SpaceX (NASDAQ:SPCX) Stock Falls 1.8% – Here’s Why

SpaceX (NASDAQ:SPCX)’s share price fell 1.8% during mid-day trading on Thursday. The stock traded as low as $146.03 and last traded at $148.07. Approximately 68,598,065 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 102,478,352 shares. The stock had previously closed at $150.86.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Three successful launches in roughly 13 hours highlighted SpaceX’s execution and launch cadence. The missions included the Crew-13 astronaut flight to the International Space Station—the fastest U.S. trip to the ISS—Google’s Project Suncatcher AI satellite mission and a Starlink-related Starship flight. SpaceX stock surges after successful ISS and Google launches
• Positive Sentiment: The Google launch strengthens the investment case for SpaceX as an AI-infrastructure provider. Google is testing chips in orbit as part of a potential space-based data-center strategy, while Elon Musk said SpaceX is cautiously optimistic about powering Nvidia AI hardware at approximately 250 kilowatts. SPCX Stock Climbs As Three Thursday Launches Meet Start Of Google’s AI Pact
• Positive Sentiment: Analyst coverage remains bullish. TD Cowen initiated a Buy rating, and several reports cited roughly 48%–55% potential upside, supported by Starlink growth, defense contracts, reusable launch technology and future Starship applications. Despite a Successful Starship Launch and a New Buy Rating
• Positive Sentiment: SpaceX’s reusable fairing program has reportedly saved about $120 million over eight years, providing evidence that launch reusability can improve long-term margins. SpaceX Saved $120 Million
• Neutral Sentiment: Investors are increasingly valuing SpaceX as both a space company and an AI company, with possible future opportunities in orbital data centers, satellite connectivity for airlines and maritime customers, and semiconductor manufacturing.
• Negative Sentiment: Valuation remains the main risk. Articles note that SPCX could become profitable in 2027, but its lofty valuation leaves little room for launch failures, Starship delays or slower-than-expected Starlink and AI commercialization. SpaceX Could Be Profitable in 2027, but the Stock Looks Expensive

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Piper Sandler reduced their target price on shares of SpaceX from $156.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Wedbush started coverage on shares of SpaceX in a research report on Tuesday, June 30th. They set an “outperform” rating and a $190.00 price objective for the company. Raymond James Financial lowered shares of SpaceX from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, August 7th. New Street Research raised shares of SpaceX to a “strong-buy” rating in a research note on Thursday, June 11th. Finally, Weiss Ratings started coverage on shares of SpaceX in a report on Tuesday, September 1st. They set a “sell (d)” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seven have issued a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $218.68.

SpaceX Stock Up 7.4%

The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $139.62. The company has a market capitalization of $2.10 trillion and a PE ratio of -1,766.22.

SpaceX (NASDAQ:SPCX) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The business’s revenue was up 91.9% on a year-over-year basis. On average, equities analysts forecast that SpaceX will post 0.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the transaction, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of SpaceX

Several institutional investors and hedge funds have recently made changes to their positions in the company. Syntax Research Inc. purchased a new stake in shares of SpaceX during the 2nd quarter valued at $26,000. Atwood & Palmer Inc. purchased a new stake in SpaceX during the 2nd quarter valued at about $29,000. PayPay Securities Corp bought a new position in SpaceX during the 2nd quarter worth approximately $30,000. Marquette Asset Management LLC purchased a new position in SpaceX in the 2nd quarter worth approximately $32,000. Finally, Hickory Point Bank & Trust bought a new stake in SpaceX in the third quarter valued at approximately $30,000.

About SpaceX

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.