SpaceX (NASDAQ:SPCX – Get Free Report) was up 7.4% on Friday. The company traded as high as $159.84 and last traded at $158.96. Approximately 119,165,402 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 102,789,625 shares. The stock had previously closed at $148.07.
SpaceX News Summary
Here are the key news stories impacting SpaceX this week:
- Positive Sentiment: SpaceX completed three launches in roughly 13 hours, including the Crew-13 mission to the International Space Station, which achieved the fastest U.S. crewed flight to the ISS. The company also launched Google’s Project Suncatcher AI satellite payload and deployed next-generation Starlink satellites, reinforcing confidence in its launch reliability and execution. SpaceX Just Launched 3 Rockets in 13 Hours
- Positive Sentiment: Elon Musk said SpaceX is cautiously optimistic that its Starmind orbital AI system could operate Nvidia hardware at approximately 250 kilowatts of average power, with higher peak output. The potential milestone supports the longer-term case for orbital data centers and broadens SpaceX’s growth story beyond rockets and Starlink. SpaceX Targets 250kW Nvidia AI System Power
- Positive Sentiment: Analyst commentary remains bullish, with published estimates indicating roughly 48% to 55% potential upside. Investors are also anticipating additional catalysts from Starship, Starlink expansion, defense contracts and AI infrastructure. SpaceX Stock Price Forecast
- Neutral Sentiment: The Pentagon’s decision to involve Musk in planning future weapons could strengthen SpaceX’s defense opportunity, but it may also increase political and regulatory scrutiny. SpaceX already has substantial defense exposure, making contract execution and government relationships important watch points. Pentagon Taps Elon Musk to Help Decide Future Weapons
- Negative Sentiment: Valuation remains a significant risk. Commentary suggests SpaceX may not become profitable until 2027, while its very high valuation leaves limited room for execution mistakes. Starship also reached orbit with engine-related problems, and Musk’s AI and orbital data-center targets remain aspirational rather than proven businesses. SpaceX Could Be Profitable in 2027, but Stock Looks Expensive
Wall Street Analyst Weigh In
Several research firms recently issued reports on SPCX. Bank of America started coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $235.00 price target on the stock. Wolfe Research reaffirmed an “outperform” rating and set a $175.00 target price on shares of SpaceX in a research report on Wednesday, August 26th. Phillip Securities upgraded SpaceX to a “strong sell” rating and set a $75.00 price target on the stock in a research note on Friday, July 31st. HSBC assumed coverage on SpaceX in a research note on Thursday, July 23rd. They set a “hold” rating and a $115.00 price objective for the company. Finally, Arete Research set a $450.00 target price on SpaceX in a research report on Tuesday, August 11th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seven have given a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $218.68.
SpaceX Trading Up 7.4%
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 has a market capitalization of $2.10 trillion and a price-to-earnings ratio of -1,766.22. The company’s 50-day moving average is $138.74.
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 analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. SpaceX’s quarterly revenue was up 91.9% on a year-over-year basis. On average, research analysts forecast that SpaceX will post 0.02 earnings per share for the current year.
Insider Buying and Selling at SpaceX
In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the sale, the chief operating officer owned 2,472,035 shares in the company, valued at $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Institutional Trading of SpaceX
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wedbush Securities Inc. acquired a new stake in SpaceX in the second quarter worth about $5,094,000. Hyperion Asset Management Ltd bought a new stake in shares of SpaceX during the 2nd quarter worth about $201,137,000. K5 Global Advisor LLC acquired a new stake in shares of SpaceX in the 2nd quarter worth approximately $6,587,531,000. Turner Financial Group Inc. bought a new position in shares of SpaceX in the second quarter valued at approximately $1,228,000. Finally, Rik Saylor Financial Inc. acquired a new position in shares of SpaceX during the second quarter valued at approximately $1,670,000.
About SpaceX
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.
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