SpaceX (NASDAQ:SPCX) Stock Price Up 7.4% – Here’s Why

by · The Markets Daily

SpaceX (NASDAQ:SPCX – Get Free Report)’s share price shot up 7.4% on Friday. The stock traded as high as $159.84 and last traded at $158.96. Approximately 119,165,402 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 102,789,625 shares. The stock had previously closed at $148.07.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

  • Positive Sentiment: SpaceX completed three launches in roughly 13 hours, including the Crew-13 mission to the International Space Station, which achieved the fastest U.S. crewed flight to the ISS. The company also launched Google’s Project Suncatcher AI satellite payload and deployed next-generation Starlink satellites, reinforcing confidence in its launch reliability and execution. SpaceX Just Launched 3 Rockets in 13 Hours
  • Positive Sentiment: Elon Musk said SpaceX is cautiously optimistic that its Starmind orbital AI system could operate Nvidia hardware at approximately 250 kilowatts of average power, with higher peak output. The potential milestone supports the longer-term case for orbital data centers and broadens SpaceX’s growth story beyond rockets and Starlink. SpaceX Targets 250kW Nvidia AI System Power
  • Positive Sentiment: Analyst commentary remains bullish, with published estimates indicating roughly 48% to 55% potential upside. Investors are also anticipating additional catalysts from Starship, Starlink expansion, defense contracts and AI infrastructure. SpaceX Stock Price Forecast
  • Neutral Sentiment: The Pentagon’s decision to involve Musk in planning future weapons could strengthen SpaceX’s defense opportunity, but it may also increase political and regulatory scrutiny. SpaceX already has substantial defense exposure, making contract execution and government relationships important watch points. Pentagon Taps Elon Musk to Help Decide Future Weapons
  • Negative Sentiment: Valuation remains a significant risk. Commentary suggests SpaceX may not become profitable until 2027, while its very high valuation leaves limited room for execution mistakes. Starship also reached orbit with engine-related problems, and Musk’s AI and orbital data-center targets remain aspirational rather than proven businesses. SpaceX Could Be Profitable in 2027, but Stock Looks Expensive

Wall Street Analysts Forecast Growth

Several brokerages have commented on SPCX. TD Cowen began coverage on shares of SpaceX in a research report on Monday. They issued a “buy” rating and a $200.00 price target on the stock. Piper Sandler dropped their target price on shares of SpaceX from $156.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Clear Str upgraded shares of SpaceX to a “strong-buy” rating in a report on Tuesday, July 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a report on Tuesday. Finally, Mizuho assumed coverage on SpaceX in a research note on Tuesday, July 7th. They set an “outperform” rating and a $200.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seven have issued a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and an average price target of $218.68.

View Our Latest Stock Analysis on SpaceX

SpaceX Stock Performance

The firm has a market capitalization of $2.10 trillion and a PE ratio of -1,766.22. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average price of $138.74.

SpaceX (NASDAQ:SPCX – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. The business’s quarterly revenue was up 91.9% on a year-over-year basis. On average, sell-side analysts predict that SpaceX will post 0.02 earnings per share for the current year.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total value of $52,547,046.90. Following the transaction, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Private Client Services LLC bought a new stake in shares of SpaceX in the 3rd quarter valued at approximately $303,000. Burkett Financial Services LLC lifted its stake in shares of 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 purchasing an additional 760 shares during the last quarter. Hickory Point Bank & Trust bought a new stake in SpaceX in the third quarter worth $30,000. Stonebridge Financial Group LLC acquired a new position in SpaceX during the third quarter worth $224,000. Finally, QRG Capital Management Inc. acquired a new stake in shares of SpaceX in the second quarter worth about $8,632,000.

About SpaceX

(Get Free Report)

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.

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