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

SpaceX (NASDAQ:SPCX) shares traded down 1.1% during trading on Wednesday . The stock traded as low as $138.17 and last traded at $140.71. Approximately 49,602,426 shares were traded during trading, a decline of 53% from the average session volume of 105,537,625 shares. The stock had previously closed at $142.23.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Analysts raised their targets on AI growth. Oppenheimer lifted its SpaceX target to $280 from $250, while Bernstein set a $248 target and reportedly expects AI revenue to nearly quintuple in 2027. Both firms cited faster-than-expected AI usage and improving compute economics. Oppenheimer SpaceX target article
• Positive Sentiment: Defense adoption could expand SpaceX’s strategic opportunity. The Pentagon’s rollout of Starshield AI’s Grok supports the broader thesis that secure commercial AI and orbital infrastructure will receive more government spending. SpaceX’s reported revenue growth of nearly 92% year over year and its Starlink profitability provide additional support for the long-term story. Pentagon Grok rollout article
• Positive Sentiment: Power infrastructure plans reinforce the AI expansion narrative. Elon Musk said SpaceX is pursuing natural-gas turbine manufacturing to address electricity shortages that are delaying AI data-center growth. Investors view the move as a potential way for SpaceX to control a critical bottleneck and accelerate its compute ambitions. SpaceX natural gas turbine article
• Neutral Sentiment: Launch coverage provides visibility but limited immediate financial impact. Planned rocket launches over California and Arizona may highlight SpaceX’s operational capabilities, although a routine mission is unlikely to materially change near-term earnings. SpaceX California launch article
• Negative Sentiment: Data-center execution problems are the most immediate concern. SpaceX reportedly reshuffled its AI infrastructure leadership after reliability issues in Tennessee and Mississippi, with rocket and Starlink executives brought in as a September 30 deadline approaches for Google’s reported $920 million-per-month compute agreement. Delays or failure to meet the deadline could undermine projected AI revenue. SpaceX AI buildout article
• Negative Sentiment: Valuation and capital intensity remain significant risks. Reports highlight that SpaceX’s AI and space segments are loss-making, while AI capital spending reached roughly $15.8 billion in the latest quarter. The stock’s very high valuation leaves it vulnerable if growth expectations weaken. SpaceX capital spending article

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SPCX. Evercore assumed coverage on shares of SpaceX in a research note on Tuesday, July 14th. They set an “outperform” rating and a $230.00 price target on the stock. Zacks Research upgraded shares of SpaceX to a “hold” rating in a research report on Monday, June 15th. Seaport Research Partners cut shares of SpaceX from a “buy” rating to a “neutral” rating in a research note on Friday, August 7th. Canaccord Genuity Group began coverage on SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $246.00 target price for the company. Finally, Royal Bank Of Canada lowered shares of SpaceX from an “outperform” rating to a “hold” rating in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $221.20.

SpaceX Stock Down 1.1%

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 company has a market capitalization of $1.84 trillion and a P/E ratio of -1,563.44. The stock’s 50-day moving average price is $136.60.

SpaceX (NASDAQ:SPCX) 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. The business’s revenue was up 91.9% compared to the same quarter last year. On average, sell-side analysts expect that SpaceX will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On SpaceX

A number of large investors have recently modified their holdings of the company. Syntax Research Inc. acquired a new stake in SpaceX during the 2nd quarter worth approximately $26,000. Atwood & Palmer Inc. acquired a new stake in shares of SpaceX during the 2nd quarter valued at approximately $29,000. PayPay Securities Corp purchased a new stake in SpaceX during the second quarter worth $30,000. Marquette Asset Management LLC purchased a new stake in shares of SpaceX in the 2nd quarter worth about $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

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.