ORDER FLOW$SPCXSpace Exploration Technologies Corp.Open ticker analysis →Space Exploration Technologies's feed-classified large and super-large trades show a net outflow of $40.79M. The all-order net is -$173.03M. Order size and trade classification do not identify an institution or its investment intent.
What happened
In the source reading marked 2026-11-13 11:09:00, large and super-large orders netted -$40.79M, while all orders combined netted -$173.03M.
$SPCX was at $139.11, down 2.1% on the day.
Why it matters
The large-order net is negative while the recorded stock change is down 2.1%. These are two observations to compare; neither proves accumulation, distribution or a cause of the price move.
The company reference record lists Space Exploration Technologies as a mega-cap computer programming company with market capitalization near $1.9T. Market capitalization is an equity-size measure; it does not identify who traded or how much liquidity is available.
The all-order total includes the large-order bucket. Agreement between the two totals is not independent confirmation.
Every completed trade has a buyer and seller. Inflow and outflow are the feed's classifications, not measurements of new capital entering or leaving the company.
Dividing the absolute $40.79M large-order net by the $10.9B turnover figure gives 0.4%. This comparison is useful only when both source figures cover the same period; it is not a share of institutional ownership.
Zooming out, $SPCX has been in a slow fade, down 4.7% over the past 20 sessions, and it trades below its 20-day average of $142.10, in the middle of that range between $120.39 and $176.42.
The numbers
| Large-order net | -$40.79M |
|---|---|
| All-order net | -$173.03M |
| Reading time (as supplied) | 2026-11-13 11:09:00 |
| Price | $139.11 |
| Move | -2.1% |
| 40-session range | $120.39, $176.42 |
| 20-day average price | $142.10 |
| 20-session change | -4.7% |
Three ways this could play out
Bullish continuation
If $SPCX closes above $176.42, the recorded recent high and the next comparable large-order reading remains positive, both conditions would be observed together. Record the next net value rather than assuming the same participant caused either change.
Bearish rejection
If $SPCX closes below $120.39, the recorded recent low, compare the next large-order net with the current -$40.79M baseline. A lower price does not by itself identify distribution.
Neutral stabilization
If price stays between $120.39 and $176.42, compare consecutive readings over the same interval before describing the flow as persistent.
What to watch next
- The next comparable large-order net: compare it with -$40.79M and note any change in the reporting window.
- All-order net: compare the next reading with -$173.03M, keeping the overlapping order buckets in mind.
- $142.10: the 20-day average price.
- $120.39 and $176.42: the recent range edges.
