SpaceX (NASDAQ:SPCX) Shares Up 1.3% – Here’s What Happened

SpaceX (NASDAQ:SPCX) shares were up 1.3% during mid-day trading on Monday. The company traded as high as $151.01 and last traded at $147.96. Approximately 73,261,935 shares changed hands during trading, a decline of 27% from the average daily volume of 100,782,281 shares. The stock had previously closed at $146.03.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Optimism ahead of earnings: Analysts expect approximately $12.9 billion in third-quarter revenue and $0.14 in earnings per share. Options trading implies a potentially large post-earnings move, while Bernstein reiterated a Buy rating and a $248 price target. SpaceX Q3 Earnings Preview
• Positive Sentiment: Long-term Starlink and space expansion: SpaceX is seeking regulatory approval to dramatically increase Starship launch activity and is expanding Starlink’s direct-to-device business. Its planned spectrum acquisition could help Starlink compete more directly with wireless carriers and extend service indoors. Starlink Mobile Expansion
• Positive Sentiment: Share giveaway supports investor attention: Elon Musk said he plans to give one SpaceX share to every U.S. child next year, potentially distributing more than $10 billion worth of stock. Although details remain unclear, the proposal generated favorable publicity and contributed to the stock’s near-term momentum. Musk SpaceX Share Giveaway
• Neutral Sentiment: Merger speculation: Reports continue to discuss a possible Tesla–SpaceX combination, including an RBC scenario valuing Tesla at $480 per share. However, no transaction has been announced, and analysts note that combining the companies would be complex. SpaceX Tesla Merger Speculation
• Negative Sentiment: Earnings and spending risks: Some analysts warn that contract timing could cause a revenue miss, while management’s projected capital spending—particularly for AI—could rise sharply. Investors will focus on Starlink profitability, cash flow and 2027 spending guidance.
• Negative Sentiment: Potential stock supply and regulatory concerns: Musk’s donation and the release of insider lockups may increase the amount of stock available for trading. Separately, a Bulgarian court approved arrest warrants connected to a Starlink-related fire, adding a limited legal and reputational risk. Starlink Fire Arrest Warrants

Wall Street Analysts Forecast Growth

SPCX has been the subject of several research reports. Canaccord Genuity Group began coverage on shares of SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $246.00 price target for the company. KGI Securities downgraded shares of SpaceX from an “outperform” rating to a “hold” rating in a research report on Monday, June 22nd. Yorkville Ives assumed coverage on shares of SpaceX in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $225.00 price objective on the stock. Bank of America began coverage on shares of SpaceX in a report on Tuesday, July 7th. They issued a “buy” rating and a $235.00 target price for the company. Finally, Clear Str upgraded shares of SpaceX to a “strong-buy” rating in a research note on Tuesday, July 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, SpaceX currently has a consensus rating of “Moderate Buy” and an average target price of $221.44.

SpaceX Stock Performance

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 stock has a market cap of $1.95 trillion and a PE ratio of -1,644.00. The stock’s 50-day simple moving average is $148.44.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The firm’s quarterly revenue was up 91.9% on a year-over-year basis. Equities analysts forecast that SpaceX will post 0.07 EPS for the current year.

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the business’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 transaction, the chief operating officer owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of SpaceX

A number of institutional investors have recently modified their holdings of SPCX. Syntax Research Inc. purchased a new position in shares of SpaceX during the second quarter valued at approximately $26,000. Atwood & Palmer Inc. acquired a new stake in SpaceX during the second quarter worth approximately $29,000. PayPay Securities Corp purchased a new stake in SpaceX in the 2nd quarter worth approximately $30,000. Hickory Point Bank & Trust acquired a new position in SpaceX in the 3rd quarter valued at $30,000. Finally, Maryland Capital Advisors Inc. acquired a new position in SpaceX in the 3rd quarter valued at $30,000.

SpaceX Company Profile

Space Exploration Technologies Corp., commonly known as SpaceX, is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles and spacecraft designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.