SpaceX (NASDAQ:SPCX) Trading Up 3.1% – Here’s What Happened

Shares of SpaceX (NASDAQ:SPCX) rose 3.1% on Tuesday . The company traded as high as $129.88 and last traded at $123.54. 78,748,715 shares traded hands during trading, a decline of 31% from the average session volume of 114,108,547 shares. The stock had previously closed at $119.85.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Macquarie reiterated a bullish view on SpaceX, calling it a premier AI infrastructure asset and raising optimism with a $250 price target. Article Title
• Positive Sentiment: SpaceX is reportedly in talks with the Department of Defense for a multibillion-dollar AI deal, which could open a new high-margin growth avenue beyond rockets and launch services. Article Title
• Positive Sentiment: Elon Musk’s warning to short sellers has added to the rebound narrative, with traders betting that heavy short interest could fuel further upside if momentum continues. Article Title
• Positive Sentiment: Investor interest also got a boost from Cathie Wood’s ARK buying more SpaceX shares, signaling that some high-profile funds see value after the pullback. Article Title
• Neutral Sentiment: SpaceX set its first earnings report for August 4, which is a major upcoming test for the stock but also adds uncertainty because the company has not yet proven public-market execution. Article Title
• Neutral Sentiment: More than 1.37 billion shares are scheduled to unlock after earnings, which could increase trading volume and pressure from insider selling, though timing depends on how investors interpret the results. Article Title
• Neutral Sentiment: SpaceX also continues to draw attention from index inclusion and market-cap ranking changes, but those headlines are mostly about visibility rather than a direct business improvement. Article Title
• Negative Sentiment: The stock remains under pressure from its post-IPO slide, valuation concerns, and looming lockup expiration risks, which have kept many investors cautious despite the rebound. Article Title

Analyst Ratings Changes

SPCX has been the topic of several recent research reports. Morgan Stanley set a $225.00 price target on SpaceX in a report on Thursday, July 16th. Needham & Company LLC raised their target price on shares of SpaceX from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Canaccord Genuity Group started coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $246.00 price target for the company. Wedbush assumed coverage on shares of SpaceX in a report on Tuesday, June 30th. They issued an “outperform” rating and a $190.00 price objective on the stock. Finally, Raymond James Financial assumed coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “strong-buy” rating and a $800.00 price objective on the stock. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and an average target price of $234.78.

SpaceX Price Performance

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

Institutional Trading of SpaceX

A number of large investors have recently made changes to their positions in SPCX. KERR FINANCIAL PLANNING Corp acquired a new stake in SpaceX during the 2nd quarter worth $566,000. Burkett Financial Services LLC acquired a new position in SpaceX in the second quarter valued at about $70,000. Dogwood Wealth Management LLC bought a new stake in shares of SpaceX in the second quarter worth about $139,000. Dynamic Advisor Solutions LLC bought a new stake in shares of SpaceX in the second quarter worth about $3,383,000. Finally, Apella Capital LLC acquired a new stake in shares of SpaceX during the second quarter worth about $452,000.

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.