SpaceX (NASDAQ:SPCX) Stock Rating Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of SpaceX (NASDAQ:SPCX) from a hold rating to a sell rating in a research note released on Saturday,Wall Street Zen reports.

Several other brokerages have also weighed in on SPCX. Susquehanna lowered SpaceX from a “neutral” rating to an “underperform” rating in a research report on Friday, August 7th. Mizuho started coverage on SpaceX in a report on Tuesday, July 7th. They issued an “outperform” rating and a $200.00 price target for the company. Canaccord Genuity Group assumed coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $246.00 price target on the stock. UBS Group reissued a “buy” rating on shares of SpaceX in a report on Tuesday. Finally, Wells Fargo & Company lowered their target price on shares of SpaceX from $215.00 to $212.00 and set an “overweight” rating for the company in a report on Tuesday, September 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seven have issued a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $218.68.

SpaceX Trading Up 7.4%

Shares of NASDAQ:SPCX opened at $158.96 on Friday. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The firm has a 50 day moving average price of $139.62. The stock has a market cap of $2.10 trillion and a P/E ratio of -1,766.22. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. SpaceX’s revenue was up 91.9% compared to the same quarter last year. As a group, equities research analysts expect that SpaceX will post 0.02 EPS for the current year.

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Polaris Financial Partners acquired a new position in shares of SpaceX in the third quarter valued at approximately $66,000. CX Institutional purchased a new position in SpaceX in the 3rd quarter valued at $5,002,000. Private Client Services LLC purchased a new position in SpaceX in the 3rd quarter valued at $303,000. Burkett Financial Services LLC increased its stake in SpaceX by 184.9% in the 3rd quarter. Burkett Financial Services LLC now owns 1,171 shares of the company’s stock valued at $177,000 after buying an additional 760 shares during the period. Finally, Hickory Point Bank & Trust purchased a new position in SpaceX during the 3rd quarter worth $30,000.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Three successful launches in roughly 13 hours highlighted SpaceX’s execution and launch cadence. The missions included the Crew-13 astronaut flight to the International Space Station—the fastest U.S. trip to the ISS—Google’s Project Suncatcher AI satellite mission and a Starlink-related Starship flight. SpaceX stock surges after successful ISS and Google launches
• Positive Sentiment: The Google launch strengthens the investment case for SpaceX as an AI-infrastructure provider. Google is testing chips in orbit as part of a potential space-based data-center strategy, while Elon Musk said SpaceX is cautiously optimistic about powering Nvidia AI hardware at approximately 250 kilowatts. SPCX Stock Climbs As Three Thursday Launches Meet Start Of Google’s AI Pact
• Positive Sentiment: Analyst coverage remains bullish. TD Cowen initiated a Buy rating, and several reports cited roughly 48%–55% potential upside, supported by Starlink growth, defense contracts, reusable launch technology and future Starship applications. Despite a Successful Starship Launch and a New Buy Rating
• Positive Sentiment: SpaceX’s reusable fairing program has reportedly saved about $120 million over eight years, providing evidence that launch reusability can improve long-term margins. SpaceX Saved $120 Million
• Neutral Sentiment: Investors are increasingly valuing SpaceX as both a space company and an AI company, with possible future opportunities in orbital data centers, satellite connectivity for airlines and maritime customers, and semiconductor manufacturing.
• Negative Sentiment: Valuation remains the main risk. Articles note that SPCX could become profitable in 2027, but its lofty valuation leaves little room for launch failures, Starship delays or slower-than-expected Starlink and AI commercialization. SpaceX Could Be Profitable in 2027, but the Stock Looks Expensive

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 designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.