SpaceX (NASDAQ: SPCX) gained 4.1% on Monday to close at $170.86, its third consecutive session of gains, as two converging catalysts brought fresh buying pressure to the newly-public aerospace and satellite company 18 trading days after its June 12 debut.
Volume reached 79.5 million shares, well above the stock's recent average. Retail investors pushed SPCX to the top of net-buying leaderboards for a second straight session, with net inflows of approximately $100 million, according to Vanda Research data cited by Yahoo Finance.
Charter Communications mobile talks
SpaceX held discussions with Charter Communications about a consumer mobile phone offering powered by Starlink satellite connectivity, TipRanks reported. A partnership, if completed, would allow SpaceX to compete directly in the consumer wireless market against Verizon, AT&T, and T-Mobile, using Charter's existing broadband subscriber relationships as a distribution channel.
SpaceX has previously told investors it intends to offer mobile service directly to consumers. The Charter talks represent a potential accelerant to that strategy, with an established cable operator providing an immediate subscriber base rather than requiring SpaceX to build retail distribution from scratch. Charter shares also moved higher on the day as investors interpreted the talks as a potential competitive differentiator for the cable company's broadband business.
Nasdaq-100 inclusion confirmed: July 7
Nasdaq confirmed that SPCX will enter the Nasdaq-100 index following the close on July 6, 2026, and begin trading within the index on July 7, per TradingKey. The Nasdaq-100 tracks the 100 largest non-financial companies on the exchange. Inclusion requires index-tracking funds, including the QQQ ETF with more than $300 billion under management, to buy SPCX shares proportional to its weight in the index.