SpaceX (NASDAQ:SPCX) Shares Up 6.1% – What’s Next?

SpaceX (NASDAQ:SPCX) traded up 6.1% on Thursday . The stock traded as high as $115.75 and last traded at $114.92. 252,881,510 shares were traded during mid-day trading, an increase of 130% from the average daily volume of 109,719,086 shares. The stock had previously closed at $108.27.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Lockup pressure was less severe than feared. Approximately 911.5 million shares became eligible for trading, more than doubling SpaceX’s public float. However, the stock remained resilient, suggesting that selling may have been largely anticipated and that existing shareholders and retail investors were willing to support the shares. SpaceX’s stock is having one of its best days ever with the first lockup expiration now behind it
• Positive Sentiment: Analysts turned more constructive. Argus upgraded SpaceX to Buy and set a $160 price target, citing accelerating AI revenue, cloud contracts and a potential payback period of less than one year for new AI spending. JPMorgan also raised its target, reinforcing the bullish view on SpaceX’s compute opportunity. SpaceX Stock Just Scored a New Buy Rating
• Positive Sentiment: Quarterly growth remains impressive. SpaceX reported revenue of $7.81 billion, up 91.9% year over year, and a smaller-than-expected loss of $0.09 per share. Reports also highlighted $20.8 billion of combined AI cloud contracts, $2.56 billion in AI revenue and continued profitability at Starlink. SpaceX Signed $14.1 Billion of Cloud Contracts in a Single Quarter
• Positive Sentiment: AI infrastructure plans are expanding. SpaceX’s partnership with Nvidia to deploy next-generation hardware in terrestrial and orbital data centers, along with the planned $16.8 billion Terafab chip factory with Tesla, strengthens the company’s long-term AI and compute narrative. SpaceX’s Terafab will rely on natural gas power plants
• Neutral Sentiment: Speculation about a SpaceX-Tesla merger or tracking-stock structure added attention but remains unconfirmed. Jefferies characterized the possibility as uncertain rather than an immediate catalyst. Jefferies weighs in on SpaceX-Tesla merger speculation
• Negative Sentiment: Risks remain substantial. SpaceX is committing roughly $15.8 billion of quarterly capital spending to AI and remains GAAP-loss-making. Additional staged unlocks through December could create further supply, while concerns about contract cancellations, valuation and the execution of Starlink Mobile continue to limit investor conviction.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wolfe Research reissued an “outperform” rating on shares of SpaceX in a research report on Wednesday. Zacks Research raised shares of SpaceX to a “hold” rating in a research report on Monday, June 15th. Raymond James Financial lowered shares of SpaceX from a “strong-buy” rating to a “strong sell” rating in a research note on Friday. Morgan Stanley reissued an “overweight” rating on shares of SpaceX in a research report on Friday, July 24th. Finally, Arete Research set a $401.00 target price on shares of SpaceX and gave the company a “buy” rating in a research note on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $227.31.

SpaceX Price Performance

The firm has a 50-day moving average price of $143.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.11 and a current ratio of 5.12.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The company’s revenue for the quarter was up 91.9% on a year-over-year basis. On average, research analysts anticipate that SpaceX will post -0.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SPCX. Dynamic Advisor Solutions LLC acquired a new stake in SpaceX in the 2nd quarter worth approximately $3,383,000. Castle Rock Wealth Management LLC bought a new stake in shares of SpaceX during the 2nd quarter worth $2,310,000. Teamwork Financial Advisors LLC acquired a new position in SpaceX in the 2nd quarter valued at $8,027,000. Ebert Capital Management Inc. acquired a new position in SpaceX during the 2nd quarter worth $647,000. Finally, Cooper Financial Group bought a new position in shares of SpaceX in the second quarter worth about $950,000.

About SpaceX

SpaceX, or Space Exploration Technologies Corp., is an American aerospace company focused on the design, manufacture and launch of advanced rockets and spacecraft. The company develops launch vehicles and space systems used for commercial, government and scientific missions, with a strong emphasis on lowering the cost of access to space through reusable rocket technology.

Founded in 2002 by Elon Musk, SpaceX has built a broad portfolio of products and services that includes the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starship development program.