SpaceX (NASDAQ:SPCX) Trading Down 3.1% – What’s Next?

Posted by Geri Gentry on Jul 18th, 2026

SpaceX (NASDAQ:SPCX – Get Free Report)’s share price fell 3.1% during mid-day trading on Thursday . The company traded as low as $130.74 and last traded at $131.11. 54,435,393 shares traded hands during trading, a decline of 55% from the average daily volume of 119,722,305 shares. The stock had previously closed at $135.27.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

Negative Sentiment: The Starship launch abort raised doubts about near-term technical progress and added pressure to the stock. SpaceX Starship rocket aborts before liftoff in 13th flight test attempt
Negative Sentiment: Short sellers have increased bets against SpaceX, with reports showing billions in paper profits as the shares slid below IPO price. Short sellers rack up $8.7 bln profit as SpaceX slips below IPO price -Ortex
Negative Sentiment: The stock has also been pressured by concerns about insider lockup expiration and questions over whether the current valuation is justified. SpaceX Is ‘Coming Back Down to Earth,’ Peter Schiff Warns Ahead of Insider Lockup Expiry

Analysts Set New Price Targets

Several research firms have issued reports on SPCX. Piper Sandler started coverage on SpaceX in a report on Wednesday. They set a “neutral” rating and a $156.00 price objective on the stock. Argus began coverage on shares of SpaceX in a report on Friday, June 26th. They set a “hold” rating on the stock. Daiwa Securities Group started coverage on shares of SpaceX in a research note on Thursday, July 2nd. They issued a “neutral” rating and a $175.00 price objective for the company. William Blair started coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set an “outperform” rating on the stock. Finally, Benchmark assumed coverage on shares of SpaceX in a research note on Monday, June 22nd. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $234.78.

Get Our Latest Report on SpaceX

SpaceX Price Performance

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

Institutional Investors Weigh In On SpaceX

Several large investors have recently modified their holdings of the stock. Atwood & Palmer Inc. bought a new stake in shares of SpaceX during the 2nd quarter valued at $29,000. Beacon Investment Advisory Services Inc. bought a new position in shares of SpaceX in the 2nd quarter worth $174,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of SpaceX during the second quarter worth $181,000. Teamwork Financial Advisors LLC acquired a new stake in shares of SpaceX during the second quarter worth $8,027,000. Finally, Ebert Capital Management Inc. bought a new stake in SpaceX in the second quarter valued at about $647,000.

SpaceX Company Profile

(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.