SpaceX (NASDAQ:SPCX) Trading 4.4% Higher – Still a Buy?

SpaceX (NASDAQ:SPCX)’s share price was up 4.4% on Monday . The stock traded as high as $149.80 and last traded at $146.23. Approximately 115,767,846 shares traded hands during mid-day trading, a decline of 0% from the average session volume of 115,864,672 shares. The stock had previously closed at $140.00.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Institutional buying is supporting sentiment. Second-quarter filings showed positions in SpaceX from more than 1,500 institutions, including Harvard Management, Viking Global, Intesa Sanpaolo, Nvidia, Alphabet, and Norway’s sovereign wealth fund. These disclosures are being interpreted as validation from large investors. SpaceX Stock Is Everywhere: Google, Nvidia, AMD, Harvard Disclose Stakes
• Positive Sentiment: Analysts see substantial upside. UBS maintained a $210 price target, citing Starlink’s next-generation V3 satellites and network expansion, while Morgan Stanley reiterated a Buy rating and a $300 target based on AI infrastructure, vertical integration, and long-term growth. SpaceX Stock Could Hit $210, Says UBS
• Positive Sentiment: AI and Starlink are expanding SpaceX’s growth narrative. SpaceX reportedly plans to rely exclusively on Nvidia chips for its AI infrastructure, potentially accelerating computing capabilities while benefiting Nvidia. Investors are also weighing plans for very large data-center investments and rising Starlink profitability. SpaceX Is Spending Big on AI
• Positive Sentiment: Operational execution remains a catalyst. SpaceX completed two Falcon 9 launches roughly 38 minutes apart, highlighting the company’s launch cadence and reusable-rocket advantages. SpaceX Launches 2 Rockets 38 Minutes Apart
• Neutral Sentiment: Potential Tesla merger speculation is adding attention but not fundamentals. Prediction markets are assigning increased odds to a SpaceX-Tesla combination in the first half of 2027, while commentators warn that valuation and governance issues could make such a deal controversial. Prediction Markets Set Date for SpaceX-Tesla Merger
• Negative Sentiment: Lock-up expirations could increase selling pressure. A large release of additional shares is scheduled for August 20, potentially expanding the unusually limited post-IPO float and increasing volatility. More SpaceX Shares Could Flood the Market
• Negative Sentiment: Valuation and spending concerns remain. Phillip Securities reiterated a Sell rating with a $75 target, citing heavy AI spending and customer-concentration risks. Musk’s ambitious data-center plans could require enormous capital expenditures before producing returns. Analyst Flags AI Spending and Customer Concentration Risks

Analyst Ratings Changes

Several equities analysts have recently commented on SPCX shares. KGI Securities lowered SpaceX from an “outperform” rating to a “hold” rating in a research note on Monday, June 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $255.00 price objective for the company. Susquehanna cut shares of SpaceX from a “neutral” rating to an “underperform” rating in a research report on Friday, August 7th. William Blair reaffirmed an “outperform” rating on shares of SpaceX in a research note on Friday, July 31st. Finally, Guggenheim began coverage on shares of SpaceX in a research report on Friday, August 7th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $224.34.

SpaceX Price Performance

The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.91 trillion and a price-to-earnings ratio of -1,624.78. The company’s 50 day moving average is $142.98.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SPCX. Atwood & Palmer Inc. purchased a new stake in SpaceX during the 2nd quarter worth about $29,000. Marquette Asset Management LLC purchased a new stake in shares of SpaceX during the second quarter worth approximately $32,000. Burkett Financial Services LLC acquired a new stake in SpaceX in the second quarter valued at approximately $70,000. Contravisory Investment Management Inc. purchased a new position in SpaceX in the second quarter worth approximately $73,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of SpaceX in the 2nd quarter valued at approximately $89,000.

SpaceX Company Profile

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.