SpaceX (NASDAQ:SPCX) Shares Up 6.4% – Still a Buy?

Posted by Brenda Bartman on Sep 3rd, 2026

SpaceX (NASDAQ:SPCX – Get Free Report)’s stock price was up 6.4% during mid-day trading on Thursday . The company traded as high as $152.30 and last traded at $149.74. 120,576,050 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 105,802,383 shares. The stock had previously closed at $140.71.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: AI growth is the main bullish catalyst. Oppenheimer raised its price target to $280 from $250, while Bernstein set a $248 target, citing rapidly expanding AI revenue and demand for SpaceX computing capacity. Elon Musk said Google, Anthropic and other customers are leasing SpaceX compute because power availability is limiting AI expansion. SpaceX’s big AI advantage is why this analyst thinks the stock could double
Positive Sentiment: Strong operating momentum supports the rebound. SpaceX’s latest results showed revenue of $7.8 billion, up 92% year over year, with adjusted EBITDA of $3.5 billion. Starlink subscribers reportedly doubled to 12 million, while AI revenue rose sharply and the segment became EBITDA-positive. Investors are increasingly viewing the company as a combined space, connectivity and AI-infrastructure platform. Why Is SpaceX Up Since Last Earnings Report?
Positive Sentiment: Starship Test 14 is providing a near-term trading catalyst. Investors are positioning ahead of a test targeted for September 15, helping lift SpaceX and other space stocks. A successful test could reinforce expectations for lower launch costs and greater demand for satellite and orbital infrastructure. SpaceX Rises as Starship Test 14 Approaches
Neutral Sentiment: Anthropic’s potential IPO highlights both opportunity and competition. A public offering by the AI company could attract capital toward the AI sector and validate demand for compute, but it would also give investors a direct alternative to highly valued SPCX shares. Anthropic Is Reportedly Gearing Up for an IPO
Negative Sentiment: Heavy spending and extreme valuation remain the key concerns. SpaceX reportedly spent $18.4 billion in the quarter, including substantial AI investment, remains GAAP-loss-making and may sustain elevated capital expenditures. Commentators note that the stock’s valuation leaves little room for execution mistakes. Wall Street Thinks SpaceX Is a Buy
Negative Sentiment: AI infrastructure execution is under scrutiny. SpaceX reportedly reshuffled data-center leadership after reliability problems and delays, with a major Google compute contract facing a September 30 deadline. Potential contract exits could weaken the AI growth narrative. SpaceX AI Buildout Shows Cracks
Negative Sentiment: Regulatory, political and reputational risks are increasing. Reports cite U.S.-EU tensions, community opposition to Mississippi data centers and possible environmental litigation. Investors must also monitor insider share unlocks and Elon Musk’s key-person risk.

Wall Street Analyst Weigh In

SPCX has been the topic of a number of recent research reports. Zacks Research raised SpaceX to a “hold” rating in a research report on Monday, June 15th. Royal Bank Of Canada cut SpaceX from an “outperform” rating to a “hold” rating in a research note on Friday, August 7th. Raymond James Financial downgraded shares of SpaceX from a “strong-buy” rating to a “strong sell” rating in a report on Friday, August 7th. Piper Sandler cut their target price on shares of SpaceX from $156.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Finally, Stifel Nicolaus began coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $190.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $221.20.

Check Out Our Latest Stock Analysis on SPCX

SpaceX Stock Up 6.4%

The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The company has a market cap of $1.96 trillion and a P/E ratio of -1,663.78. The company’s 50-day simple moving average is $136.33.

SpaceX (NASDAQ:SPCX – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The business’s revenue was up 91.9% on a year-over-year basis. As a group, equities analysts anticipate that SpaceX will post -0.15 EPS for the current fiscal year.

Institutional Trading of SpaceX

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Syntax Research Inc. purchased a new stake in SpaceX in the 2nd quarter worth approximately $26,000. Atwood & Palmer Inc. bought a new position in shares of SpaceX in the second quarter worth $29,000. PayPay Securities Corp purchased a new stake in shares of SpaceX in the second quarter worth $30,000. Marquette Asset Management LLC bought a new stake in SpaceX during the second quarter valued at $32,000. Finally, POM Investment Strategies LLC purchased a new position in SpaceX during the second quarter worth about $39,000.

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.