NEW YORK — Shares of Elon Musk's two publicly traded giants firmed up as the third quarter drew to a close, with traders positioning for a pair of potential catalysts in the first days of October.
Tesla — NASDAQ: TSLA — held its recent range as the quarter ended, while SpaceX — NASDAQ: SPCX, the rocket and satellite company that now includes xAI after this year's merger — extended a quiet climb that has followed Starship's historic first flight to orbit. Both names have spent the past week digesting a heavy flow of company news heading into month-end.
Positioning Into the Print
The setup is straightforward. Tesla reports third-quarter delivery figures on Oct. 2, a number the market treats as one of the most important data points of the year. Expectations have firmed after a strong finish to the quarter, and bulls point to the same demand signals that had showrooms selling out of inventory as September wound down. A day earlier, on Oct. 1, SpaceX is set to launch its Crew-13 astronaut mission, another visible reminder of the operational cadence underpinning $SPCX.
Investors have also been weighing Tesla's balance-sheet firepower after the company lined up roughly 30 billion dollars in credit to fund its AI build-out, a move read as preparation for a heavy investment cycle in compute, robotaxi and Optimus.
Where the Tape Sits
As the quarter closed, $TSLA traded near 384 dollars, up about 1 percent on the session and holding within a 52-week range of roughly 180 to 489 dollars, for a market capitalization around 1.35 trillion dollars. $SPCX changed hands near 152 dollars, up close to 2 percent, toward the upper end of its post-IPO band of roughly 95 to 168 dollars. The broader tape was steady, with $QQQ and $SPY little changed and AI bellwether $NVDA firm.
