SpaceX (NASDAQ:SPCX) Reaches New 12-Month Low – Should You Sell?

SpaceX (NASDAQ:SPCX) hit a new 52-week low during trading on Wednesday . The company traded as low as $145.65 and last traded at $145.9430, with a volume of 40417871 shares trading hands. The stock had previously closed at $149.47.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Wall Street coverage turned sharply positive after SpaceX joined the Nasdaq-100, with multiple firms issuing Buy/Outperform ratings and several upbeat price targets, including some implying substantial upside. SpaceX Joins the Nasdaq-100 Today — and Wall Street Finally Gets to Speak
• Positive Sentiment: SpaceXAI and Cursor are preparing to launch their first joint AI model, reinforcing the company’s push beyond rockets into AI and computing. SpaceX (SPCX) Stock Climbs as SpaceXAI-Cursor Joint AI Model Launch Approaches
• Positive Sentiment: Analysts continue to frame Starlink, AI infrastructure, and orbital compute as key long-term growth drivers, which is helping support a bullish investment case despite the stock’s volatility. SpaceX’s 91% Growth Forecast Isn’t Just a Rocket Story, JPMorgan Says
• Neutral Sentiment: SpaceX launched a small Bitcoin test transaction after months of blockchain inactivity, but this looks more like a technical/operational signal than a direct near-term stock catalyst. SpaceX Breaks 6-Months of Blockchain Silence with an $88 Bitcoin Test Transaction
• Negative Sentiment: Despite the bullish analyst wave, traders appear focused on valuation concerns and “sell-the-news” dynamics after the stock’s rapid rise and Nasdaq-100 debut, which has pressured shares. SpaceX Shares Stumble in Nasdaq-100 Debut
• Negative Sentiment: Some commentary also highlights the company’s high valuation, debt load, and ongoing losses, reminding investors that execution risk remains significant. Should You Buy SpaceX Stock Right Now?

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SPCX. UBS Group started coverage on SpaceX in a research note on Tuesday. They issued a “buy” rating and a $210.00 price objective on the stock. Stifel Nicolaus initiated coverage on shares of SpaceX in a research note on Tuesday. They issued a “buy” rating and a $190.00 target price for the company. New Street Research upgraded shares of SpaceX to a “strong-buy” rating in a research note on Thursday, June 11th. Zacks Research raised shares of SpaceX to a “hold” rating in a report on Monday, June 15th. Finally, Benchmark started coverage on shares of SpaceX in a report on Monday, June 22nd. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.12.

SpaceX Stock Down 2.7%

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.27) EPS for the quarter. The firm had revenue of $4.69 billion for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Dynamic Advisor Solutions LLC bought a new stake in SpaceX during the second quarter valued at $3,383,000. Castle Rock Wealth Management LLC bought a new position in SpaceX in the 2nd quarter worth about $2,310,000. Assenagon Asset Management S.A. purchased a new stake in shares of SpaceX in the 2nd quarter valued at about $2,502,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of SpaceX in the 2nd quarter valued at about $566,000. Finally, Apella Capital LLC bought a new stake in shares of SpaceX during the 2nd quarter valued at about $452,000.

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.