SpaceX (NASDAQ:SPCX) Shares Up 3.6% – Here’s Why

SpaceX (NASDAQ:SPCX)’s share price shot up 3.6% during trading on Tuesday. The company traded as high as $142.74 and last traded at $141.31. Approximately 71,384,549 shares were traded during mid-day trading, a decline of 30% from the average session volume of 102,605,023 shares. The stock had previously closed at $136.37.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s reported discussions with EchoStar about buying Boost Mobile or accessing its network renewed optimism about a Starlink-and-cellular offering. Boost’s existing customer base could provide a quicker route into wireless, though no deal is confirmed. Article: Why SpaceX shares are rising on Tuesday?
• Positive Sentiment: Recent Q3 results showed revenue up 161% year over year to $14.58 billion, while Starlink subscriber growth and rapidly expanding AI-computing revenue reinforce the company’s growth story. Management is planning a major expansion of computing capacity. Article: SpaceX Just Delivered a Monster Quarter
• Neutral Sentiment: SpaceX objected to OKXICE’s proposed tokenized-stock plan. The move concerns how its shares may be represented and traded, but the report did not describe a direct change to the company’s business outlook. Article: Companies oppose OKXICE tokenized stocks plan
• Negative Sentiment: The AI buildout requires substantial spending: SpaceX reportedly raised its Q4 capital-spending forecast to $35 billion–$40 billion and aims for at least 13 GW of computing capacity by the end of 2027. Investors may focus on funding needs and returns as well as demand. Article: SpaceX raises 2026 capex forecast
• Negative Sentiment: The Boost Mobile path carries execution risk because the business relies on network leases from incumbent carriers, which could complicate a transition. A successful Anthropic IPO could also draw investor capital away from SpaceX, according to one finance professor. Article: SpaceX Starlink’s telecom ground game Article: Anthropic IPO and SpaceX

Analyst Ratings Changes

Several analysts have issued reports on SPCX shares. Citigroup boosted their price target on SpaceX from $200.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Seaport Research Partners downgraded SpaceX from a “buy” rating to a “neutral” rating in a research note on Friday, August 7th. Sanford C. Bernstein set a $267.00 price objective on SpaceX in a research report on Monday, October 26th. Guggenheim started coverage on SpaceX in a research note on Friday, August 7th. They set a “buy” rating for the company. Finally, UBS Group reissued an “overweight” rating and issued a $300.00 target price on shares of SpaceX in a report on Wednesday, October 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $244.97.

SpaceX Stock Performance

The stock has a market capitalization of $1.92 trillion and a P/E ratio of 543.50. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $149.55.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. The business had revenue of $14.57 billion during the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The company’s quarterly revenue was up 161.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.36) EPS. On average, equities research analysts expect that SpaceX will post 0.19 EPS for the current year.

Insider Buying and Selling at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the sale, the chief operating officer owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SPCX. SC US Ttgp LTD. acquired a new stake in SpaceX in the second quarter valued at approximately $20,933,621,000. Darsana Capital Partners LP acquired a new position in shares of SpaceX during the 2nd quarter worth approximately $17,335,783,000. K5 Global Advisor LLC acquired a new position in shares of SpaceX during the 2nd quarter worth approximately $6,587,531,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of SpaceX during the 3rd quarter valued at approximately $4,224,143,000. Finally, Thrive Capital Management LLC purchased a new position in shares of SpaceX during the 2nd quarter valued at approximately $3,231,681,000.

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.