, the S&P 500 was down more than 1%, while the technology-heavy Nasdaq Composite had fallen over 1.6%. The Dow Jones Industrial Average was also lower, declining 0.36%.<\/p>\n

The sell-off followed the release of September’s consumer price index (CPI), which showed that inflation remained elevated.<\/a><\/p>\n

The CPI rose 0.6% on a seasonally adjusted basis from August to September, while the annual inflation rate accelerated to 3.7%. Economists had expected annual inflation of 3.6%.<\/p>\n

The stronger reading intensified concerns that the Federal Reserve could keep interest rates higher for longer or raise them again as early as October.<\/p>\n

Treasury yields moved higher following the report. The benchmark 10-year Treasury yield rose around seven basis points to 5.29%, while the 30-year yield climbed to 5.6%.<\/p>\n

Rising bond yields can weigh on equities by making fixed-income investments more attractive and increasing borrowing costs. These pressures have added to the challenges facing technology companies as investors reassess valuations and the cost of financing expansion.<\/p>\n

Successful launch fails to support shares<\/h2>\n

SpaceX’s latest decline follows a strong rally earlier in October, when the stock gained more than 7% in each of two sessions, on October 2 and October 5.<\/p>\n

The consecutive advances pushed shares above $150 and then $170, with the stock reaching as high as $176.42.<\/p>\n

After that sharp rise, Tuesday’s successful CRS-35 launch may have offered limited new impetus for the stock. One possible explanation is that routine operational achievements were already reflected in investor expectations following the recent rally.<\/p>\n

The broader weakness in artificial intelligence-related stocks over the past two sessions has also added pressure, as investors reassess the sector amid rising yields and concerns over the cost of funding AI infrastructure.<\/p>\n

Upcoming New York City hearing in focus<\/h2>\n

SpaceX is also due to testify before the New York City Council’s Committee on Technology on Friday, October 16, 2026, at 10 AM ET.<\/p>\n

The agreement to testify follows an escalating legal dispute after the company ignored a subpoena concerning artificial intelligence safety risks.<\/p>\n

The hearing adds another development for investors to monitor as SpaceX navigates scrutiny of its AI activities alongside the broader market pressures affecting its shares.<\/p>\n

The post Why is SpaceX falling despite successful NASA resupply mission launch?<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

SpaceX SPCX shares fell on Wednesday as a broader sell-off across US equities weighed on the space technology and artificial intelligence company, overshadowing the successful launch of its latest NASA resupply mission. The stock was down over 2% at $153.22 at approximately 1:15 PM ET, extending losses after declining 4.21% in the previous session. The […]<\/p>\n","protected":false},"author":1,"featured_media":31454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[],"class_list":["post-31453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-news"],"_links":{"self":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31453"}],"version-history":[{"count":0,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/media\/31454"}],"wp:attachment":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}