SpaceX (NASDAQ:SPCX) Stock Price Up 4.4% – Here’s What Happened

SpaceX (NASDAQ:SPCX)’s stock price was up 4.4% during trading on Monday . The company traded as high as $149.80 and last traded at $146.23. 115,767,846 shares were traded during trading, a decline of 0% from the average daily 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: Strong growth and Starlink potential: SpaceX reported second-quarter revenue of $7.81 billion, up 91.9% year over year, while its adjusted loss was narrower than expected. Investors are particularly focused on Starlink V3 and direct-to-cell services as potential drivers of recurring, higher-margin revenue. Orbiting Wealth: Institutions Load Up SpaceX
• Positive Sentiment: Institutional buying supports sentiment: Q2 filings showed sizable positions from Nvidia, Alphabet, Harvard Management, the University of California, Viking Global and other investors. These disclosures helped fuel the recent rebound and suggest some institutions view SpaceX as a long-term space and AI infrastructure opportunity. SpaceX Stock Jumps After Multibillion-Dollar Stakes Revealed
• Positive Sentiment: Analyst and business catalysts: UBS maintained a $210 target, while Morgan Stanley reiterated a $300 target, citing Starlink expansion, vertical integration and long-term AI opportunities. SpaceX also signed a 2027 launch agreement with Vietnam’s VinSpace and completed its $60 billion Cursor acquisition, strengthening its AI ambitions. SpaceX Adds New Satellite Customer With 2027 VinSpace Launch Deal
• Neutral Sentiment: Near-term trading catalyst: Approximately 319 million additional shares become eligible for trading on August 20, following 912 million shares released earlier in August. The event could increase supply and volatility, although investors are also anticipating possible Nasdaq-related fund demand during the September rebalance. SpaceX Stock Faces a Huge September Catalyst
• Negative Sentiment: Valuation and profitability concerns: With a market capitalization near $1.87 trillion and a price-to-sales multiple above 100, critics argue that exceptional execution is already priced in. Heavy spending on AI and Starship keeps SpaceX unprofitable, and bearish analysts have cited targets as low as $10–$75. SpaceX Stock Trades Near $143
• Negative Sentiment: Execution and reputational risks: Long-term AI upside depends on Starship achieving rapid, full reusability. NASA imagery showing a crater created by a SpaceX rocket impact on the Moon may also add reputational pressure, although it is unlikely to materially affect near-term financial results. Before and After Pictures Show Moon Crater After SpaceX Crash

Wall Street Analysts Forecast Growth

SPCX has been the subject of several analyst reports. Canaccord Genuity Group started coverage on SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $246.00 price objective for the company. Wall Street Zen raised shares of SpaceX from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Oppenheimer boosted their target price on shares of SpaceX from $190.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, June 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a report on Friday, July 24th. Finally, HSBC initiated coverage on shares of SpaceX in a research note on Thursday, July 23rd. They set a “hold” rating and a $115.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, SpaceX currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.34.

SpaceX Stock Down 2.0%

The stock’s 50-day moving average is $143.05. 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 stock has a market cap of $1.87 trillion and a PE ratio of -1,592.67.

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

Hedge Funds Weigh In On SpaceX

Several institutional investors have recently made changes to their positions in SPCX. Hyperion Asset Management Ltd purchased a new stake in SpaceX during the 2nd quarter valued at about $201,137,000. Assenagon Asset Management S.A. acquired a new position in shares of SpaceX during the 2nd quarter worth approximately $2,502,000. Sage Capital Advisors llc purchased a new stake in shares of SpaceX in the second quarter valued at approximately $3,254,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of SpaceX in the second quarter valued at approximately $3,383,000. Finally, Canvas Wealth Advisors LLC acquired a new stake in shares of SpaceX in the second quarter valued at approximately $2,598,000.

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.