SpaceX (NASDAQ:SPCX) Shares Climb 1.1% – Here’s Why

SpaceX (NASDAQ:SPCX) shot up 1.1% on Wednesday. The stock traded as high as $152.58 and last traded at $150.86. Approximately 79,012,187 shares traded hands during trading, a decline of 23% from the average session volume of 103,011,375 shares. The stock had previously closed at $149.24.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starship reached orbit for the first time. Flight 14 deployed 26 Starlink satellites and completed a controlled splashdown, marking a meaningful step toward larger Starlink deployments, lower launch costs and eventual vehicle reusability. The mission ended earlier than planned after an engine-related issue, but analysts broadly viewed the orbital milestone as strategically significant. SpaceX Reached Orbit And Deployed 26 Satellites For The First Time
• Positive Sentiment: Analysts raised or reaffirmed bullish views. TD Cowen initiated coverage at Strong Buy with a $200 target, while Needham maintained a $250 target and Citi outlined a long-term $900 scenario tied to Starship, Starlink and AI growth. These targets imply substantial upside from recent trading levels and are helping sustain investor interest. SpaceX’s Next Big Business Is on the Ground
• Positive Sentiment: AI compute demand is emerging as a major catalyst. Reports indicate Anthropic could commit up to $84.5 billion for SpaceX compute capacity through 2029. SpaceX is also expanding its Memphis data centers and may increase Nvidia GPU deployments, creating a potential new revenue stream beyond launches and satellite broadband. Anthropic’s IPO Prospectus Shows Compute Agreements
• Neutral Sentiment: Additional operating milestones are approaching. SpaceX is preparing a Falcon 9 rideshare mission carrying roughly 130 payloads and a NASA Crew-13 launch, while Starlink V3 satellites could intensify competition with traditional cable providers. These developments support the long-term growth narrative but do not necessarily provide immediate earnings impact. SpaceX Plans Large West Coast Rideshare Mission
• Negative Sentiment: Valuation and execution risks remain elevated. Critics argue that SpaceX’s roughly $2 trillion valuation already discounts years of successful Starship reuse, rapid launch growth and AI expansion. The early Starship mission conclusion, rising short interest and the company’s ongoing dispute with Delta also give investors reasons for caution. SpaceX: The Valuation Has Outrun the Fundamentals

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SPCX shares. Bank of America initiated coverage on SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $235.00 target price on the stock. Cfra began coverage on SpaceX in a report on Friday, June 12th. They issued a “sell” rating and a $115.00 price objective for the company. Canaccord Genuity Group started coverage on SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $246.00 price objective on the stock. Citigroup lowered shares of SpaceX from a “buy” rating to a “sell” rating in a research report on Friday, August 7th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $175.00 target price on shares of SpaceX in a research note on Wednesday, August 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seven have issued a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SpaceX presently has an average rating of “Moderate Buy” and an average price target of $218.68.

SpaceX Stock Up 1.1%

The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The company has a market cap of $1.99 trillion and a P/E ratio of -1,676.22. The company’s 50-day simple moving average is $137.43.

SpaceX (NASDAQ:SPCX) last issued its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The firm’s quarterly revenue was up 91.9% on a year-over-year basis. As a group, equities analysts anticipate that SpaceX will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the sale, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Investors Weigh In On SpaceX

A number of institutional investors and hedge funds have recently made changes to their positions in SPCX. SC US Ttgp LTD. bought a new stake in shares of SpaceX during the 2nd quarter valued at about $20,933,621,000. Darsana Capital Partners LP bought a new stake in SpaceX during the second quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC purchased a new position in SpaceX in the 2nd quarter worth approximately $6,587,531,000. State Street Corp purchased a new stake in shares of SpaceX during the 2nd quarter valued at $1,858,329,000. Finally, Dragoneer Investment Group LLC bought a new stake in shares of SpaceX during the 2nd quarter worth $1,366,880,000.

About SpaceX

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.