SpaceX Update: SPCX vs Space Peers in October, Merger Debate

This update is a roundup of same-day reporting from the linked sources below, with editorial context from the CPJ Stock Desk.

SPCX held up better than several listed space peers in October, according to a Stocktwits monthly roundup, while commentary on a possible Tesla tie-up continued. Separate coverage put a different number on Alphabet’s SpaceX writedown.

Key points

A Stocktwits monthly comparison says SPCX outperformed ASTS, RKLB and PL in October, with Viasat (VSAT) the top performer.
Viasat’s lead was tied to Amazon takeover speculation, NASA work and satellite-connectivity partnerships.
The Motley Fool argues against a SpaceX and Tesla merger, saying now may not be the right time for Tesla shareholders to get the best deal.
TechTimes reports an $8.2 billion SpaceX equity writedown contributed to Alphabet’s first earnings miss in nearly four years.

How did SPCX compare with other space stocks?

The Stocktwits monthly roundup, published by Asianet Newsable, ranks SPCX ahead of AST SpaceMobile (ASTS), Rocket Lab (RKLB) and Planet Labs (PL) for October. The summary available to us does not give the underlying percentage moves, so the size of the gap is unclear from the source.

Viasat took the top spot. The article attributes that to speculation about an Amazon takeover, along with progress on NASA work and connectivity partnerships. Takeover talk is speculation, and the source does not describe any confirmed approach.

Relative performance over a single month says little about longer-term trends. It does show SPCX trading with less volatility than some smaller space names during the period, at least by this ranking.

What is the argument against a Tesla merger?

The Motley Fool piece says the market has grown excited about a possible combination of SpaceX and Tesla. Its central point is timing: the author contends Tesla shareholders may not get the best deal if a transaction happened now.

That is an opinion column, not a report of negotiations. The provided material does not confirm that any talks are underway, nor any terms, and we have not seen a company statement. Readers should treat merger chatter as unconfirmed.

What does the Alphabet writedown mean for the numbers?

TechTimes says Google Cloud revenue in Q3 2026 rose 103% to $30.7 billion, passing 24% of Alphabet revenue for the first time. It also says an $8.2 billion SpaceX equity writedown reversed an accounting treatment that had inflated Q2 earnings. The result was Alphabet’s first miss on both top and bottom lines in nearly four years, and shares fell roughly 10% after hours, per the article.

Note that our earlier coverage cited a different writedown figure ($8.7 billion in the headline of the 2026-10-29 edition). The sources we have seen do not reconcile the two numbers, and the gap may reflect pre-tax versus after-tax treatment or differing reporting. Check Alphabet’s filing for the exact figure.

For SPCX holders, the point is that Alphabet’s stake is marked to SpaceX’s valuation, so SpaceX’s share price can feed directly into a large shareholder’s reported earnings.

Other items

The Telegraph published a piece headlined that Putin exploited a Ukraine Starlink blackout to deploy faster drones. The excerpt provided has no text, so we cannot summarize its claims beyond the headline.

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