SpaceX (NASDAQ:SPCX) Trading Down 1% – Here’s What Happened

Posted by Stanley Muller on Sep 1st, 2026

SpaceX (NASDAQ:SPCX – Get Free Report) was down 1% during mid-day trading on Tuesday . The company traded as low as $141.17 and last traded at $142.23. 52,692,481 shares were traded during trading, a decline of 51% from the average session volume of 106,533,672 shares. The stock had previously closed at $143.69.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: AI power infrastructure creates a new growth angle. SpaceX is reportedly developing a Texas manufacturing operation for gas-turbine vanes and blades, aiming to accelerate power availability for AI data centers. Musk says the effort could shorten turbine deployment timelines by as much as 18 months, positioning SpaceX to benefit from the AI industry’s electricity bottleneck. SpaceX Goes Ultra-Vertical: Why Elon Musk Is Building Its Own Power Supply for AI
Positive Sentiment: Starlink is providing the company’s clearest operating profit. SpaceX’s connectivity segment reportedly generated approximately $1.66 billion in second-quarter operating profit, while Starlink’s rising earnings helped support the company’s latest results and the broader investment case for the stock. Starlink Made SpaceX’s Only Segment Profit
Positive Sentiment: Analyst and institutional enthusiasm remains supportive. Bernstein reiterated a bullish view, while ARK Invest purchased about $27 million of SPCX shares. Planned launches, progress toward Starship testing and a potential Starlink Mobile service add further catalysts. SpaceX’s Toughest Bet Could Cost $130 Billion
Neutral Sentiment: Upcoming corporate actions could increase volatility. A September 9 share unlock is expected to expand the public float to roughly 17.7%, potentially improving liquidity but also creating additional selling pressure. SpaceX is also reportedly outside VOO’s inclusion criteria until at least 2027. SpaceX Share Unlock
Negative Sentiment: Heavy AI investment is weighing on near-term profitability. The AI segment reportedly absorbed $15.8 billion, or 86% of quarterly capital spending, while the space and AI businesses together lost about $1.8 billion. The scale of spending, alongside a reported Dragon spacecraft leak that delayed an astronaut launch, reinforces execution and cash-burn concerns. SpaceX Capital Spending Concerns
Negative Sentiment: Valuation leaves SPCX vulnerable to a market pullback. Commentators warn that ambitious revenue projections and extremely high expectations may already be reflected in the stock, making shares sensitive to weaker markets, delays or disappointing AI returns.

Analyst Upgrades and Downgrades

SPCX has been the topic of several research reports. Benchmark began coverage on SpaceX in a report on Monday, June 22nd. They set a “buy” rating on the stock. William Blair reissued an “outperform” rating on shares of SpaceX in a research report on Friday, July 31st. Zacks Research raised shares of SpaceX to a “hold” rating in a report on Monday, June 15th. Evercore began coverage on SpaceX in a report on Tuesday, July 14th. They set an “outperform” rating and a $230.00 price target on the stock. Finally, Arete Research set a $450.00 price target on SpaceX in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and an average target price of $220.20.

Read Our Latest Research Report on SPCX

SpaceX Price Performance

The company has a market cap of $1.86 trillion and a PE ratio of -1,580.33. The company’s 50 day moving average price is $136.88. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12.

SpaceX (NASDAQ:SPCX – Get Free Report) last released its quarterly earnings data 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 during the quarter. The business’s revenue for the quarter was up 91.9% compared to the same quarter last year. Sell-side analysts predict that SpaceX will post -0.15 earnings per share for the current year.

Institutional Investors Weigh In On SpaceX

Hedge funds and other institutional investors have recently made changes to their positions in the business. Syntax Research Inc. purchased a new stake in SpaceX in the second quarter valued at approximately $26,000. Atwood & Palmer Inc. acquired a new position in shares of SpaceX during the second quarter worth about $29,000. PayPay Securities Corp purchased a new position in SpaceX in the 2nd quarter worth approximately $30,000. Marquette Asset Management LLC acquired a new stake in SpaceX during the 2nd quarter valued at $32,000. Finally, POM Investment Strategies LLC acquired a new stake in shares of SpaceX during the second quarter valued at about $39,000.

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.