SpaceX Earnings: We Raise Our Fair Value Estimate on Scaling Data Centers, But Is the Stock a Buy?
Published . Updated .
This report is about AI and big tech.
Directly affected
- SPCX Space Exploration Technologies-7.5% 14d
Named in this report.
Indirectly affected
- QQQ Invesco QQQ+1.7% 18d
Invesco QQQ: it holds the big tech and AI names. Linked by “data center” (AI and big tech) in this story.
- AIQ Global X Artificial Intelligence & Technology ETF-1.8% 30d
Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “data center” (AI and big tech) in this story.
- GOOGL Alphabet-6.5% 30d
Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story.
- MSFT Microsoft+8.4% 30d
Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story.
- AMZN Amazon.com+2.9% 30d
Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story.
- META Meta Platforms-7.9% 30d
Meta Platforms (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| SPCXNo price data for this ticker | — | — | — | — | — | — | — |
| QQQ | +0.56% | -2.36% | base | +0.36% | after close | after close | after close |
| AIQ | +0.50% | -2.20% | base | +0.74% | after close | after close | after close |
| GOOGL | +4.40% | -0.12% | base | +1.17% | after close | after close | after close |
| MSFT | +0.23% | -1.36% | base | -0.66% | after close | after close | after close |
| AMZN | +3.64% | -2.04% | base | +0.01% | after close | after close | after close |
| META | +12.65% | +3.57% | base | -1.32% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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SpaceX Earnings: We Raise Our Fair Value Estimate on Scaling Data Centers, But Is the Stock a Buy? Morningstar
Source: Morningstar
Invesco Qqq Trust, Series 1 (QQQ) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Global X Fds (AIQ) | that day | +0.74% | still updating |
| Global X Fds (AIQ) | three days earlier | -2.20% | final price |
| Global X Fds (AIQ) | five days earlier | +0.50% | final price |
| Amazon Com (AMZN) | that day | +0.01% | still updating |
| Amazon Com (AMZN) | three days earlier | -2.04% | final price |
| Amazon Com (AMZN) | five days earlier | +3.64% | final price |
| Alphabet (GOOGL) | that day | +1.17% | still updating |
| Alphabet (GOOGL) | three days earlier | -0.12% | final price |
| Alphabet (GOOGL) | five days earlier | +4.40% | final price |
| Meta Platforms (META) | that day | -1.32% | still updating |
| Meta Platforms (META) | three days earlier | +3.57% | final price |
| Meta Platforms (META) | five days earlier | +12.65% | final price |
| Microsoft (MSFT) | that day | -0.66% | still updating |
| Microsoft (MSFT) | three days earlier | -1.36% | final price |
| Microsoft (MSFT) | five days earlier | +0.23% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | that day | +0.36% | still updating |
| Invesco Qqq Trust, Series 1 (QQQ) | three days earlier | -2.36% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | five days earlier | +0.56% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Maria Elvira Salazar sold Space Exploration Technologies (SPCX), worth $1,001 - $15,000 on 24 Sep 2026. That is 34 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Space Exploration Technologies (SPCX), worth $1,001 - $15,000 on 12 Aug 2026. That is 77 days before publication. Filed 9 Sep 2026. View the filing.
- Rep. Pete Sessions sold Alphabet (GOOGL), worth $15,001 - $50,000 on 14 Sep 2026. That is 44 days before publication. Filed 18 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Alphabet (GOOGL) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 54 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Thomas H. Kean Jr sold Alphabet (GOOGL), worth $1,001 - $15,000 on 27 Aug 2026. That is 62 days before publication. Filed 12 Sep 2026. View the filing.
- Rep. Lisa McClain bought Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 30 Sep 2026. That is 28 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael Rulli sold Microsoft (MSFT), worth $1,001 - $15,000 on 28 Sep 2026. That is 30 days before publication. Filed 2 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Microsoft (MSFT), worth $1,001 - $15,000 on 24 Sep 2026. That is 34 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 28 Aug 2026. That is 61 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 27 Aug 2026. That is 62 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Amazon Com (AMZN), worth $15,001 - $50,000 on 26 Aug 2026. That is 63 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Meta Platforms (META), worth $1,001 - $15,000 on 24 Sep 2026. That is 34 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Invesco Qqq Trust, Series 1 (QQQ)
Companies carried with this story
- QQQ Invesco Qqq Trust, Series 1
For “SpaceX Earnings: We Raise Our Fair Value Estimate on Scaling Data Centers, But Is the Stock a Buy?,” Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence. Reason on file: Invesco QQQ: it holds the big tech and AI names. Linked by “data center” (AI and big tech) in this story
- AIQ Global X Fds
Global X Fds (AIQ) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “SpaceX Earnings: We Raise Our Fair Value Estimate on Scaling Data Centers, But Is the Stock a Buy?.” Reason on file: Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “data center” (AI and big tech) in this story
- GOOGL Alphabet
In “SpaceX Earnings: We Raise Our Fair Value Estimate on Scaling Data Centers, But Is the Stock a Buy?,” Alphabet (GOOGL) is linked, with no stored direction, medium confidence. Reason on file: Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story
- MSFT Microsoft
Microsoft (MSFT) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “SpaceX Earnings: We Raise Our Fair Value Estimate on Scaling Data Centers, But Is the Stock a Buy?.” Reason on file: Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story
- AMZN Amazon Com
For “SpaceX Earnings: We Raise Our Fair Value Estimate on Scaling Data Centers, But Is the Stock a Buy?,” Amazon Com (AMZN) is linked, with no stored direction, medium confidence. Reason on file: Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story
- META Meta Platforms
Meta Platforms (META) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “SpaceX Earnings: We Raise Our Fair Value Estimate on Scaling Data Centers, But Is the Stock a Buy?.” Reason on file: Meta Platforms (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story
Invesco Qqq Trust, Series 1 (QQQ)
The 28 Oct 2026 story “SpaceX Earnings: We Raise Our Fair Value Estimate on Scaling Data Centers, But Is the Stock a Buy?” names Invesco Qqq Trust, Series 1 (QQQ) because of this story.
For Invesco Qqq Trust, Series 1 (QQQ), the reason on file says Invesco QQQ: it holds the big tech and AI names. Linked by “data center” (AI and big tech) in this story
Also listed, Global X Fds (AIQ): Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “data center” (AI and big tech) in this story
Dates and price levels for Invesco Qqq Trust, Series 1 (QQQ)
AIQ traded between 61.70 and 67.40 across 19 sessions. The latest close on file is 62.94. GOOGL traded between 316.61 and 359.38 across 20 sessions. The latest close on file is 320.65. QQQ traded between 701.18 and 762.84 across 18 sessions. The latest close on file is 721.22.
What the saved facts support for Invesco Qqq Trust, Series 1 (QQQ)
46 out of 100Price not final
“SpaceX Earnings: We Raise Our Fair Value Estimate on Scaling Data Centers, But Is the Stock a Buy?” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.