SpaceX (NASDAQ:SPCX) Stock Falls 1.8% – Time to Sell?

Posted by Francis Steltz on Oct 1st, 2026

SpaceX (NASDAQ:SPCX – Get Free Report) shares fell 1.8% during mid-day trading on Thursday. The stock traded as low as $146.03 and last traded at $148.07. 68,598,065 shares changed hands during trading, a decline of 33% from the average daily volume of 102,478,352 shares. The stock had previously closed at $150.86.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: Starship reached orbit for the first time. The milestone included deployment of 26 next-generation Starlink satellites, strengthening the long-term case for higher launch capacity, faster Starlink expansion and lower costs if SpaceX can achieve rapid reuse. However, engine problems shortened the mission. Starship reached orbit but experienced engine problems
Positive Sentiment: A busy launch schedule is supporting investor enthusiasm. SpaceX successfully launched NASA’s Crew-13 mission to the International Space Station and is conducting multiple missions close together, highlighting operational reliability and launch cadence. NASA and SpaceX launch Crew-13
Positive Sentiment: Space-based AI infrastructure is becoming a new growth narrative. SpaceX launched Google’s first orbital AI-computing prototype, while reports point to plans for data centers in space. The initiative could create a new revenue stream beyond launches and Starlink, although Google reportedly believes thousands of Starship launches would be required for large-scale deployment. SpaceX launches Google AI chips into orbit
Positive Sentiment: Defense and commercial demand are adding support. Elon Musk was tapped to help lead a Pentagon project focused on future military weapons, and Filtronic announced a record $68.1 million follow-on SpaceX order for communications equipment. Analysts including Needham, UBS and TD Cowen have maintained favorable views, with targets above the current trading level. Filtronic lands a record SpaceX order
Neutral Sentiment: Coverage continues to compare SpaceX with prospective AI IPO Anthropic and debate whether SpaceX’s roughly $2 trillion valuation can be justified by Starlink, launch services and AI-compute growth.
Negative Sentiment: Execution and valuation risks remain significant. Starship’s engine issues show that orbital success is not yet equivalent to reliable, reusable service. The stock’s elevated valuation leaves limited room for delays, while increased short interest and the company’s ongoing losses could amplify volatility. Insurer discusses the importance of Starship reuse

Analyst Ratings Changes

Several research firms have weighed in on SPCX. Mizuho assumed coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set an “outperform” rating and a $200.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating on shares of SpaceX in a research note on Wednesday. Piper Sandler dropped their price objective on shares of SpaceX from $156.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Evercore began coverage on SpaceX in a research report on Tuesday, July 14th. They set an “outperform” rating and a $230.00 price target for the company. Finally, Argus upgraded SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Friday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seven have assigned a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.68.

Get Our Latest Analysis on SpaceX

SpaceX Price Performance

The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average is $138.15. The company has a market capitalization of $1.95 trillion and a P/E ratio of -1,645.22.

SpaceX (NASDAQ:SPCX – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. The firm’s revenue was up 91.9% compared to the same quarter last year. As a group, equities analysts expect that SpaceX will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hedge Funds Weigh In On SpaceX

Large investors have recently added to or reduced their stakes in the stock. Syntax Research Inc. acquired a new stake in shares of SpaceX in the second quarter valued at about $26,000. Atwood & Palmer Inc. acquired a new position in shares of SpaceX during the 2nd quarter worth about $29,000. PayPay Securities Corp purchased a new position in SpaceX in the 2nd quarter valued at about $30,000. Marquette Asset Management LLC acquired a new stake in SpaceX in the 2nd quarter worth about $32,000. Finally, Community Bank N.A. purchased a new stake in SpaceX during the 2nd quarter worth approximately $38,000.

SpaceX Company Profile

(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 designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.