SpaceX (NASDAQ:SPCX) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of SpaceX (NASDAQ:SPCX) from a hold rating to a sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.

SPCX has been the topic of a number of other research reports. Barclays upgraded shares of SpaceX from an “underweight” rating to an “overweight” rating in a report on Monday, June 22nd. Benchmark initiated coverage on SpaceX in a report on Monday, June 22nd. They set a “buy” rating for the company. Morgan Stanley reissued an “overweight” rating on shares of SpaceX in a research note on Tuesday, September 29th. KeyCorp restated a “sector weight” rating on shares of SpaceX in a report on Tuesday, July 28th. Finally, Guggenheim began coverage on SpaceX in a research report on Friday, August 7th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seven have given a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $218.68.

SpaceX Trading Up 7.6%

Shares of SPCX stock opened at $171.09 on Friday. 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 company’s fifty day simple moving average is $140.77. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The company has a market cap of $2.26 trillion and a price-to-earnings ratio of -1,901.00.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. The business’s revenue for the quarter was up 91.9% compared to the same quarter last year. On average, equities analysts predict that SpaceX will post 0.02 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SPCX. SC US Ttgp LTD. bought a new position in SpaceX in the 2nd quarter valued at $20,933,621,000. Darsana Capital Partners LP purchased a new position in shares of SpaceX in the 2nd quarter worth about $17,335,783,000. K5 Global Advisor LLC bought a new position in SpaceX during the second quarter valued at about $6,587,531,000. State Street Corp bought a new position in SpaceX during the second quarter valued at about $1,858,329,000. Finally, Dragoneer Investment Group LLC purchased a new stake in SpaceX during the second quarter worth about $1,366,880,000.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Launch momentum strengthened the investment case. SpaceX recently completed a crewed NASA mission, sent Google AI chips into orbit and conducted multiple launches in a short period. Starship Flight 14 reportedly reached orbit and deployed payloads, an important milestone for future launch economics, NASA missions and potential commercial applications. CNBC SpaceX stock article
• Positive Sentiment: Morgan Stanley reiterated a bullish outlook. Analyst Adam Jonas maintained a Buy/Overweight view and a $300 price target, arguing that SpaceX looks undervalued on a growth-adjusted basis. The thesis emphasizes Starlink cash generation, AI-computing demand and the company’s potential role in addressing power and chip bottlenecks. Morgan Stanley SpaceX price target article
• Positive Sentiment: AI and semiconductor expansion created additional upside expectations. SpaceX has reportedly discussed leasing AI-computing capacity to Microsoft, while Elon Musk confirmed talks with TSMC related to a potential dedicated “Terafab” chip facility serving his companies. Neither initiative is finalized, but investors see them as potential long-term revenue drivers. SpaceX TSMC partnership article
• Neutral Sentiment: SpaceX proposed a natural-gas pipeline near Cape Canaveral to support launch operations. The project signals preparations for greater launch activity, but it requires regulatory approval and could create environmental and permitting concerns. Reuters Florida pipeline article
• Negative Sentiment: Valuation and execution risks remain substantial. Commentary cautioned that the stock already reflects significant success, while Starship, AI infrastructure and satellite expansion require heavy capital spending. Negative publicity surrounding Musk and his government involvement could also pressure the shares, particularly given SpaceX’s highly speculative valuation.

SpaceX Company Profile

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 designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.