SpaceX (NASDAQ:SPCX) Stock Price Down 4.1% – Should You Sell?

SpaceX (NASDAQ:SPCX) was down 4.1% during mid-day trading on Wednesday . The stock traded as low as $147.89 and last traded at $148.36. 59,736,940 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 105,076,125 shares. The stock had previously closed at $154.72.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s AI business is attracting early demand: its Grok Bot reportedly surpassed 400,000 weekly users after roughly one month. Analysts also see the company’s AI-compute infrastructure, including planned power capacity expansion, as a potentially significant future revenue driver. SpaceX Has a Meta Muse, Too
• Positive Sentiment: Longer-term optimism remains tied to Starlink growth, defense contracts and the planned Starship program. Elon Musk reportedly expects an initial Starship orbital mission carrying Starlink V3 satellites as soon as September 28, pending approval. First Starship Launch to Orbit
• Positive Sentiment: Analysts continue to highlight potential upside from satellite connectivity, AI infrastructure and possible deeper ties with Tesla. However, merger reports remain speculation rather than a confirmed transaction. SpaceX and Tesla AI Ties
• Neutral Sentiment: President Donald Trump’s financial disclosure showed purchases and sales of SpaceX shares in July. The trades generated publicity but were relatively small and do not directly change SpaceX’s business outlook. Trump bought and sold shares in SpaceX
• Negative Sentiment: Up to 328.4 million shares could become eligible for sale on September 24 as another lockup expires. The potential increase in supply is weighing on sentiment and could create additional volatility. SpaceX Stock Slips Ahead of Share Unlock
• Negative Sentiment: President and COO Gwynne Shotwell filed to sell approximately $52 million of SpaceX stock. Although the sale may be routine, it adds to near-term supply concerns ahead of the lockup event. SpaceX President Sells More Than $50 Million of Stock
• Negative Sentiment: SpaceX is winding down Falcon 9 production while shifting resources to Starship. The transition could eventually improve capacity and economics, but it creates near-term execution risk and concerns about a launch-supply crunch. SpaceX Is Winding Down the Falcon 9
• Negative Sentiment: Elon Musk’s calls for international AI regulation may raise concerns about regulatory constraints on SpaceX’s emerging AI operations. At the same time, valuation remains demanding, leaving limited room for execution missteps. SpaceX Stock Slips as Musk Calls for AI Regulation

Wall Street Analyst Weigh In

Several analysts recently weighed in on SPCX shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $255.00 price objective on the stock. Citigroup lowered SpaceX from a “buy” rating to a “sell” rating in a research report on Friday, August 7th. Pivotal Research started coverage on SpaceX in a research report on Tuesday, September 8th. They set a “buy” rating and a $220.00 price objective for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $246.00 price objective on shares of SpaceX in a research note on Wednesday, August 5th. Finally, HSBC started coverage on SpaceX in a report on Thursday, July 23rd. They issued a “hold” rating and a $115.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have assigned a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat, SpaceX currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.42.

SpaceX Stock Performance

The firm has a market capitalization of $1.94 trillion and a P/E ratio of -1,648.44. 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 company’s 50 day moving average price is $135.31.

SpaceX (NASDAQ:SPCX) last released its 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 firm’s revenue was up 91.9% on a year-over-year basis. As a group, equities analysts predict that SpaceX will post -0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On SpaceX

A number of hedge funds have recently added to or reduced their stakes in SPCX. SC US Ttgp LTD. purchased a new position in SpaceX during the second quarter worth about $20,933,621,000. Darsana Capital Partners LP purchased a new stake in SpaceX in the 2nd quarter valued at about $17,335,783,000. K5 Global Advisor LLC bought a new position in shares of SpaceX during the 2nd quarter worth approximately $6,587,531,000. State Street Corp bought a new position in shares of SpaceX during the 2nd quarter worth approximately $1,858,329,000. Finally, Dragoneer Investment Group LLC purchased a new position in shares of SpaceX in the 2nd quarter worth approximately $1,366,880,000.

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, serving commercial, government and scientific customers.

SpaceX’s principal products include the Falcon 9 and Falcon Heavy rockets, which are used to launch satellites, spacecraft and other payloads into orbit. The company also develops the Dragon spacecraft, which supports cargo and crew missions to low Earth orbit, including missions for NASA and other customers.

Through its Starlink business, SpaceX operates a large constellation of low Earth orbit satellites that provides broadband internet service to customers in numerous countries and regions.