SpaceX (NASDAQ:SPCX) Shares Down 2.2% – What’s Next?

SpaceX (NASDAQ:SPCX) shares fell 2.2% during mid-day trading on Monday. The company traded as low as $145.36 and last traded at $145.47. 81,549,723 shares were traded during trading, a decline of 21% from the average daily volume of 103,514,039 shares. The stock had previously closed at $148.68.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starship reached orbit and deployed 26 Starlink V3 satellites for the first time. Although an engine shutdown shortened the mission and the vehicle was lost during splashdown, the successful deployment advances SpaceX’s plan to expand Starlink. Higher-capacity V3 satellites could improve network economics and support future revenue growth. SpaceX reached orbit and deployed 26 satellites
• Positive Sentiment: Analysts raised expectations for SpaceX’s growth. UBS reiterated a Buy rating and a $210 price target, forecasting third-quarter revenue of approximately $13.8 billion—above consensus—with AI, Starlink and launch operations driving the potential beat. TD Cowen separately began coverage with a Buy rating and a $200 target. UBS expects a strong third quarter
• Positive Sentiment: AI-compute leasing is emerging as another potential growth engine. Anthropic reportedly committed up to $84.5 billion in computing agreements through 2029, while analysts believe SpaceX can monetize data-center capacity and use the proceeds to fund orbital data-center ambitions. Anthropic compute agreements with SpaceX
• Neutral Sentiment: Long-term projections remain highly bullish but speculative. Citi suggested SpaceX could eventually reach a $12 trillion valuation and Gene Munster said the stock could more than double if launch cadence scales dramatically. These are scenario-based estimates rather than near-term earnings catalysts. Citi SpaceX valuation outlook
• Negative Sentiment: Valuation and execution risks remain substantial. SpaceX trades at an exceptionally high valuation, and Starship still needs to demonstrate reliable engine performance, intact recovery and frequent reuse. Rising short volume also indicates increased skepticism and could add volatility. SpaceX short volume rises

Wall Street Analyst Weigh In

SPCX has been the topic of several research analyst reports. Phillip Securities raised shares of SpaceX to a “strong sell” rating and set a $75.00 target price on the stock in a report on Friday, July 31st. Citigroup downgraded shares of SpaceX from a “buy” rating to a “sell” rating in a report on Friday, August 7th. Sanford C. Bernstein reiterated a “buy” rating on shares of SpaceX in a research note on Monday. Daiwa Securities Group assumed coverage on shares of SpaceX in a report on Thursday, July 2nd. They set a “neutral” rating and a $175.00 price objective for the company. Finally, Mizuho assumed coverage on SpaceX in a report on Tuesday, July 7th. They issued an “outperform” rating and a $200.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seven have issued a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, SpaceX presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.68.

SpaceX Trading Up 2.6%

The company has a 50 day simple moving average of $137.43. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The firm has a market capitalization of $1.97 trillion and a price-to-earnings ratio of -1,658.22.

SpaceX (NASDAQ:SPCX) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The business’s revenue was up 91.9% compared to the same quarter last year. Analysts forecast that SpaceX will post -0.15 earnings per share for the current year.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the business’s 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 transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. QRG Capital Management Inc. bought a new position in SpaceX during the second quarter valued at $8,632,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of SpaceX during the 2nd quarter worth about $1,274,000. State Street Corp bought a new position in SpaceX during the 2nd quarter valued at about $1,858,329,000. Security National Bank of SO Dak purchased a new stake in SpaceX in the 2nd quarter worth about $48,000. Finally, HBK Investments L P bought a new stake in SpaceX in the second quarter worth about $40,579,000.

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 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.