Shares of SpaceX (NASDAQ:SPCX – Get Free Report) fell 4% during trading on Thursday . The company traded as low as $130.39 and last traded at $134.00. 119,102,807 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 114,443,703 shares. The stock had previously closed at $139.65.
SpaceX News Summary
Here are the key news stories impacting SpaceX this week:
- Positive Sentiment: Starlink surpassed 11,000 satellites after SpaceX completed its 100th launch of 2026, reinforcing the scale and growth potential of its satellite-internet business. As Starlink Passes 11,000 Satellites, These 5 Stocks Will Feel It First
- Positive Sentiment: Analyst Adam Jonas of Morgan Stanley expects SpaceX to rally to a new all-time high over the next 12 months. Other reported analyst targets also imply substantial upside, helping offset near-term selling concerns. Wall Street analyst sets SpaceX stock price target for 12 months
- Positive Sentiment: SpaceX is expanding its AI strategy through xAI, Grok and coding-focused applications such as Cursor. Investors see potential for AI monetization alongside Starlink and aerospace operations. Grok 4.6 Matches the Frontier Models at a 60% Discount
- Positive Sentiment: The company is reportedly benefiting from lucrative government contracts and a favorable deregulatory environment, potentially supporting revenue growth across launch, communications and defense markets. SpaceX Is Racking Up Wins in Washington
- Neutral Sentiment: Musk says SpaceX could attempt the first Starship tower catch within the next few months. A successful test would be a major technological milestone, although prediction-market skepticism highlights continued execution risk. Elon Musk Reveals When SpaceX Will Attempt to Catch Starship
- Negative Sentiment: Approximately 319 million shares—about 7% of insider-held stock—became eligible for trading. The additional potential supply created selling pressure, with more unlock waves still expected. SpaceX Stock Slips as 319 Million New Shares Come to Market
- Negative Sentiment: Investors reacted negatively to reports that the Starship upper-stage catch attempt may be delayed by several months, pushing back a key reusability milestone. SpaceX Shares Decline as Starship Catch Timeline Extends
- Negative Sentiment: Critics continue to flag SpaceX’s very high valuation, heavy capital spending and ongoing losses. A fair-value estimate was reportedly reduced to $213.50, underscoring disagreement over how much value to assign to AI, Starlink and Starship ambitions. Space Exploration Technologies Stock Gets Fair Value Trim
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Moffett Nathanson started coverage on shares of SpaceX in a research report on Tuesday, July 7th. They issued a “neutral” rating and a $131.00 target price for the company. Roth Capital upgraded shares of SpaceX to a “buy” rating in a research note on Monday, June 22nd. HSBC began coverage on SpaceX in a report on Thursday, July 23rd. They issued a “hold” rating and a $115.00 price objective for the company. Daiwa Securities Group initiated coverage on SpaceX in a research report on Thursday, July 2nd. They issued a “neutral” rating and a $175.00 target price on the stock. Finally, Phillip Securities upgraded SpaceX to a “strong sell” rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.34.
SpaceX Trading Down 4.0%
The stock has a market cap of $1.75 trillion and a P/E ratio of -1,488.89. The firm has a 50 day moving average price of $142.98. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29.
SpaceX (NASDAQ:SPCX – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. The company’s revenue was up 91.9% compared to the same quarter last year. As a group, equities research analysts predict that SpaceX will post -0.15 EPS for the current year.
Hedge Funds Weigh In On SpaceX
Large investors have recently modified their holdings of the stock. Hyperion Asset Management Ltd acquired a new stake in shares of SpaceX during the 2nd quarter worth about $201,137,000. Tema ETFs LLC bought a new position in SpaceX in the 2nd quarter valued at about $32,037,000. Montanova Capital LLC acquired a new stake in SpaceX during the second quarter worth approximately $17,291,000. Teamwork Financial Advisors LLC bought a new stake in shares of SpaceX during the second quarter worth approximately $8,027,000. Finally, Wedbush Securities Inc. bought a new stake in shares of SpaceX during the second quarter worth approximately $5,094,000.
About SpaceX
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.
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