SpaceX (NASDAQ:SPCX) Trading 1.2% Higher – What’s Next?

SpaceX (NASDAQ:SPCX) traded up 1.2% during trading on Wednesday . The company traded as high as $140.18 and last traded at $139.63. 59,073,625 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 110,389,375 shares. The stock had previously closed at $137.95.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Large long-term growth projections: CEO Elon Musk said SpaceX could exceed $3 trillion in annual revenue by 2033, substantially earlier than Morgan Stanley’s 2040 estimate. The investment bank reportedly considers the shares attractively valued and maintains a $300 price target. Elon Musk Touts $3.5 Trillion Revenue For SpaceX By 2033
• Positive Sentiment: Starbase Louisiana could expand launch capacity: SpaceX plans a roughly $100 billion Starship complex with five launch complexes, construction beginning in 2027 and an initial launch targeted for 2029. Investors view the project as a potential enabler of Starlink growth, orbital computing and larger launch volumes. SpaceX’s $100 billion spaceport plan
• Positive Sentiment: Analyst support and operating momentum: Morgan Stanley reiterated a Buy rating with a $300 target, while SpaceX’s latest quarterly loss of $0.09 per share beat the $0.26 consensus loss. Revenue reached $7.81 billion, up 91.9% year over year.
• Positive Sentiment: AI and Starlink catalysts: Nvidia is becoming a major SpaceX customer, with analysts estimating SpaceX may represent about $4.8 billion, or 5%, of Nvidia’s quarterly revenue. Starlink is reportedly adding more than 500,000 subscribers monthly, strengthening the company’s recurring-revenue base.
• Positive Sentiment: Starship recovery: Recovery of Ship 40 after its first intact ocean landing provides engineering data ahead of another test and supports the company’s reusable-launch ambitions. SpaceX completes Ship 40 recovery
• Neutral Sentiment: SpaceX will offer residents near the Louisiana site Starlink service at 50% off. The move may aid local adoption but is unlikely to materially affect companywide results. Starlink half-price offer
• Neutral Sentiment: Prediction markets give Anthropic a 63% chance of surpassing SpaceX as 2026’s largest IPO. This affects IPO headlines more than SpaceX’s operations or earnings.
• Negative Sentiment: Funding and execution risks: Analysts question how SpaceX will finance the Louisiana buildout, potentially requiring substantial debt. The ambitious Starship and orbital-data-center timelines also appear aggressive relative to prior regulatory disclosures.
• Negative Sentiment: Cybersecurity and reputational risk: SpaceX-owned Cursor AI was reportedly used by Russian-speaking criminals to breach multiple organizations, raising questions about safeguards, liability and enterprise adoption. Cybercriminals used Cursor AI
• Negative Sentiment: Some analysts argue that the stock’s extreme valuation and negative earnings make the projected upside dependent on successful execution of highly speculative AI, satellite and Starship plans.

Wall Street Analyst Weigh In

SPCX has been the subject of several recent analyst reports. Stifel Nicolaus initiated coverage on SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $190.00 price target for the company. HSBC began coverage on shares of SpaceX in a research report on Thursday, July 23rd. They set a “hold” rating and a $115.00 price objective on the stock. Cfra assumed coverage on shares of SpaceX in a report on Friday, June 12th. They issued a “sell” rating and a $115.00 target price for the company. Raymond James Financial downgraded shares of SpaceX from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, August 7th. Finally, Wedbush initiated coverage on shares of SpaceX in a report on Tuesday, June 30th. They set an “outperform” rating and a $190.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have issued a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.20.

SpaceX Stock Up 0.9%

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 firm has a market capitalization of $1.84 trillion and a PE ratio of -1,565.22. The firm’s fifty day simple moving average is $137.97.

SpaceX (NASDAQ:SPCX) last released 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 business had revenue of $7.81 billion during the quarter. The firm’s quarterly revenue was up 91.9% compared to the same quarter last year. On average, equities analysts expect that SpaceX will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of SpaceX

A number of large investors have recently made changes to their positions in the stock. Syntax Research Inc. purchased a new position in shares of SpaceX during the second quarter valued at approximately $26,000. Atwood & Palmer Inc. purchased a new stake in SpaceX in the second quarter worth approximately $29,000. PayPay Securities Corp purchased a new stake in SpaceX during the 2nd quarter valued at $30,000. Marquette Asset Management LLC bought a new position in shares of SpaceX during the 2nd quarter valued at $32,000. Finally, POM Investment Strategies LLC purchased a new position in shares of SpaceX in the 2nd quarter worth $39,000.

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.