SpaceX (NASDAQ:SPCX) Shares Up 1.2% – Time to Buy?

Shares of SpaceX (NASDAQ:SPCX) rose 1.2% during mid-day trading on Wednesday . The company traded as high as $140.18 and last traded at $139.63. 59,073,625 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 110,389,375 shares. The stock had previously closed at $137.95.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX plans to develop a second Starbase in Vermilion Parish, Louisiana, spanning roughly 125,000 acres with five launch complexes, production facilities and support infrastructure. Construction is expected to begin in 2027, and the site could ultimately support thousands of Starship launches annually. Investors view the project as a major expansion of launch capacity and a potential long-term growth driver for Starlink, defense and orbital data-center businesses. SpaceX to develop Starship launch site in Louisiana
• Positive Sentiment: Wall Street remains bullish despite recent volatility. Morgan Stanley analyst Adam Jonas reiterated a Buy rating and a $300 price target, while JPMorgan has maintained an Overweight rating and a $240 target, citing SpaceX’s AI strategy, the Cursor acquisition and progress toward monetizing Grok-related technology. SpaceX analyst price target
• Positive Sentiment: SpaceX intends to launch its first Nvidia-powered AI satellites in late 2027. The plan could extend the company beyond rockets and satellite connectivity into orbital computing, although execution remains several years away. SpaceX Nvidia-powered AI satellites
• Neutral Sentiment: SpaceX is winding down Falcon 9 Starlink launches from Florida as it transitions more operations to Starship. The move may improve long-term scale and economics, but it also increases dependence on Starship’s ability to achieve reliable, high-frequency launches. SpaceX ends Falcon 9 Starlink launches from Florida
• Negative Sentiment: The Louisiana project creates significant capital-allocation and execution risks. Critics warn that construction on the coastal site could cause substantial environmental damage, while experts say Musk’s proposed million-satellite AI constellation could require nine or more Starship launches daily—an extremely demanding logistical target. SpaceX environmental concerns
• Negative Sentiment: Valuation remains a concern: one analysis suggested SPCX could be worth as little as $95 by 2028 if its AI and space ambitions fail to translate into profits. The stock’s very large market capitalization leaves limited room for delays or disappointing execution. SpaceX valuation analysis

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SPCX shares. Roth Capital upgraded SpaceX to a “buy” rating in a report on Monday, June 22nd. Raymond James Financial downgraded SpaceX from a “strong-buy” rating to a “strong sell” rating in a report on Friday, August 7th. Bank of America assumed coverage on shares of SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $235.00 price target for the company. Argus upgraded shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Friday, August 7th. Finally, Oppenheimer upped their price objective on SpaceX from $190.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.20.

SpaceX Trading Up 1.2%

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 capitalization of $1.83 trillion and a price-to-earnings ratio of -1,551.44. The firm has a 50 day moving average of $139.90.

SpaceX (NASDAQ:SPCX) last issued its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The business’s revenue for the quarter was up 91.9% compared to the same quarter last year. On average, equities research analysts forecast that SpaceX will post -0.15 earnings per share for the current year.

Institutional Investors Weigh In On SpaceX

Several institutional investors have recently modified their holdings of SPCX. Hyperion Asset Management Ltd acquired a new stake in shares of SpaceX in the second quarter valued at approximately $201,137,000. Assenagon Asset Management S.A. purchased a new stake in SpaceX in the 2nd quarter valued at approximately $2,502,000. Sage Capital Advisors llc purchased a new position in SpaceX during the second quarter worth $3,254,000. Dynamic Advisor Solutions LLC acquired a new position in shares of SpaceX in the second quarter worth $3,383,000. Finally, Canvas Wealth Advisors LLC purchased a new stake in shares of SpaceX in the second quarter valued at $2,598,000.

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.