Arnne Carragie6h ago

Why Is SpaceX (SPCX) Stock Up 7.63% Today, Oct 5? Morgan Stanley’s $300 Target and TSMC Talks Fuel Rally

AI Market Summary

SpaceX proxy SPCX surged 7.63% after Morgan Stanley reiterated an Overweight view and a $300 target, while reports of preliminary TSMC discussions reinforced the market's AI infrastructure narrative. The move reflects renewed risk appetite for high-duration growth and optionality, though the catalysts remain largely sentiment-driven until partnership terms or execution milestones (e.g., Starship progress) provide verifiable follow-through.

Impact level

● Medium

Affected assets

NCSKSPCX2USD/USDT+5.37%

AI Insight · NCSKSPCX2USD/USDTAI Insight

▲ Bullish

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SpaceX (SPCX) rose 7.63% to $171.09 on October 5, 2026, after bullish analyst commentary and reported confirmation of preliminary TSMC discussions lifted attention to its growth case. This article reviews the move, the limits on those catalysts, and the technical levels that could shape the next trading decision.

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