SpaceX (NASDAQ:SPCX) Trading Down 2% – Should You Sell?

Posted by Brenda Bartman on Sep 14th, 2026

SpaceX (NASDAQ:SPCX – Get Free Report)’s stock price traded down 2% during mid-day trading on Monday . The stock traded as low as $146.00 and last traded at $148.15. Approximately 67,407,715 shares were traded during mid-day trading, a decline of 35% from the average session volume of 104,005,219 shares. The stock had previously closed at $151.21.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: SpaceX is pursuing an AI-compute hosting model, including an unnamed customer expected to generate approximately $1.11 billion in monthly revenue, or a $13.3 billion annualized run rate. Analysts have consequently raised some 2027 revenue forecasts toward $100 billion. SpaceX Focuses on Compute-Renting Model
Positive Sentiment: Elon Musk expressed high confidence that SpaceX will launch Nvidia AI computers into orbit in 2027. Success could establish a differentiated space-computing business and strengthen the investment case, although the schedule remains ambitious. Elon Musk Highly Confident in Nvidia AI Computer Launch
Positive Sentiment: The successful 700th Falcon mission reinforces SpaceX’s launch reliability and commercial revenue base. A higher Nasdaq-100 weighting could also create additional buying from index-tracking funds. SpaceX to Get Nasdaq-100 Weighting Boost
Neutral Sentiment: Investors are debating whether Starship capacity should prioritize near-term Starlink launches or longer-term lunar and research missions. The choice could affect near-term revenue and strategic milestones. SpaceX Faces Starship Capacity Dilemma
Neutral Sentiment: SpaceX is reportedly overhauling xAI data-center infrastructure after reliability problems, highlighting both the scale of its AI opportunity and the operational challenges of expanding compute capacity. SpaceX Overhauls xAI Data Center Infrastructure
Negative Sentiment: Bearish commentary focuses on SPCX’s exceptionally high valuation, substantial capital requirements and credit risk as SpaceX funds rockets, satellites and AI infrastructure simultaneously. The post-IPO lockup expiration could also increase selling pressure and volatility. David Einhorn Warns About SpaceX Capital Needs
Negative Sentiment: A broader pullback in AI-related stocks is weighing on investor sentiment, while delays in rockets and uncertainty around orbital-computing economics make the aggressive revenue projections difficult to underwrite. AI Trade Stumbles as CEOs Discuss Model Slowdown

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SPCX shares. Wells Fargo & Company reduced their price objective on shares of SpaceX from $215.00 to $212.00 and set an “overweight” rating for the company in a report on Tuesday, September 8th. Arete Research set a $450.00 target price on shares of SpaceX in a research note on Tuesday, August 11th. TD Cowen initiated coverage on shares of SpaceX in a research note on Monday, June 22nd. They issued a “buy” rating for the company. Citigroup cut shares of SpaceX from a “buy” rating to a “sell” rating in a report on Friday, August 7th. Finally, KeyCorp reiterated a “sector weight” rating on shares of SpaceX in a research note on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $221.42.

View Our Latest Report on SpaceX

SpaceX Stock Performance

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 stock’s fifty day moving average price is $134.79. The firm has a market capitalization of $1.94 trillion and a P/E ratio of -1,646.11.

SpaceX (NASDAQ:SPCX – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (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 was up 91.9% on a year-over-year basis. On average, equities analysts anticipate that SpaceX will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On SpaceX

Several hedge funds have recently modified their holdings of SPCX. SC US Ttgp LTD. purchased a new stake in shares of SpaceX in the second quarter valued at $20,933,621,000. Darsana Capital Partners LP acquired a new position in SpaceX in the second quarter worth approximately $17,335,783,000. K5 Global Advisor LLC acquired a new position in shares of SpaceX during the 2nd quarter worth $6,587,531,000. Dragoneer Investment Group LLC bought a new position in SpaceX during the second quarter valued at about $1,366,880,000. Finally, National Pension Service acquired a new stake in SpaceX in the 2nd quarter worth approximately $598,010,000.

About SpaceX

(Get Free Report)

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems, serving commercial, government and scientific customers.

SpaceX’s principal products include the Falcon 9 and Falcon Heavy rockets, which are used to launch satellites, spacecraft and other payloads into orbit. The company also develops the Dragon spacecraft, which supports cargo and crew missions to low Earth orbit, including missions for NASA and other customers.

Through its Starlink business, SpaceX operates a large constellation of low Earth orbit satellites that provides broadband internet service to customers in numerous countries and regions.