IMPORTANT DISCLAIMER: EDUCATIONAL PURPOSES ONLY. This post is for educational and informational purposes only. It is not investment advice and not financial advice, and it is not a recommendation to buy, sell, or hold SPCX, TSLA or any other security. Do your own research and consult a licensed financial advisor before making any investment decision. Investing involves risk, including the possible loss of your money.

CNBC Television: "Ron Baron on his Musk investments: Can make 'hundreds of billions of dollars' over the next 10 years". Facts on this page cite the primary sources below, not the video.

The claim: SpaceX stock is back after the midterm crash.

The proof: Partly. SPCX gained 8.62% on Friday to close at $134.27 (StockAnalysis/Yahoo daily data). That recovered most of Thursday's drop but still left the stock below Wednesday's $135.92 close and below its $135 IPO price (Motley Fool). The big new input was a CEO forecast, not a reported quarter.

Editorial Thesis

Friday's bounce had two parts: tech dip buyers returning in the morning, then Elon Musk telling the Baron Investment Conference that fourth-quarter revenue should rise about 70% from the third. A forecast from the CEO is useful information, but it is not a filing, and it doesn't erase the political-risk questions that drove the two-day slide.

Honest Verdict

  • Confirmed (StockAnalysis, matches Yahoo Finance): SPCX closed $134.27 on Nov. 6, up $10.65 (+8.62%) from $123.62. Day range $128.57 to $135.32.
  • Reported (Bloomberg via TheFly; Benzinga): Musk, speaking by webcast at the Baron Investment Conference, said Q4 revenue should rise "something like 70%" from Q3 and that SpaceX is on track for a $100 billion annualized revenue rate.
  • Our math (from MarketSpeaker's Q3 figure): Q3 revenue was $14.575 billion; a 70% rise would be about $24.8 billion for Q4.
  • Not known: whether Q4 actually lands there. SpaceX reports Q4 results next year; this is guidance spoken at a conference.

The numbers

SPCX
Wed Nov 4 close $135.92
Thu Nov 5 close $123.62
Fri Nov 6 open $130.94
Fri Nov 6 high / low $135.32 / $128.57
Fri Nov 6 close $134.27
Change vs Thu +$10.65 (+8.62%)

MarketSpeaker notes SPCX was already up about 6% in late morning, before Musk spoke. So the forecast added to a rebound that had started with the broader tech bounce.

What Musk said

  • Q4 revenue up about 70% from Q3. Bloomberg (via TheFly) quoted "something like 70%"; Benzinga's headline says "about 70%."
  • $100 billion annualized revenue rate. Benzinga reports Musk said SpaceX is on track for that rate. An annualized rate is a run-rate snapshot, not $100 billion of booked revenue in 2026.
  • NASA comparison. Musk posted on X that SpaceX revenue this quarter "will be substantially higher than NASA's entire annual budget" (quoted by MarketSpeaker).

What did not change

  • The midterm-driven risks AI Shift News covered on Nov. 6 (Texas data-center politics, merger scrutiny) are still open questions, the Motley Fool notes.
  • The stock is still below its $135 IPO price.
  • No new SpaceX filing was released on Nov. 6.

How this differs from Friday's AISN investing post

Our Nov. 6 investing draft covered the Nov. 5 selloff (SPCX -9% to $123.62). This post covers the Nov. 6 rebound and Musk's Q4 forecast. Same week, new receipts.

The video

CNBC's Nov. 6 Squawk Box interview with Baron Capital's Ron Baron (kvlEa0RpSmA) covers his SpaceX and Tesla stakes, the midterms and the conference day. It is Baron's view, recorded before Musk spoke; the 70% forecast comes from Bloomberg and Benzinga. Alternate: Randy Kirk's Nov. 6 recap of the Baron interview (erzdOM2oZCg).

Bottom line

SPCX closed $134.27 (+8.62%) on Nov. 6 after Musk forecast Q4 revenue up about 70%. It is a CEO forecast, and the stock is still below its IPO price.

Bottom Line

- Confirmed (StockAnalysis, matches Yahoo Finance): SPCX closed $134.27 on Nov. 6, up $10.65 (+8.62%) from $123.62. Day range $128.57 to $135.32. - Reported (Bloomberg via TheFly; Benzinga): Musk, speaking by webcast at the Baron Investment Conference, said Q4 revenue should rise "something like 70%" from Q3 and that SpaceX is on track for a $100 billion annualized revenue rate. - Our math (from MarketSpeaker's Q3 figure): Q3 revenue was $14.575 billion; a 70% rise would be about $24.8 billion for Q4. - Not known: whether Q4 actually lands there. SpaceX reports Q4 results next year; this is guidance spoken at a conference.

Disclaimer: Educational Purposes Only

This post is for educational and informational purposes only. It is not investment advice, not financial advice, and not a recommendation to buy, sell, or hold SPCX, TSLA or any other security. Estimates, price targets and options figures belong to the firms and sources named, not to AI Shift News. AI Shift News is not a registered investment advisor. Do your own research and consult a licensed financial advisor before making any investment decision. Investing involves risk, including the possible loss of your money. Past performance and company claims are not guarantees of future results.

Sources