SpaceX (NASDAQ:SPCX) Stock Falls 1.7% – Time to Sell?

SpaceX (NASDAQ:SPCX)’s share price dropped 1.7% during trading on Friday. The company traded as low as $142.95 and last traded at $146.03. Approximately 87,304,286 shares changed hands during trading, a decline of 14% from the average daily volume of 101,082,469 shares. The stock had previously closed at $148.62.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Prediction-market odds of a Tesla (NASDAQ:TSLA)-SpaceX combination before March 2027 rose above 50%, reaching roughly 55%-56% from about 29%-30% earlier in the week. Tesla’s SpaceX-powered flying Roadster strengthened speculation that the companies could share engineering, artificial-intelligence and manufacturing capabilities. Prediction market odds on Tesla-SpaceX merger are above 50% for early 2027
• Positive Sentiment: Evercore raised its SpaceX target, arguing that operational “proof points” are approaching and highlighting potential revenue above $100 billion. Investors are also focused on the company’s expanding Starlink business, including service on United Airlines aircraft and a planned mobile-network push. SpaceX Stock: The proof points are closer
• Positive Sentiment: SpaceX is pursuing new growth areas, including AI data centers in space with Nvidia technology, automated Grok customer service for Starlink and a reported multibillion-dollar Google computing contract. Continued launches and upcoming Starship and lunar missions provide additional execution catalysts.
• Neutral Sentiment: SpaceX’s spectrum transaction supports an approximately $8 billion wireless expansion, but analysis concludes the company remains well behind established telecom giants in spectrum, network scale and customer reach. SpaceX’s spectrum deal still leaves it far from rivaling telecom giants
• Neutral Sentiment: Investors are awaiting October 20 earnings for evidence that Starlink growth, launch cadence and new businesses can justify the company’s roughly $1.9 trillion valuation and extremely high earnings multiple.
• Negative Sentiment: Ukraine-related controversy remains a reputational and contract risk. Ukrainian officials reported unexpected Starshield restrictions that disrupted drone operations; President Trump denied ordering them, while Elon Musk attributed responsibility to the U.S. government. Although service was reportedly restored, the episode could encourage customers and governments to seek competing satellite providers. Trump says White House didn’t order Starlink restrictions in Ukraine
• Negative Sentiment: Upcoming insider share unlocks could increase supply, while NYC Council scrutiny of SpaceX’s AI activities adds regulatory and governance uncertainty. Analysts also caution that substantial investment needs and the stock’s demanding valuation leave limited room for execution disappointments.

Wall Street Analyst Weigh In

Several research firms have weighed in on SPCX. Citigroup lowered SpaceX from a “buy” rating to a “sell” rating in a research note on Friday, August 7th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of SpaceX in a research note on Monday, September 28th. Moffett Nathanson raised their price objective on SpaceX from $131.00 to $142.00 and gave the stock a “neutral” rating in a research note on Monday, September 14th. Guggenheim began coverage on SpaceX in a research report on Friday, August 7th. They set a “buy” rating on the stock. Finally, Piper Sandler reduced their price target on shares of SpaceX from $156.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $221.34.

SpaceX Price Performance

The firm has a market capitalization of $1.92 trillion and a price-to-earnings ratio of -1,622.56. The business’s 50-day simple moving average is $148.19. 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 results on Tuesday, August 4th. The company reported ($0.09) EPS 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 was up 91.9% compared to the same quarter last year. Equities research analysts predict that SpaceX will post 0.07 EPS for the current year.

Insider Activity

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Opal Wealth Advisors LLC bought a new position in shares of SpaceX in the third quarter valued at $226,000. KFG Wealth Management LLC raised its position in SpaceX by 1,008.6% during the third quarter. KFG Wealth Management LLC now owns 23,181 shares of the company’s stock worth $3,497,000 after acquiring an additional 21,090 shares in the last quarter. James T. Borello RIA lifted its stake in SpaceX by 41.4% in the third quarter. James T. Borello RIA now owns 246 shares of the company’s stock valued at $37,000 after acquiring an additional 72 shares during the last quarter. Cyndeo Wealth Partners LLC lifted its stake in SpaceX by 548.7% in the third quarter. Cyndeo Wealth Partners LLC now owns 57,759 shares of the company’s stock valued at $8,713,000 after acquiring an additional 48,855 shares during the last quarter. Finally, Aspiriant LLC bought a new position in shares of SpaceX in the 3rd quarter valued at about $994,000.

SpaceX Company Profile

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.