SpaceX (NASDAQ:SPCX) Trading Down 4.2% – Time to Sell?

Posted by Geri Gentry on Jul 13th, 2026

Shares of SpaceX (NASDAQ:SPCX – Get Free Report) traded down 4.2% during mid-day trading on Monday . The company traded as low as $136.78 and last traded at $139.14. Approximately 70,886,582 shares were traded during trading, a decline of 45% from the average daily volume of 129,961,719 shares. The stock had previously closed at $145.30.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: Wall Street commentary remains constructive for the long term, with Bernstein and Bank of America reportedly still seeing significant upside despite the recent pullback, and some analysts pointing to Starlink, Starship progress, and AI-related opportunities as potential catalysts. Article Title
Positive Sentiment: SpaceX gained another credibility boost after the FAA cleared the company to fly Starship again following its prior booster failure, supporting the company’s launch cadence and Starlink deployment plans. Article Title
Positive Sentiment: Institutional interest appears to be holding up, with reports that Cathie Wood bought tens of millions of dollars of SpaceX shares as the stock weakened, and that some lawmakers disclosed purchases around the IPO. Article Title
Neutral Sentiment: SpaceX’s recent Nasdaq-100 inclusion is driving discussion about ETF rebalancing and index demand, but the stock’s free-float structure means the passive-fund impact may be smaller than many investors expected. Article Title
Negative Sentiment: The main drag on SpaceX (SPCX) is renewed valuation pressure: multiple articles highlighted the stock falling below its debut/IPO area, record lows since listing, and a sharp post-IPO correction that has erased a large portion of its market value. Article Title
Negative Sentiment: Bearish commentary is also building around a possible lock-up/floating-share overhang, with critics warning that more tradable shares could hit the market and pressure the stock further. Article Title
Negative Sentiment: Several reports also tied the weakness to broader market pressure and negative sentiment around Musk’s ambitious AI and orbital-data-center plans, which some investors view as overhyped or difficult to execute. Article Title

Analyst Ratings Changes

Several equities analysts have commented on the company. Morgan Stanley initiated coverage on SpaceX in a research report on Tuesday, July 7th. They issued an “overweight” rating and a $300.00 price objective on the stock. Needham & Company LLC started coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $200.00 target price for the company. Zacks Research raised shares of SpaceX to a “hold” rating in a research note on Monday, June 15th. UBS Group initiated coverage on shares of SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $210.00 price objective for the company. Finally, Barclays upgraded shares of SpaceX from an “underweight” rating to an “overweight” rating in a research note on Monday, June 22nd. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SpaceX has an average rating of “Moderate Buy” and an average target price of $239.12.

Get Our Latest Stock Report on SpaceX

SpaceX Stock Down 4.6%

SpaceX (NASDAQ:SPCX – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($1.27) earnings per share for the quarter. The firm had revenue of $4.69 billion for the quarter.

Institutional Trading of SpaceX

Several hedge funds and other institutional investors have recently bought and sold shares of SPCX. Hyperion Asset Management Ltd purchased a new position in shares of SpaceX in the 2nd quarter valued at $201,137,000. Tema ETFs LLC bought a new stake in SpaceX during the second quarter valued at about $32,037,000. Teamwork Financial Advisors LLC purchased a new position in SpaceX in the second quarter valued at about $8,027,000. Heck Capital Advisors LLC bought a new position in SpaceX in the second quarter worth about $3,768,000. Finally, Dynamic Advisor Solutions LLC bought a new position in SpaceX in the second quarter worth about $3,383,000.

About SpaceX

(Get Free Report)

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.