SpaceX (NASDAQ:SPCX) Trading Up 2.2% – Should You Buy?

SpaceX (NASDAQ:SPCX)’s share price rose 2.2% during mid-day trading on Tuesday . The stock traded as high as $139.75 and last traded at $137.95. 52,491,367 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 111,423,930 shares. The stock had previously closed at $135.00.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Analyst targets imply substantial upside. JPMorgan reportedly reaffirmed an Overweight rating and raised or maintained a target around $240, while Morgan Stanley kept its Buy rating and $300 target. The recommendations cite SpaceX’s AI strategy, the Cursor acquisition, progress involving Grok, and the potential scale of its launch and satellite businesses. JPMorgan sets SpaceX stock price target
• Positive Sentiment: Louisiana Starbase expands SpaceX’s long-term capacity. The company plans to invest up to $100 billion in a 125,000-acre Louisiana spaceport with five launch complexes, potentially supporting thousands of Starship launches annually. Investors view the project as a way to accelerate Starship, satellite, and AI-in-orbit initiatives. Construction is expected to begin in 2027. SpaceX to develop Starship launch site in Louisiana
• Positive Sentiment: AI and Starlink are strengthening the growth narrative. Reports say SpaceX plans Nvidia-powered AI satellites as early as late 2027 and could develop orbital data centers. Starlink is reportedly adding more than 500,000 subscribers monthly, supporting the view that its connectivity business may provide an important commercial foundation. SpaceX Nvidia-powered AI satellites
• Neutral Sentiment: High-profile AI visibility may increase investor attention. CEO Elon Musk is scheduled to join leaders from Nvidia, OpenAI, and Meta at a G20 technology meeting next week. The event could highlight SpaceX’s AI ambitions but does not itself change near-term financial results. SpaceX leaders to join G20 event
• Negative Sentiment: Cybersecurity concerns create reputational and operational risk. Reuters reported that Russian-speaking criminals used SpaceX’s Cursor AI coding tool in attacks against at least seven companies. The report does not indicate that SpaceX itself was breached, but misuse of the tool could prompt scrutiny and weaken confidence in its AI expansion. Cybercriminals used SpaceX Cursor AI tool
• Negative Sentiment: Execution, capital spending, and valuation remain key risks. The Louisiana project’s enormous cost, environmental concerns, and the ambitious timeline for orbital AI data centers could pressure cash flow if delayed. Some commentary also argues that SPCX’s valuation leaves limited room for disappointment, while a rival-focused article favors Rocket Lab on lower capital intensity.

Analyst Upgrades and Downgrades

A number of research firms have commented on SPCX. Wells Fargo & Company reduced their price target on SpaceX from $230.00 to $215.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Cantor Fitzgerald reiterated an “overweight” rating and set a $246.00 price target on shares of SpaceX in a report on Wednesday, August 5th. KGI Securities lowered shares of SpaceX from an “outperform” rating to a “hold” rating in a research note on Monday, June 22nd. Daiwa Securities Group initiated coverage on SpaceX in a research note on Thursday, July 2nd. They set a “neutral” rating and a $175.00 price target on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of SpaceX in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.20.

SpaceX Stock Up 0.6%

The firm has a market capitalization of $1.84 trillion and a price-to-earnings ratio of -1,562.77. The stock has a 50-day simple moving average of $138.85. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The business’s revenue for the quarter was up 91.9% on a year-over-year basis. As a group, equities analysts predict that SpaceX will post -0.15 earnings per share for the current year.

Institutional Trading of SpaceX

Several hedge funds and other institutional investors have recently modified their holdings of the business. Hyperion Asset Management Ltd purchased a new stake in SpaceX during the 2nd quarter worth about $201,137,000. Assenagon Asset Management S.A. bought a new stake in SpaceX during the second quarter valued at $2,502,000. Sage Capital Advisors llc bought a new stake in SpaceX during the second quarter valued at approximately $3,254,000. Dynamic Advisor Solutions LLC purchased a new position in SpaceX in the 2nd quarter worth approximately $3,383,000. Finally, Canvas Wealth Advisors LLC purchased a new position in SpaceX in the 2nd quarter worth approximately $2,598,000.

SpaceX Company Profile

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.