SpaceX shares (SPCX) ended October below their $135 IPO price after an 8.7% five-session decline, while reports of Goldman Sachs client trading showed a reversal in a tracked global AI basket.
SpaceX closed Friday, Oct. 30, at $134.72, 28 cents below the IPO price. The stock was 8.7% lower than its Oct. 23 close and 10.7% below its Sept. 30 close of $150.86. StockAnalysis, which lists S&P Global Market Intelligence as its price data source, quoted SPCX at $136.75 in premarket trading at 9:21 a.m. ET Monday, up 1.51% from Friday.
Seeking Alpha and NDTV Profit reported that Goldman Sachs Prime Book figures for the bank’s prime brokerage clients showed five consecutive sessions of net sales in its tracked global AI basket from Oct. 8 to 14. That reversed net buying accumulated since early 2025. NDTV Profit said long-position sales were about 3.5 times the pace of new short positions. The reports did not identify the basket’s holdings or link its trading to SPCX’s decline.
Reuters reported that a Goldman note put technology-stock sales through the bank’s prime brokerage desk at about $20 billion in the two weeks before Oct. 26. The note compared that with $23 billion during a July unwind.
SpaceX’s Sept. 30 Form 10-Q lists Space, Connectivity and Super Intelligence as its three business segments; the latter was formerly labeled the AI segment. The company says Super Intelligence covers infrastructure, Grok, Cursor and X. On Oct. 26, SpaceX announced a binding commitment to enter an approximately $40 billion master finance lease for GPUs and related equipment. The lease remains subject to closing conditions, and the company expects it to close before the end of 2026. SpaceX said the lease diversifies its funding sources. Lease schedules are expected to begin when the equipment is delivered in the first half of 2027.
