SpaceX (NASDAQ:SPCX) Trading Up 2% – Here’s Why

Posted by Stanley Muller on Sep 13th, 2026

SpaceX (NASDAQ:SPCX – Get Free Report)’s stock price traded up 2% during mid-day trading on Friday . The stock traded as high as $151.85 and last traded at $151.21. Approximately 78,622,486 shares were traded during trading, a decline of 25% from the average daily volume of 104,493,406 shares. The stock had previously closed at $148.18.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: SpaceX CFO Bret Johnsen disclosed a new AI-computing agreement worth approximately $1.11 billion per month, or more than $13 billion in annual recurring revenue, beginning December 1. The contract strengthens management’s case for reaching its $100 billion annual recurring-revenue target. SpaceX Closes $1.11 Billion-a-Month Compute Deal
Positive Sentiment: Management expects Starship Flight 14 to generate revenue for the first time later this month, with the mission carrying production Starlink satellites. A successful revenue flight would mark progress from demonstrations toward a commercial launch business. Starship Revenue Flight 14
Positive Sentiment: Goldman Sachs reaffirmed a Buy rating and $220 price target, citing accelerating AI, Starship and Starlink growth. William Blair also maintained a bullish view tied to multibillion-dollar SpaceX AI contracts. Goldman Sachs Reaffirms Buy Rating
Positive Sentiment: Britain’s confirmation that it uses SpaceX’s military satellite network, alongside a reported Starshield contract and a successful Space Force launch, supports demand for the company’s government and defense services. Britain Uses SpaceX Military Network
Neutral Sentiment: SpaceX is reportedly reconsidering the pace and structure of its AI data-center buildout. A more efficient strategy could improve returns, but slower expansion could delay projected AI revenue growth. SpaceX Data-Center Buildout Report
Negative Sentiment: A 319-million-share lockup release has increased potential selling pressure, with additional shares reportedly scheduled to become tradable. SpaceX Lockup Release
Negative Sentiment: Some analysts and commentators warn that SpaceX’s valuation—reported at roughly 98 times sales—leaves little room for execution errors. Isar Aerospace’s successful orbital launch also highlights rising European competition. Isar Aerospace Reaches Orbit
Negative Sentiment: SpaceX’s lawsuit seeking to keep Texas Terafab tax-break records private may create reputational and regulatory concerns around its AI infrastructure expansion. SpaceX Terafab Records Lawsuit

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SPCX. Cfra started coverage on shares of SpaceX in a research report on Friday, June 12th. They set a “sell” rating and a $115.00 price objective on the stock. Morgan Stanley reiterated an “overweight” rating on shares of SpaceX in a research note on Wednesday, August 26th. New Street Research raised SpaceX to a “strong-buy” rating in a report on Thursday, June 11th. Raymond James Financial downgraded SpaceX from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, August 7th. Finally, Roth Capital upgraded SpaceX to a “buy” rating in a research report on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and an average price target of $221.06.

Get Our Latest Stock Analysis on SpaceX

SpaceX Price Performance

The stock has a market cap of $1.98 trillion and a price-to-earnings ratio of -1,680.11. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The stock’s 50-day simple moving average is $134.79.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wedbush Securities Inc. purchased a new position in SpaceX during the 2nd quarter valued at $5,094,000. Hyperion Asset Management Ltd purchased a new stake in SpaceX in the second quarter worth $201,137,000. K5 Global Advisor LLC purchased a new stake in SpaceX in the second quarter worth $6,587,531,000. Assenagon Asset Management S.A. bought a new stake in shares of SpaceX during the second quarter worth $2,502,000. Finally, Turner Financial Group Inc. bought a new stake in shares of SpaceX during the second quarter worth $1,228,000.

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.