SpaceX (NASDAQ:SPCX) Shares Up 5.7% – Time to Buy?

SpaceX (NASDAQ:SPCX)’s stock price was up 5.7% on Monday . The company traded as high as $114.92 and last traded at $114.53. 68,996,720 shares were traded during trading, a decline of 32% from the average session volume of 101,795,906 shares. The stock had previously closed at $108.37.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its Outperform rating and maintained a $225 price target, implying substantial upside if SpaceX delivers strong growth and execution. RBC rating reference
• Positive Sentiment: Investors are hopeful that Starlink’s expanding broadband business—particularly higher-value aviation and maritime customers—can generate the margins and cash flow needed to fund Starship, artificial intelligence infrastructure and other long-term initiatives. SpaceX’s first results put Musk’s AI spending under Wall Street microscope
• Positive Sentiment: Some analysts and investors view SpaceX’s reusable rockets, Starlink network and long-term space and AI opportunities as a potentially durable growth story. Bullish forecasts suggest the stock could rebound if earnings validate its roughly $1.4 trillion valuation. Why Wall Street remains optimistic on SpaceX
• Neutral Sentiment: SpaceX reports second-quarter results after the market closes on August 4. Consensus expectations cited in the coverage include more than $6.8 billion in revenue, approximately $2 billion in adjusted EBITDA and a net loss of about $0.25 per share. Investors will focus less on headline revenue than on Starlink margins, free cash flow, capital expenditures and management guidance. SpaceX’s first earnings report
• Neutral Sentiment: The earnings call is also expected to spotlight Elon Musk’s strategy and vision, including AI spending and Starship development. Musk’s unusually strong voting control gives him broad freedom to pursue those plans, limiting the ability of shareholders to challenge management decisions. Elon Musk’s control of SpaceX
• Negative Sentiment: Approximately 911 million shares are expected to become eligible for sale around August 5-6, more than doubling the public float. The potential supply surge could pressure SPCX even if earnings are strong, as employees, early investors and other insiders gain liquidity. SpaceX lockup expiration
• Negative Sentiment: Short sellers have reportedly amassed a $24.6 billion position, equivalent to roughly 34% of the restricted tradeable float. This crowded bearish positioning increases the risk of sharp moves in either direction after earnings. SpaceX short interest and earnings
• Negative Sentiment: Bearish analysts are concerned that projected capital spending—potentially rising substantially through 2028—will keep free cash flow negative, pressure margins and make the stock’s valuation difficult to justify. Governance criticism and competition from Amazon’s satellite ambitions add further risks. SpaceX earnings and spending risks

Analysts Set New Price Targets

A number of analysts have issued reports on SPCX shares. 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $255.00 price objective for the company. Zacks Research raised SpaceX to a “hold” rating in a report on Monday, June 15th. Barclays upgraded SpaceX from an “underweight” rating to an “overweight” rating in a research report on Monday, June 22nd. Finally, New Street Research raised SpaceX to a “strong-buy” rating in a research note on Thursday, June 11th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $230.50.

SpaceX Price Performance

SpaceX (NASDAQ:SPCX) last issued 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 for the quarter.

Institutional Investors Weigh In On SpaceX

Several large investors have recently added to or reduced their stakes in SPCX. Atwood & Palmer Inc. purchased a new stake in SpaceX during the second quarter valued at approximately $29,000. Marquette Asset Management LLC bought a new stake in shares of SpaceX in the 2nd quarter valued at approximately $32,000. Burkett Financial Services LLC purchased a new position in shares of SpaceX in the 2nd quarter worth approximately $70,000. Contravisory Investment Management Inc. bought a new position in shares of SpaceX during the 2nd quarter valued at approximately $73,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SpaceX during the 2nd quarter valued at approximately $89,000.

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.