SpaceX (NASDAQ:SPCX) Trading Down 1.1% – Here’s Why

Posted by Brenda Bartman on Sep 4th, 2026

SpaceX (NASDAQ:SPCX – Get Free Report)’s share price fell 1.1% during trading on Wednesday . The company traded as low as $138.17 and last traded at $140.71. Approximately 49,602,426 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 105,537,625 shares. The stock had previously closed at $142.23.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: Analyst targets point to substantial upside. Oppenheimer raised its SpaceX price target to $280 from $250, while Bernstein set a $248 target, citing stronger-than-expected AI demand, accelerating compute revenue, and improving economics. These targets imply considerable appreciation from the recent trading range. Oppenheimer SpaceX price target article
Positive Sentiment: Starship Test 14 is becoming a near-term catalyst. Reports indicate the flight could occur within days, with regulatory filings pointing to a potential September 15 launch window. A successful test could reinforce SpaceX’s long-term launch, satellite, and space-infrastructure outlook; a failure would likely increase volatility. Starship Test 14 article
Positive Sentiment: AI and Starlink growth are strengthening the investment narrative. SpaceX reported quarterly revenue of approximately $7.8 billion, up about 92% year over year, while Starlink added 1.7 million subscribers in the second quarter. Reports also highlight rapidly growing AI-compute demand from major technology customers, giving investors a broader growth story beyond rockets. SpaceX Starlink subscriber growth article
Positive Sentiment: Potential Tesla combination speculation is adding to optimism. Investor Ross Gerber said he assigns a high probability to a Tesla-SpaceX merger and described a combined company as a potentially essential global investment. This remains speculation rather than a confirmed transaction, but it supports the broader “Musk ecosystem” narrative. Tesla and SpaceX merger speculation article
Neutral Sentiment: SpaceX is expanding its physical footprint. Plans for a large Louisiana spaceport and additional AI-data-center infrastructure could support future capacity, but they also require significant capital spending and remain subject to execution, permitting, and community concerns. SpaceX Louisiana spaceport article
Negative Sentiment: Valuation and execution risks remain significant. Critics argue that the stock’s valuation assumes exceptional future growth despite continuing losses and heavy investment. Reports also cite data-center reliability issues, exceptionally high AI-related capital spending, possible insider share unlocks, and the key-person risk associated with Elon Musk. SpaceX key-person risk article

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SPCX shares. Deutsche Bank Aktiengesellschaft started coverage on SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $255.00 target price for the company. William Blair reaffirmed an “outperform” rating on shares of SpaceX in a research report on Friday, July 31st. Weiss Ratings began coverage on shares of SpaceX in a research report on Tuesday. They issued a “sell (d)” rating on the stock. Benchmark began coverage on shares of SpaceX in a research note on Monday, June 22nd. They issued a “buy” rating for the company. Finally, HSBC began coverage on shares of SpaceX in a report on Thursday, July 23rd. They set a “hold” rating and a $115.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $221.20.

View Our Latest Analysis on SPCX

SpaceX Price Performance

The firm has a fifty day simple moving average of $136.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The firm has a market capitalization of $1.96 trillion and a price-to-earnings ratio of -1,663.78.

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, beating 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, sell-side analysts anticipate that SpaceX will post -0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

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.