SpaceX (NASDAQ:SPCX) Stock Price Down 3.4% – What’s Next?

Posted by George Bondi on Aug 2nd, 2026

Shares of SpaceX (NASDAQ:SPCX – Get Free Report) fell 3.4% during trading on Friday . The stock traded as low as $107.57 and last traded at $108.37. 58,054,374 shares changed hands during trading, a decline of 43% from the average session volume of 102,655,320 shares. The stock had previously closed at $112.20.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: The U.S. Space Force awarded SpaceX two task orders worth approximately $1.6 billion for 18 Falcon 9 launches carrying national-security satellites. The contract adds substantial visibility to SpaceX’s launch revenue and reinforces its strategic role with the U.S. government. SpaceX turns heads ahead of earnings with new mega deal
Positive Sentiment: SpaceX’s Starlink V3 satellite demonstration drew favorable attention from Elon Musk and Jim Cramer, supporting the long-term growth case for the company’s satellite-internet business. Starlink has also been described by Bill Ackman as a near monopoly, although he has not purchased the stock. Jim Cramer praises Starlink V3 progress
Positive Sentiment: Ark Invest reportedly bought about $14.5 million of SpaceX shares, signaling that Cathie Wood remains willing to buy into the substantial pullback and SpaceX’s long-term space and AI opportunities. Cathie Wood buys SpaceX shares
Neutral Sentiment: SpaceX and Tesla merger speculation intensified after reports that Tesla could sell or spin off its China business to facilitate a transaction. Elon Musk called the report “absurdly fake news,” making the potential deal highly uncertain. Tesla weighs China business sale for potential SpaceX merger
Neutral Sentiment: SpaceX is scheduled to report its second-quarter results on Aug. 4, its first quarterly report as a public company. Investors will focus on revenue growth, profitability, debt, AI-related spending, Starlink momentum and forward guidance. Barchart outlook ahead of SpaceX earnings
Negative Sentiment: Short-selling activity has risen ahead of earnings and the expected share unlock, indicating that traders anticipate additional selling pressure or disappointing guidance. Morgan Stanley maintained an Overweight rating but warned that an estimated $100 billion of shares could become available. Short sellers increase bets ahead of earnings
Negative Sentiment: A five-star Phillip Securities analyst issued a sell recommendation, citing valuation concerns and the risk that substantial future growth is already reflected in SPCX’s price. Analyst recommends selling SpaceX stock
Negative Sentiment: Investors remain concerned that SpaceX is unprofitable, carries significant expansion needs and faces execution risks in Starship and AI infrastructure. Those concerns have pushed the stock well below its post-IPO peak and below its IPO reference price.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Seaport Research Partners upgraded SpaceX to a “buy” rating in a research report on Monday, June 22nd. Moffett Nathanson assumed coverage on SpaceX in a report on Tuesday, July 7th. They issued a “neutral” rating and a $131.00 target price on the stock. Benchmark initiated coverage on SpaceX in a report on Monday, June 22nd. They set a “buy” rating for the company. Royal Bank Of Canada initiated coverage on SpaceX in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $225.00 price target for the company. Finally, Daiwa Securities Group began coverage on SpaceX in a research note on Thursday, July 2nd. They issued a “neutral” rating and a $175.00 price target on the stock. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $230.50.

Check Out Our Latest Report on SpaceX

SpaceX Stock Down 3.4%

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 firm had revenue of $4.69 billion during the quarter.

Institutional Trading of SpaceX

A number of hedge funds have recently made changes to their positions in the stock. Hyperion Asset Management Ltd acquired a new stake in shares of SpaceX during the second quarter worth approximately $201,137,000. Tema ETFs LLC acquired a new position in SpaceX in the 2nd quarter valued at approximately $32,037,000. Teamwork Financial Advisors LLC purchased a new stake in SpaceX in the 2nd quarter worth approximately $8,027,000. Heck Capital Advisors LLC purchased a new position in shares of SpaceX during the 2nd quarter valued at $3,768,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of SpaceX during the 2nd quarter valued at $3,383,000.

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.