SpaceX (NASDAQ:SPCX) Stock Price Up 5.8% – Still a Buy?

SpaceX (NASDAQ:SPCX) shares traded up 5.8% during mid-day trading on Monday. The stock traded as high as $143.20 and last traded at $142.07. Approximately 102,576,971 shares changed hands during trading, a decline of 1% from the average session volume of 103,815,586 shares. The stock had previously closed at $134.27.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Stifel analyst Jonathan Siegmann reiterated a Buy rating and a $190 price target, giving investors a fresh bullish signal. Why SpaceX Stock Popped on Monday
• Positive Sentiment: Reports of fresh buying by ARK Invest added support, alongside interest in SpaceX’s AI infrastructure opportunity and a reported multiyear Anthropic compute agreement. Why Is SpaceX Stock Up? SpaceX AI Deal Report
• Positive Sentiment: NASA’s proposed $10 billion lunar-contract framework and a planned 2028 Starship mission to deploy communications satellites near the Moon point to potential future business, though SpaceX must compete for work under the broader program. NASA Moon Base Contract Plan
• Neutral Sentiment: SpaceX plans to attempt the first catch of both Starship and its booster during Flight 15 on November 13. Success could validate reusability, but the test carries execution risk. SpaceX Plans Historic Double Catch
• Negative Sentiment: Investors remain concerned that election results could bring scrutiny or restrictions affecting AI data-center expansion, a key part of SpaceX’s growth ambitions. A Texas official has also urged a pause on potential land action near Starbase, adding local political uncertainty. SpaceX Election and AI Risks Texas Land Near Starbase
• Negative Sentiment: A large block of shares is scheduled to become eligible for trading in December, which could increase selling pressure; some commentators also caution that valuation and volatility make the stock risky. SpaceX December Share Unlock

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. DZ Bank began coverage on SpaceX in a report on Friday, August 21st. They set a “sell” rating and a $100.00 price objective for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a research note on Wednesday, October 21st. Wall Street Zen upgraded shares of SpaceX from a “sell” rating to a “hold” rating in a research report on Saturday, October 24th. The Goldman Sachs Group restated a “buy” rating and issued a $245.00 price objective on shares of SpaceX in a report on Wednesday, October 21st. Finally, Wells Fargo & Company raised their price objective on shares of SpaceX from $214.00 to $274.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, SpaceX presently has an average rating of “Moderate Buy” and an average price target of $243.60.

SpaceX Stock Performance

The stock has a market cap of $1.93 trillion and a price-to-earnings ratio of 546.42. The firm’s 50-day moving average is $149.18. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The firm had revenue of $14.57 billion during the quarter. During the same quarter in the prior year, the firm posted ($0.36) EPS. The firm’s revenue for the quarter was up 161.4% compared to the same quarter last year. Analysts forecast that SpaceX will post 0.19 EPS for the current year.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the business’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 completion of the transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPCX. James T. Borello RIA lifted its holdings in shares of SpaceX by 41.4% during the 3rd quarter. James T. Borello RIA now owns 246 shares of the company’s stock valued at $37,000 after purchasing an additional 72 shares in the last quarter. Oakworth Capital Inc. increased its stake in SpaceX by 17.8% during the 3rd quarter. Oakworth Capital Inc. now owns 483 shares of the company’s stock worth $73,000 after purchasing an additional 73 shares in the last quarter. Meramec Financial Planners LLC raised its holdings in SpaceX by 83.5% during the 3rd quarter. Meramec Financial Planners LLC now owns 189 shares of the company’s stock worth $29,000 after buying an additional 86 shares during the period. Drive Wealth Management LLC raised its holdings in SpaceX by 5.5% during the 3rd quarter. Drive Wealth Management LLC now owns 1,776 shares of the company’s stock worth $268,000 after buying an additional 93 shares during the period. Finally, Fonville Wealth Management LLC lifted its stake in SpaceX by 3.8% in the third quarter. Fonville Wealth Management LLC now owns 2,719 shares of the company’s stock valued at $410,000 after buying an additional 99 shares in the last quarter.

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.