SpaceX (NASDAQ:SPCX) Stock Price Down 1.1% – Time to Sell?

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

SpaceX News Roundup

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 analysts recently issued reports on the company. Clear Str upgraded SpaceX to a “strong-buy” rating in a research note on Tuesday, July 7th. Evercore began coverage on SpaceX in a report on Tuesday, July 14th. They set an “outperform” rating and a $230.00 price objective on the stock. Royal Bank Of Canada downgraded SpaceX from an “outperform” rating to a “hold” rating in a report on Friday, August 7th. JPMorgan Chase & Co. assumed coverage on SpaceX in a report on Tuesday, July 7th. They set an “overweight” rating and a $225.00 price target on the stock. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of SpaceX in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, SpaceX currently has an average rating of “Moderate Buy” and a consensus target price of $221.20.

SpaceX Price Performance

The firm has a 50 day simple moving average of $136.60. The company has a market capitalization of $1.84 trillion and a PE ratio of -1,563.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99.

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

Institutional Investors Weigh In On SpaceX

Hedge funds and other institutional investors have recently made changes to their positions in the business. K5 Global Advisor LLC bought a new position in SpaceX during the second quarter valued at $6,587,531,000. Hyperion Asset Management Ltd bought a new stake in shares of SpaceX during the 2nd quarter worth approximately $201,137,000. Bond Capital Management LP bought a new stake in SpaceX during the 2nd quarter valued at about $180,620,000. Value Aligned Research Advisors LLC purchased a new stake in shares of SpaceX in the 2nd quarter worth $100,760,000. Finally, Tema ETFs LLC bought a new position in shares of SpaceX during the second quarter valued at approximately $32,037,000.

About SpaceX

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.