SpaceX (NASDAQ:SPCX) Stock Price Up 3.7% – Still a Buy?

SpaceX (NASDAQ:SPCX)’s share price rose 3.7% during trading on Tuesday . The stock traded as high as $155.00 and last traded at $153.47. 85,219,103 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 104,381,898 shares. The stock had previously closed at $147.95.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Pivotal Research initiated coverage with a Buy rating and a $220 price target, implying substantial upside from recent trading levels. The bullish thesis centers on successfully making Starship rapidly reusable, which could lower launch costs, expand launch capacity and support Starlink growth. Pivotal Research launches SpaceX coverage
• Positive Sentiment: Potential Nasdaq-100 inclusion or a higher index weighting could generate about $15.5 billion of passive buying, creating a significant technical catalyst for SPCX. SpaceX potential Nasdaq-100 passive buying
• Positive Sentiment: Wells Fargo maintained an Overweight rating and trimmed its target only slightly, from $215 to $212. Investor interest is also supported by more than $7 billion in reported institutional inflows over the past year. SpaceX institutional inflows
• Positive Sentiment: Recent operating momentum remains strong: quarterly revenue rose 91.9% year over year to $7.81 billion, while earnings exceeded analyst expectations. Starlink expansion and plans for a higher Starship launch cadence provide additional long-term growth potential.
• Neutral Sentiment: A September 9 lock-up expiration could release approximately 319 million insider shares. It may increase liquidity and broaden ownership, but investors are watching for selling pressure and volatility. SpaceX lock-up expiration
• Negative Sentiment: The bullish valuation case rests heavily on Starship reusability. Delays or failed tests could undermine launch-cost reductions, Starlink expansion and the $2 trillion valuation narrative. SpaceX Starship engineering challenge
• Negative Sentiment: Shares remain roughly 34% below their post-IPO peak, while the company is still loss-making and faces a potentially sharp 2027 capital-spending increase. Competition is also developing as rival Isar Aerospace reaches orbit.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SPCX shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $246.00 target price on shares of SpaceX in a report on Wednesday, August 5th. Arete Research set a $450.00 target price on shares of SpaceX in a research report on Tuesday, August 11th. Mizuho assumed coverage on SpaceX in a report on Tuesday, July 7th. They issued an “outperform” rating and a $200.00 target price for the company. Citigroup lowered shares of SpaceX from a “buy” rating to a “sell” rating in a research report on Friday, August 7th. Finally, Evercore initiated coverage on shares of SpaceX in a research note on Tuesday, July 14th. They set an “outperform” rating and a $230.00 target price for the company. Two investment 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 assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $221.06.

SpaceX Stock Up 3.7%

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 company’s fifty day moving average price is $135.83. The stock has a market capitalization of $2.01 trillion and a price-to-earnings ratio of -1,705.22.

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

Institutional Trading of SpaceX

Several large investors have recently bought and sold shares of SPCX. K5 Global Advisor LLC acquired a new stake in SpaceX in the second quarter valued at $6,587,531,000. Hyperion Asset Management Ltd bought a new position in shares of SpaceX during the second quarter worth about $201,137,000. Bond Capital Management LP acquired a new position in shares of SpaceX during the second quarter valued at $180,620,000. Value Aligned Research Advisors LLC acquired a new position in SpaceX during the second quarter worth about $100,760,000. Finally, Tema ETFs LLC bought a new position in shares of SpaceX in the second quarter valued at $32,037,000.

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.