SpaceX (NASDAQ:SPCX) Trading 1.9% Higher – What’s Next?

Shares of SpaceX (NASDAQ:SPCX) traded up 1.9% on Tuesday . The stock traded as high as $154.94 and last traded at $154.72. 57,524,805 shares were traded during trading, a decline of 46% from the average session volume of 105,709,836 shares. The stock had previously closed at $151.85.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Nasdaq-100 rebalance supports demand: SpaceX’s index weighting more than doubled to 2.82%, potentially directing billions of dollars of buying toward the stock from QQQ, QQQM and other passive funds. SpaceX’s Nasdaq-100 Weight Just More Than Doubled
• Positive Sentiment: AI momentum is attracting investors: Grok Bot reportedly surpassed 400,000 users in its first month, while analysts see SpaceX’s AI operations potentially becoming its largest business segment by 2030. Morgan Stanley also highlighted possible synergies with Tesla in computing, robotics, energy and “physical AI.” SpaceX Stock Rises as Grok Bot Hits 418,000 Weekly Users
• Positive Sentiment: Merger speculation remains a catalyst: Analyst Dan Ives estimates an 80% probability that Tesla and SpaceX could combine by late 2027, while Morgan Stanley described their expanding technology and infrastructure links as a potential foundation for a merger. SpaceX, Tesla Share Chips, Robots And Compute
• Positive Sentiment: Space launch catalysts are approaching: SpaceX is targeting September 28 for Starship’s first orbital flight, including a planned Starlink V3 deployment. NASA also awarded the company another $946 million for three astronaut missions through 2030. Elon Musk Says First Starship Launch to Orbit Will Carry Starlink V3 Satellites
• Neutral Sentiment: Falcon 9 transition could affect pricing: SpaceX is winding down Falcon 9 production to shift resources toward Starship. Scarcer launch capacity could support higher prices, but the transition may also create operational and customer-supply risks. SpaceX’s Falcon 9 Is Getting Scarcer
• Negative Sentiment: Share unlock could increase selling pressure: As many as 328.4 million shares may become eligible for sale on September 24, creating a near-term supply overhang even as analysts remain bullish. SpaceX Stock Forecast Ahead of September 24 Lockup Expiration
• Negative Sentiment: Valuation concerns persist: Recent merger enthusiasm and a roughly 10.9% monthly gain have pushed attention toward SpaceX’s rich valuation, negative free cash flow and limited near-term earnings support. Investors also should not expect dividends soon. SpaceX Stock Looks Rich On Fresh Merger Speculation

Analyst Upgrades and Downgrades

Several research firms have commented on SPCX. JPMorgan Chase & Co. began coverage on SpaceX in a research report on Tuesday, July 7th. They issued an “overweight” rating and a $225.00 price objective on the stock. Daiwa Securities Group began coverage on shares of SpaceX in a research note on Thursday, July 2nd. They issued a “neutral” rating and a $175.00 target price for the company. Wolfe Research reissued an “outperform” rating and set a $175.00 price target on shares of SpaceX in a report on Wednesday, August 26th. Moffett Nathanson lifted their price objective on shares of SpaceX from $131.00 to $142.00 and gave the company a “neutral” rating in a report on Monday, September 14th. Finally, Benchmark started coverage on shares of SpaceX in a research report on Monday, June 22nd. They issued a “buy” rating for the company. Two research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $221.42.

SpaceX Stock Up 1.9%

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 cap of $2.02 trillion and a price-to-earnings ratio of -1,719.11. The company’s 50-day moving average is $134.94.

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

Institutional Trading of SpaceX

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wedbush Securities Inc. purchased a new position in SpaceX in the 2nd quarter valued at $5,094,000. Hyperion Asset Management Ltd purchased a new stake in shares of SpaceX during the second quarter worth $201,137,000. K5 Global Advisor LLC acquired a new stake in shares of SpaceX in the second quarter valued at about $6,587,531,000. Assenagon Asset Management S.A. acquired a new stake in shares of SpaceX in the second quarter valued at about $2,502,000. Finally, Rik Saylor Financial Inc. purchased a new position in shares of SpaceX in the second quarter worth about $1,670,000.

About SpaceX

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.