SpaceX (NASDAQ:SPCX) Trading 9.4% Higher on Strong Earnings

Posted by Brenda Bartman on Aug 4th, 2026

SpaceX (NASDAQ:SPCX – Get Free Report)’s stock price traded up 9.4% during trading on Tuesday following a better than expected earnings announcement. The stock traded as high as $126.71 and last traded at $125.33. Approximately 126,607,159 shares traded hands during mid-day trading, an increase of 23% from the average session volume of 102,527,750 shares. The stock had previously closed at $114.53.

The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: Starlink drove strong growth. Starlink generated approximately $4.29 billion in second-quarter revenue and remained SpaceX’s primary profit engine, supporting the investment case that satellite broadband can fund the company’s broader ambitions. SpaceX Stock Surges as Starlink Drives Revenue Growth
Positive Sentiment: Results beat expectations. The revenue and earnings-per-share “double beat,” together with a reported backlog of about $47.5 billion, gave investors evidence of continued demand across launch, satellite connectivity, and computing services. SpaceX Q2 Highlights
Positive Sentiment: AI and strategic partnerships are expanding the opportunity. Revenue from AI-related activities reached roughly $2.56 billion, supported in part by computing agreements with Anthropic and Google, although profitability remains unproven. SpaceX Revenue Growth from AI Deals and Starlink
Neutral Sentiment: Large Tesla Megapack purchases signal substantial infrastructure investment. SpaceX spent $295 million on Megapacks in the second quarter and $329 million year to date, potentially supporting its energy-intensive AI and data-center plans but also adding to capital requirements. SpaceX Megapack Purchases
Negative Sentiment: AI spending and capital expenditures are pressuring the stock. AI revenue was reportedly unprofitable, with the segment losing about $1.26 billion, while total capital expenditures surged. Investors are focused on whether Starlink’s margins can offset spending on AI, Starship, and other expansion projects. SpaceX Results Beat Expectations but AI Costs Hit Stock
Negative Sentiment: A major lockup expiration could increase selling pressure. Approximately 911 million shares are expected to become eligible for sale on August 6, more than doubling the public float. The event, combined with roughly $24.6 billion in short interest, could amplify swings in either direction. SpaceX Earnings and Share Unlock

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set an “overweight” rating and a $246.00 price objective on the stock. Raymond James Financial reissued a “strong-buy” rating on shares of SpaceX in a report on Monday, July 27th. HSBC assumed coverage on SpaceX in a research note on Thursday, July 23rd. They issued a “hold” rating and a $115.00 price target on the stock. Needham & Company LLC increased their target price on SpaceX from $200.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of SpaceX in a research report on Tuesday, July 28th. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $230.50.

View Our Latest Report on SpaceX

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SPCX. Atwood & Palmer Inc. bought a new position in SpaceX during the second quarter valued at approximately $29,000. Marquette Asset Management LLC bought a new stake in SpaceX in the 2nd quarter worth approximately $32,000. Burkett Financial Services LLC purchased a new stake in shares of SpaceX during the 2nd quarter worth approximately $70,000. Contravisory Investment Management Inc. purchased a new stake in shares of SpaceX during the 2nd quarter worth approximately $73,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SpaceX during the 2nd quarter valued at approximately $89,000.

SpaceX Stock Up 9.4%

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.