SpaceX (NASDAQ:SPCX) Reaches New 12-Month Low – What’s Next?

SpaceX (NASDAQ:SPCX)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $109.53 and last traded at $111.41, with a volume of 20085151 shares trading hands. The stock had previously closed at $115.07.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: The Trump administration and FAA proposed expedited environmental approvals for commercial rocket launches and spaceport operations. Faster permitting could reduce launch delays and benefit SpaceX’s launch cadence and Starlink deployment plans. Trump Administration To Expedite Approvals For Commercial Rocket Launches
• Positive Sentiment: Starship Flight 13 reportedly completed a near-flawless mission and included a deliberately accelerated reentry test of the heat shield. The operational progress strengthens the long-term case for reusable heavy-lift launches, although investors still want evidence of commercial readiness. Space Stocks Are Falling Hard
• Positive Sentiment: ARK Invest’s Cathie Wood continued buying SpaceX-linked shares during the selloff, while some analysts highlighted substantial long-term upside tied to Starlink, artificial intelligence, and a possible Tesla relationship. These purchases provide sentiment support but do not eliminate execution and valuation risks. Cathie Wood Keeps Buying Every SpaceX Dip
• Neutral Sentiment: SpaceX will issue its first quarterly report as a public company on Aug. 4. Investors are expected to scrutinize revenue growth, cash burn, Starlink economics, capital spending, and management’s outlook. The report could substantially increase volatility. SpaceX Reports Its First Quarterly Results
• Negative Sentiment: The largest immediate concern is the Aug. 6 lock-up expiration, when as many as 911.5 million shares could become eligible for sale. The potential supply surge—roughly $123 billion at recent prices—has weighed on the stock and could offset otherwise positive operating news. SpaceX Lock-Up Expiration Concerns
• Negative Sentiment: Amazon’s planned 5,105-satellite direct-to-device network raises the prospect of a heavily financed competitor to Starlink. Amazon’s acquisition of Globalstar and relationship with Apple could intensify pricing and customer-acquisition pressure in satellite connectivity. Amazon’s New Satellite Network Could Turn Up the Heat on SpaceX
• Negative Sentiment: Broader space stocks have also declined amid concerns that defense spending may be near a peak and that aerospace valuations remain excessive. Analysts continue to debate whether SpaceX’s growth prospects justify its still-demanding valuation, increasing sensitivity to any earnings miss or cautious guidance. SpaceX Bull Trap or Buying Opportunity

Analyst Ratings Changes

A number of equities research analysts have recently commented on SPCX shares. Oppenheimer lifted their target price on SpaceX from $190.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Evercore assumed coverage on SpaceX in a research note on Tuesday, July 14th. They issued an “outperform” rating and a $230.00 price objective on the stock. Cfra began coverage on shares of SpaceX in a research report on Friday, June 12th. They set a “sell” rating and a $115.00 target price for the company. Bank of America assumed coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $235.00 target price for the company. Finally, KGI Securities lowered shares of SpaceX from an “outperform” rating to a “hold” rating in a research report on Monday, June 22nd. Four analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $230.50.

SpaceX Trading Up 2.6%

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

Institutional Investors Weigh In On SpaceX

Institutional investors and hedge funds have recently modified their holdings of the company. Hyperion Asset Management Ltd purchased a new position in SpaceX during the second quarter valued at approximately $201,137,000. Abound Wealth Management purchased a new stake in SpaceX in the 2nd quarter worth approximately $350,000. Accel Wealth Management purchased a new stake in SpaceX in the 2nd quarter worth approximately $203,000. Heck Capital Advisors LLC bought a new position in SpaceX in the 2nd quarter valued at $3,768,000. Finally, JFS Wealth Advisors LLC purchased a new position in shares of SpaceX during the 2nd quarter valued at $325,000.

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.