SpaceX (NASDAQ:SPCX) Stock Jumps 1.3% – Still a Buy?

SpaceX (NASDAQ:SPCX) shot up 1.3% during mid-day trading on Monday. The stock traded as high as $151.01 and last traded at $147.96. 73,261,935 shares were traded during trading, a decline of 27% from the average daily volume of 100,782,281 shares. The stock had previously closed at $146.03.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Q3 results exceeded expectations. SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings per share of $0.35 versus the $0.10 consensus estimate. Net income reached approximately $4.4 billion, compared with a loss a year earlier. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI and Starlink are accelerating growth. Super Intelligence revenue reached $7.56 billion, while Connectivity revenue rose 69% to $5.25 billion. Starlink subscribers increased to 13.6 million, and recurring satellite revenue helped support profitability. SpaceX Q3 revenue surges and beats estimates
• Positive Sentiment: Potential Tesla merger talks added to investor enthusiasm. SpaceX and Tesla formed independent committees to evaluate a possible merger, which Elon Musk called a “good idea.” Analysts including Dan Ives and Gene Munster view a transaction as plausible, though no deal or terms are certain. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Management outlined ambitious expansion plans. Musk expects significant additional AI computing capacity and projected long-term recurring revenue growth, while the company and Tesla are targeting volume chip production through their Terafab project in 2028. These forecasts offer upside but remain execution-dependent.
• Negative Sentiment: Heavy investment and financing needs remain key risks. SpaceX spent about $19.6 billion on capital expenditures during the quarter, including $16.4 billion for AI infrastructure. Analysts warn that additional borrowing, cash burn and rising debt could pressure valuation despite the profit beat. More than one billion shares may also become eligible for sale as lockups expire.
• Negative Sentiment: Starlink faces reputational and regulatory concerns. Reports that Musk ordered a slowdown of Starlink service affecting Ukraine could increase political scrutiny and create risks for government relationships and future contracts. Musk ordered Starlink slowdown affecting Ukraine

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Mizuho began coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $200.00 price target for the company. Wells Fargo & Company cut their price objective on shares of SpaceX from $215.00 to $212.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 8th. Moffett Nathanson raised their target price on SpaceX from $131.00 to $142.00 and gave the company a “neutral” rating in a research note on Monday, September 14th. Bank of America started coverage on SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $235.00 target price for the company. Finally, Piper Sandler dropped their price target on SpaceX from $156.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $224.86.

SpaceX Stock Performance

The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average price is $148.92. The company has a market cap of $1.95 trillion and a price-to-earnings ratio of -1,642.11.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.10 by $0.25. The company had revenue of $14.57 billion during the quarter. During the same period in the previous year, the business posted ($0.36) earnings per share. The firm’s revenue was up 161.4% on a year-over-year basis. As a group, research analysts anticipate that SpaceX will post 0.07 earnings per share for the current year.

Insider Transactions at SpaceX

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

Hedge Funds Weigh In On SpaceX

Several large investors have recently bought and sold shares of SPCX. James T. Borello RIA raised its holdings in shares of 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 purchasing an additional 72 shares during the last quarter. Downshift Financial LLC lifted its position in shares of SpaceX by 25.7% during the third quarter. Downshift Financial LLC now owns 553 shares of the company’s stock valued at $83,000 after purchasing an additional 113 shares in the last quarter. Decision Investments Inc. boosted its holdings in SpaceX by 10.7% during the third quarter. Decision Investments Inc. now owns 1,443 shares of the company’s stock worth $218,000 after purchasing an additional 139 shares during the last quarter. Worthington Financial Partners LLC boosted its holdings in SpaceX by 3.0% during the third quarter. Worthington Financial Partners LLC now owns 4,883 shares of the company’s stock worth $737,000 after purchasing an additional 142 shares during the last quarter. Finally, Syntax Research Inc. bought a new stake in SpaceX in the 2nd quarter worth about $26,000.

About SpaceX

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

SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.