Key Highlights

● SpaceX climbed on November 9 as a NASA Moon Base winner.

● Stifel reiterated its Buy rating with a $190 price target.

● The stock traded at $142.07 on the ticker bar.

● It had traded at $136.55 in premarket.

Two catalysts, one direction

SpaceX (NASDAQ:SPCX) climbed on Monday, November 9, 2026, as two pieces of news lined up in its favor. The company was among the eight winners of NASA's Moon Base framework awards, which are worth up to $10 billion in total across the winning companies, according to news reports live blog. Separately, Stifel (NYSE:SF) reiterated its Buy rating on the stock with a $190 price target, reports said.

The ticker showed SpaceX at $142.07, a solid gain on the day. The stock had already been edging higher before the bell, trading at $136.55 in the premarket, according to market coverage. Market data in its midday report, also had the shares up by a similar amount.

The Moon Base awards

NASA's Moon Base framework is designed to bring commercial companies into the agency's lunar plans, with work awarded to participants over time. NASA Administrator Jared Isaacman summed up the approach : "We are building the Moon Base mission by mission."

For SpaceX, which already plays a central role in US spaceflight through its Falcon rockets, Dragon spacecraft and Starship development, a spot among the Moon Base winners reinforces its position in government space programs. The total award value is shared among eight companies, so the eventual Revenue impact will depend on the specific missions SpaceX wins.

The Stifel call

Stifel's reiterated Buy rating and $190 target signal continued confidence from the brokerage. The target sits well above Monday's trading price, implying that Stifel sees room for further gains, although targets are analysts' estimates and not guarantees. Details of the analyst's reasoning were not spelled out in the report.

Analyst calls were plentiful on Monday. Oppenheimer upgraded Advanced Micro Devices (NASDAQ:AMD) to Outperform with a $600 target, helping fuel a powerful rally in chip stocks, and Stifel upgraded Treace Medical Concepts (NASDAQ:TMCI) to Buy, according to market reports.

Space stocks soar together

SpaceX was part of a broad space-sector rally. Fellow Moon Base winners Intuitive Machines (NASDAQ:LUNR) and Firefly Aerospace (NASDAQ:FLY) both jumped, and Voyager Technologies (NYSE:VOYG) rose. AST SpaceMobile (NASDAQ:ASTS) surged on a joint venture with Rakuten in Japan, while Rocket Lab (NASDAQ:RKLB) rallied during the regular session before reporting results after the close. Rocket Lab was not among the named winners.

The wider market provided strong support. The Nasdaq Composite climbed 673.71 points to 25,253.14, its best session since July 30. The S&P 500 rose 173.08 points to 7,549.94, and the Dow Jones Industrial Average jumped 1,104.02 points to 52,389.75. Oil prices slid on hopes for a US-Iran peace deal, and the Cboe Volatility index fell back below 20.

Elsewhere, Tesla (NASDAQ:TSLA), the other large company led by SpaceX chief Elon Musk, gained as well, which was linked to its robotaxi expansion.

Moon Base Orders and Analyst Targets

Investors will look for details on what work SpaceX wins under the Moon Base framework and how it fits with the company's existing launch and spacecraft businesses. Progress on Starship, which is central to many of NASA's lunar ambitions, will remain a major focus.

Analyst views may continue to evolve, and any changes to targets or ratings could move the stock. On the macro side, Tuesday's October Consumer Price Index is the last Inflation report before the Federal Reserve's December 8-9 meeting, where traders see a rate hike as likely, and that could set the tone for Growth Stocks across the Nasdaq.