SpaceX (NASDAQ:SPCX) Trading Up 2.6% – Time to Buy?

SpaceX (NASDAQ:SPCX)’s stock price was up 2.6% during mid-day trading on Thursday . The stock traded as high as $156.87 and last traded at $154.81. Approximately 83,089,089 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 103,186,688 shares. The stock had previously closed at $150.88.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starlink expansion received regulatory support. The FCC approved SpaceX’s authority for global Starlink mobile services, strengthening plans for direct-to-phone connectivity and space-based 5G. Elon Musk also said Starlink reliability now often exceeds cable broadband. SpaceX Wins FCC Nod for Global Starlink Mobile Services
• Positive Sentiment: NASA selected SpaceX to launch the StarBurst science satellite. The award adds to SpaceX’s launch backlog and reinforces its position with government customers. NASA Picks SpaceX to Hunt Cosmic Explosions With StarBurst
• Positive Sentiment: AI and orbital-computing ambitions continue to attract investors. SpaceX is reportedly considering purchases of startup data for AI training and may begin launching NVIDIA computing hardware into orbit as early as 2027. These initiatives could create new revenue streams beyond rockets and Starlink, although they remain early-stage. SpaceX Reportedly Wants to Buy Data from Failed Startups for AI Training
• Positive Sentiment: Potential Nasdaq-100 rebalancing demand is a near-term technical tailwind. Reports suggest SpaceX’s index weighting could increase substantially, potentially generating billions of dollars in passive fund purchases. Morgan Stanley also reportedly sees substantial upside from current levels. SpaceX Nasdaq-100 Weight Increase
• Neutral Sentiment: Strong operating momentum supports the valuation narrative. Recent results showed $7.81 billion in revenue, up 91.9% year over year, while management is targeting a $100 billion annualized revenue run rate. However, the company remains unprofitable on an EPS basis and its valuation leaves little room for execution setbacks.
• Negative Sentiment: Starship’s first orbital flight was delayed by six days and is now targeted for September 28, pending regulatory approval. The postponement reduces the immediacy of a major catalyst and highlights the execution risk surrounding Starship’s role in future Starlink expansion. SpaceX Stock Falls After Starship Flight Delay
• Negative Sentiment: Retail investors have been selling. Reports cite hundreds of millions of dollars in recent retail disposals, adding supply despite optimistic analyst forecasts. The distribution of roughly $8.5 billion in SpaceX shares by Valor Equity Partners may also reinforce concerns about shareholder selling and increased float. SpaceX Stock Selling by Retail Investors

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SPCX shares. UBS Group restated a “buy” rating and set a $75.00 price target (down from $210.00) on shares of SpaceX in a report on Monday, August 17th. Wall Street Zen upgraded shares of SpaceX from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Royal Bank Of Canada downgraded shares of SpaceX from an “outperform” rating to a “hold” rating in a research note on Friday, August 7th. Phillip Securities upgraded shares of SpaceX to a “strong sell” rating in a report on Friday, July 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price target on shares of SpaceX in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have issued a Hold rating and seven have assigned 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 $221.42.

SpaceX Stock Performance

The stock’s fifty day simple moving average is $134.69. The firm has a market cap of $2.00 trillion and a P/E ratio of -1,696.78. 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 released its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping 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% on a year-over-year basis. As a group, equities analysts anticipate that SpaceX will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On SpaceX

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Security National Bank of SO Dak purchased a new stake in SpaceX in the 2nd quarter valued at about $48,000. HBK Investments L P bought a new stake in shares of SpaceX during the second quarter valued at approximately $40,579,000. Bullseye Investment Management LLC purchased a new stake in shares of SpaceX in the second quarter valued at approximately $674,000. Smith Chas P & Associates PA Cpas purchased a new stake in shares of SpaceX in the second quarter valued at approximately $307,000. Finally, Talon Private Wealth LLC bought a new position in SpaceX in the second quarter worth approximately $487,000.

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, serving commercial, government and scientific customers.

SpaceX’s principal products include the Falcon 9 and Falcon Heavy rockets, which are used to launch satellites, spacecraft and other payloads into orbit. The company also develops the Dragon spacecraft, which supports cargo and crew missions to low Earth orbit, including missions for NASA and other customers.

Through its Starlink business, SpaceX operates a large constellation of low Earth orbit satellites that provides broadband internet service to customers in numerous countries and regions.