{
  "id": 17155406,
  "title": "Why is SpaceX stock falling after-hours today?",
  "url": "https://urgent.news/2026/10/30/why-is-spacex-stock-falling-after-hours-today",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T01:12:03.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/why-is-spacex-stock-falling-afterhours-today-93CH-4985677"
  },
  "original_language": "en",
  "account": "In after-hours trading on Thursday, SpaceX shares fell by 2.9% to $139.67, as a Bloomberg report about Anthropic becoming the company's largest customer raised fresh concerns about customer concentration risk. The report revealed that Anthropic accounts for approximately 34.5% of SpaceX's third-quarter revenue under a contract worth up to $120.5 billion through 2029. While the deal was announced and well-received earlier in 2026, the specific revenue share figure has now prompted investors to question the potential impact of a slowdown or disruption in Anthropic's spending on SpaceX's top line. Anthropic's pending IPO adds to the uncertainty surrounding the customer relationship. In addition to the customer concentration concerns, SpaceX faces a potential legal risk from a lawsuit filed by a nonprofit and three Vermilion Parish residents over alleged violations of Louisiana's Open Meetings Law in connection with the tax incentive framework for the Starbase Louisiana project. This $25 million annual payment-in-lieu-of-taxes agreement is at risk due to the legal challenges. The stock has also been drifting back toward the $140 technical support level, weighed down by supply overhang from an October 22 share unlock and fourth-quarter capital expenditure guidance of $35–$40 billion, which raises concerns about free cash flow. The broader market offered no relief, with the Nasdaq dropping 1.7% as tech stocks sold off, and the S&P 500 slipping 0.7%. A more hawkish outlook on interest rates was reinforced after the Q3 GDP reading of 3.4% exceeded analyst forecasts, further impacting high-valuation growth names such as SPCX.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}