SpaceX Stock at $147.49: $178.37 Bull, $122.60 Bear After Cell-Site Report

SpaceX stock (SPCX) closed at $147.49 on Friday 23 October 2026, up $2.74 or 1.89 percent from Thursday's $144.75, following a Bloomberg report about potential cell-site lease negotiations. The report, timestamped 5:31 p.m. Eastern on Thursday, stated SpaceX is in talks to secure a minimum of 80,000 US cell sites with at least one tower company including Crown Castle, with deals potentially reaching into the billions. Statistical analysis based on the last 90 daily log-returns projects a 10-session bull target of $178.37, a base of $142.44, and a bear of $122.60 through 6 November. The cell-site discussions remain unconfirmed, with SpaceX not immediately responding to the Bloomberg report and Crown Castle CEO Chris Hillabrant declining to discuss specific customers on Wednesday's earnings call. This price movement follows Tuesday's earnings call where SpaceX president Gwynne Shotwell announced Starlink Mobile had surpassed 22 million monthly users, up 37 percent quarter-over-quarter, with service aimed at early 2028.

SpaceX Stock Closes at $147.49 Following Cell-Site Report

SpaceX closed Friday 23 October 2026 at $147.49 on Nasdaq, up $2.74 or 1.89 percent from Thursday's $144.75. The session's low was $144.085 and high was $149.75, with volume of 110,617,500 shares. The close sits $7.53 or 4.86 percent under the 20-day average of $155.02, and $1.75 or 1.17 percent under the 50-day average of $149.24. The prior five sessions from 16 to 22 October recorded an intraday low of $142.95 and an intraday high of $166.18.

Friday's gain recovered $2.74 of Thursday's $14.56 drop, representing 18.8 percent of that decline. Thursday had closed down $14.56 or 9.14 percent from Wednesday's $159.31. Wednesday's close was up 7.79 percent from Tuesday's $147.79, the session following the earnings call.

Bloomberg Report Details 80,000 Cell-Site Negotiations

Bloomberg, as carried by Yahoo, reported at 12:31 a.m. Moscow on Friday (5:31 p.m. Eastern on Thursday) that SpaceX aims to secure a minimum of 80,000 US cell sites and is in talks with at least one tower company, including Crown Castle. The report stated the value could reach into the billions. People familiar with the matter asked not to be identified because the discussions are private. American Tower declined to comment. SpaceX and Vertical Bridge did not immediately respond.

Chris Hillabrant, Crown Castle's chief executive, stated on Wednesday's earnings call: "You can assume that we're talking to all parties." He declined to discuss specific customers. The question put to him included Amazon and other satellite providers, not SpaceX alone.

TeslaNorth reported on 22 October that Crown Castle operates about 40,000 US towers, American Tower operates about 42,000 US sites, and Vertical Bridge operates about 18,000, against 158,500 purpose-built US towers last year as reported from the Wireless Infrastructure Association. On that count, 80,000 sites represent about half the total stock and more than any single portfolio.

Earnings Call Announced 22 Million Starlink Mobile Users

Gwynne Shotwell, SpaceX president and chief operating officer, stated on the Tuesday 20 October earnings call: "We surpassed 22 million monthly users on Starlink Mobile as of the end of the quarter, up 37% quarter over quarter." She indicated service is aimed at early 2028. The call transcript does not contain the 80,000-site figure.

When asked how satellite and ground components would share a US network, Shotwell stated "the vast majority of mobile connectivity is actually Wi-Fi" and placed the share at "something between 85% and 93%." She explained the low-band component is "the 800 MHz spectrum to basically penetrate buildings" when phones are not on Wi-Fi, and that she expected S-band to carry the majority of the remainder.

Elon Musk, chief executive, stated on the same call: "And we will be building out our terrestrial network so that there's broad-based connectivity anywhere that SpaceX and Starlink are allowed to operate." The call also projected first-quarter 2027 revenue at $33 billion to $37 billion.

TeslaNorth reported an 8 October agreement to buy up to 14 MHz of paired 800 MHz spectrum, expected to close in the first half of 2027 if regulators approve. The FCC approval for 15,000 mobile V2 satellites was referenced in the 20 October remarks.

Statistical Projections Show $178.37 Bull and $122.60 Bear Targets

Statistical analysis based on the last 90 daily log-returns from the 16 June close through 23 October yields a 10-session projection through Friday 6 November. The mean log-return is -0.0034835192 and the sample standard deviation is 0.0474219710.

The bull target of $178.37 represents the spot price of $147.49 multiplied by e to the power of (10 times the mean plus 1.5 times sigma times the square root of 10), resulting in an increase of $30.88 or 20.94 percent. The base target of $142.44 compounds only the mean for 10 sessions, resulting in a decrease of $5.05 or 3.42 percent. The bear target of $122.60 applies the same drift minus one standard deviation, resulting in a decrease of $24.89 or 16.88 percent.

A 47-session path through 31 December was calculated but rejected because the bull of $203.91 sits within $0.91 of a previously published $203 bull target, creating a collision. The unused year-end base is $125.22 and the bear is $90.46.

StockAnalysis data fetched 25 October shows 38 analysts polled by S&P Global with a consensus Buy rating, average target of $257.49, median of $245, low of $70, and high of $800. Eric Sheridan at Goldman Sachs reiterated $245 on 22 October, up from $230. Ronald Epstein at Bank of America reiterated $275 that day, up from $235. Glenn Thum at Phillip Securities raised his target to $250 from $75. These are one-year analyst targets, distinct from the 10-session statistical projections.

Carrier and Tower Company Stocks React to Cell-Site News

Carrier stocks declined on Friday's Nasdaq session: AT&T closed at $20.93, down 7.96 percent; T-Mobile closed at $146.54, down 7.71 percent; Verizon closed at $44.66, down 1.19 percent. Tower company stocks moved in the opposite direction: Crown Castle closed at $85.97, up 9.06 percent; American Tower closed at $188.97, up 4.08 percent; SBA Communications closed at $184.75, up 3.57 percent.

John Stankey, AT&T's chief executive, stated on Wednesday's AT&T earnings call: "I wouldn't over-rotate on what I would call one carrier of low band spectrum." He also stated "I think LEO constellations are fantastic for delivering bandwidth to rural areas." Wednesday preceded the cell-site headline; his remarks addressed spectrum rather than a term sheet that had not yet been reported.

Gordon F. Snyder Jr., an engineering professor at Holyoke Community College, posted on Friday: "A satellite link has about 50 dB more path loss than a cell site 1 km away, so sites still matter."

FAQ

Did Friday's 1.89 percent gain price an 80,000-site deal?

No. Friday's $147.49 close recovered $2.74 of Thursday's $14.56 drop, and the Bloomberg report timestamp is 5:31 p.m. Eastern on Thursday, after Thursday's 4:00 p.m. cash close. The report states the talks are private, Crown Castle was named as one company in discussions, and SpaceX did not immediately respond. The 20 October earnings call transcript contains the 22 million user figure and early 2028 service date but does not contain a site count. A gain of 1.89 percent is the official Friday movement, not confirmation of a signed agreement.

Are the $178.37 bull and $122.60 bear targets Street analyst targets?

No. The $178.37 bull, $142.44 base, and $122.60 bear are 10-session statistical projections through 6 November based on the last 90 daily log-returns, with mean of -0.0034835192 and standard deviation of 0.0474219710. StockAnalysis showed a $257.49 average analyst target as of 25 October, based on 38 analysts polled by S&P Global, with individual targets including Eric Sheridan at Goldman Sachs at $245, Ronald Epstein at Bank of America at $275, and Glenn Thum at Phillip Securities at $250. These are one-year analyst price targets, distinct from the house statistical projections.

What did Gwynne Shotwell state about Starlink Mobile on 20 October?

Gwynne Shotwell, SpaceX president and chief operating officer, stated on the 20 October earnings call: "We surpassed 22 million monthly users on Starlink Mobile as of the end of the quarter, up 37% quarter over quarter." She indicated the priority is flying the mobile V2 constellation through next year and turning service on in early 2028, following spectrum purchases. She later stated that Wi-Fi represents 85 percent to 93 percent of mobile connectivity, and that 800 MHz spectrum is used to penetrate buildings when phones are not on Wi-Fi. The call transcript does not contain an 80,000-site figure.