NEW YORK — Shares of Elon Musk's two public companies head into November with a stack of fresh catalysts, as a record-setting October gives way to a month that opens on compute, connectivity and merger math. Tesla — NASDAQ: TSLA — and SpaceX — NASDAQ: SPCX — both enter the new month near the top of their ranges, carried by operating momentum rather than hype.
A Strong Handoff From October
The tape closed the month on firm footing. Both names finished October near their highs on operational momentum, and the weekend brought catalysts that speak directly to the bull case. SpaceX detailed two new Colossus 2 compute clusters — "Gun Range" and "Spam" — pushing toward roughly 1.2 million Nvidia Blackwell chips by year-end, a buildout underwritten by a reported $40 billion in GPU financing. Separately, reports that SpaceX is pursuing up to 80,000 U.S. cell sites to turn Starlink into a wireless carrier reframe the connectivity story as a direct challenge to the incumbent telecoms.
The Tape: Where $TSLA and $SPCX Stand
As of the latest point-in-time snapshot, $TSLA changed hands around $462, up close to 1.9%, holding inside a 52-week range of roughly $182 to $489 and keeping Tesla among the most valuable companies in the $SPY and $QQQ. $SPCX traded near $305, up about 2.4%, toward the upper end of a post-IPO band stretching from the low $120s. Chip bellwether $NVDA remains the quiet third leg of the trade, given how much of SpaceX's compute roadmap and Tesla's autonomy stack lean on its silicon.
Investors tracking live quotes can follow $TSLA on Yahoo Finance, Google Finance, the WSJ market-data page and Nasdaq, and $SPCX on Yahoo Finance, Google Finance, the WSJ and Nasdaq.
