SpaceX (NASDAQ:SPCX) Trading Down 16.4% – Should You Sell?

SpaceX (NASDAQ:SPCX)’s share price fell 16.4% during trading on Monday . The company traded as low as $154.00 and last traded at $154.60. Approximately 164,309,326 shares were traded during trading, a decline of 32% from the average session volume of 242,915,813 shares. The stock had previously closed at $185.00.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX completed a heavily oversubscribed $25 billion debt offering, with demand reportedly far exceeding supply, signaling that credit investors still have strong confidence in Elon Musk’s business. SpaceX raises $25 billion in debt sale less than two weeks after IPO
• Positive Sentiment: SpaceX also landed a $6.3 billion AI compute deal with Reflection AI, reinforcing the company’s push into data centers and AI infrastructure, which some bulls see as a new growth engine. SpaceX Just Inked a New AI Deal Worth up to $6.3 Billion
• Positive Sentiment: Several analysts and high-profile investors remain constructive, with commentary highlighting SpaceX’s massive addressable market and potential long-term upside, including a new analyst initiation and bullish price-target chatter. SpaceX Stock Price Forecast — Bull Case Sees 155%+ Upside Ahead
• Neutral Sentiment: SpaceX is still attracting intense trading interest and media attention, with the stock becoming a battleground name as investors debate whether the recent pullback is a buying opportunity or a sign the valuation ran too far, too fast. SpaceX short selling bets increase after post-debut share selloff
• Neutral Sentiment: New coverage from Susquehanna set a Neutral rating, while KeyBanc also warned the stock looks fairly valued—suggesting Wall Street is not ready to chase the rally higher from current levels. Susquehanna Analyst Calls Time-Out On SpaceX Rally
• Negative Sentiment: Bearish articles emphasize that the stock’s post-IPO excitement has faded, citing a sharp selloff, valuation concerns, and the risk that SpaceX is taking on too much debt and too many non-core AI projects too soon. The SpaceX Sell-Off May Be More Than a Market Overreaction
• Negative Sentiment: Short sellers have been increasing their bets, and several reports note that shares have fallen sharply from recent highs, with investors worried that the company’s huge valuation may not be supported by near-term earnings. SpaceX short selling bets increase after post-debut share selloff

Analyst Upgrades and Downgrades

SPCX has been the topic of several recent analyst reports. Oppenheimer lifted their price target on shares of SpaceX from $190.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. TD Cowen started coverage on shares of SpaceX in a report on Monday. They issued a “buy” rating for the company. KeyCorp began coverage on shares of SpaceX in a research report on Monday. They issued a “sector weight” rating for the company. Barclays upgraded shares of SpaceX from an “underweight” rating to an “overweight” rating in a research report on Monday. Finally, Arete Research set a $401.00 price target on shares of SpaceX and gave the stock a “buy” rating in a research note on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $212.67.

SpaceX Price Performance

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.27) EPS for the quarter. The business had revenue of $4.69 billion during the quarter.

Insider Transactions at SpaceX

In related news, CEO Elon Musk sold 11,390 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $105.32, for a total transaction of $1,199,594.80. Following the sale, the chief executive officer owned 526,165,900 shares of the company’s stock, valued at $55,415,792,588. The trade was a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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.