SpaceX (NASDAQ:SPCX) Stock Price Down 1.4% – Here’s What Happened

SpaceX (NASDAQ:SPCX) shares fell 1.4% during trading on Monday . The stock traded as low as $133.10 and last traded at $135.00. 59,745,309 shares were traded during trading, a decline of 47% from the average daily volume of 112,594,031 shares. The stock had previously closed at $136.97.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX plans to invest up to $100 billion in “Starbase, Louisiana,” a 125,000-acre facility in Vermilion Parish with five launch complexes. Construction is expected to begin in 2027, and the site is designed to support thousands of Starship launches annually. Investors view the project as evidence of long-term growth ambitions and potentially greater launch capacity. SpaceX plans to build a $100 billion spaceport in Louisiana
• Positive Sentiment: JPMorgan reiterated its Overweight rating and $240 price target, citing SpaceX’s acquisition of Cursor and progress in monetizing Grok as evidence that the company’s AI strategy is becoming more tangible beyond its rocket and Starlink businesses. SpaceX Stock Is Moving Higher: What’s Going On Today?
• Positive Sentiment: SpaceX is shifting future Starlink launches toward Starship and recently set a Falcon 9 booster-reuse record. These developments reinforce the company’s emphasis on lower launch costs and higher operational scale. SpaceX Ends Falcon 9 Starlink Launches From Florida As Starship Takes Over
• Neutral Sentiment: SpaceX and NVIDIA are developing space-optimized AI computing systems, with a potential orbital data-center launch targeted for late 2027. The initiative could create a new growth market, but it remains dependent on successful hardware development and deployment. SpaceX Targets 2027 Launch for NVIDIA-Powered AI System
• Negative Sentiment: The Louisiana project’s headline cost could weigh on returns if construction overruns, regulatory delays or Starship setbacks occur. SpaceX is also preparing to wind down some Falcon 9 Starlink operations before Starship has demonstrated consistently reliable service.
• Negative Sentiment: Some investors continue to question SpaceX’s valuation, citing its roughly $1.8 trillion market capitalization, Starship execution risk and pressure on Starlink margins. A hedge-fund critic characterized the IPO valuation as excessive, underscoring the stock’s sensitivity to disappointing results or delays. Investor Criticizes SpaceX IPO Valuation

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Phillip Securities raised shares of SpaceX to a “strong sell” rating in a report on Friday, July 31st. Wall Street Zen upgraded SpaceX from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. UBS Group reissued a “buy” rating and set a $75.00 price objective (down from $210.00) on shares of SpaceX in a research note on Monday, August 17th. Piper Sandler lowered their price target on shares of SpaceX from $156.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Finally, Roth Capital upgraded shares of SpaceX to a “buy” rating in a report on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and a consensus target price of $220.20.

SpaceX Price Performance

The company has a market capitalization of $1.80 trillion and a P/E ratio of -1,532.78. The stock has a 50 day moving average price of $139.90. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The company’s revenue for the quarter was up 91.9% compared to the same quarter last year. Sell-side analysts expect that SpaceX will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On SpaceX

A number of institutional investors have recently modified their holdings of SPCX. Syntax Research Inc. acquired a new position in SpaceX during the 2nd quarter worth about $26,000. Atwood & Palmer Inc. acquired a new position in SpaceX in the 2nd quarter valued at about $29,000. PayPay Securities Corp purchased a new stake in SpaceX during the second quarter worth about $30,000. Marquette Asset Management LLC acquired a new stake in shares of SpaceX during the second quarter worth about $32,000. Finally, POM Investment Strategies LLC purchased a new position in shares of SpaceX in the second quarter valued at approximately $39,000.

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.