SpaceX (NASDAQ:SPCX) Reaches New 12-Month Low – Here’s Why

SpaceX (NASDAQ:SPCX)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $147.11 and last traded at $157.5960, with a volume of 41796938 shares trading hands. The stock had previously closed at $154.60.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Cathie Wood’s ARK Invest bought more SpaceX shares on the pullback, signaling that some major investors still see long-term upside. Cathie Wood Defies Market Selloff: Invests $64M in SpaceX and Roblox on Huge Single-Day Drops
• Positive Sentiment: SpaceX signed a $6.3 billion compute deal with Reflection AI, which provides recurring revenue and reinforces its role in AI infrastructure. AI startup Reflection signs computing power deal with SpaceX
• Positive Sentiment: Some analysts argue the selloff may be creating a buying opportunity, with bull cases still tied to Starlink growth and AI monetization. SpaceX Valuation Loses Altitude as AI Risks Mount
• Neutral Sentiment: Michael Burry and other skeptics questioned SpaceX’s valuation, but also noted the stock is expensive to short, keeping the debate largely about fundamentals rather than a clear catalyst. Michael Burry Just Refused to Buy the SpaceX IPO. Here Are 3 Companies He Is Buying Instead.
• Negative Sentiment: SpaceX’s first public bond sale and reports that the company may need to raise cash so soon after the IPO have reinforced concerns about leverage and financing needs. SpaceX launches notes offering, discloses $100.8 billion cash balance
• Negative Sentiment: Multiple Wall Street notes downgraded or turned cautious on the stock, warning that the valuation is stretched after the huge IPO pop. SpaceX Stock Down 3% as KeyBanc Starts Coverage with Neutral Rating
• Negative Sentiment: Bearish coverage says rising debt, falling Starlink margins, and AI spending could drag on future earnings and force a lower multiple. SpaceX Valuation Loses Altitude as AI Risks Mount

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Seaport Research Partners raised shares of SpaceX to a “buy” rating in a report on Monday. Susquehanna assumed coverage on shares of SpaceX in a research note on Tuesday. They set a “neutral” rating and a $170.00 price objective for the company. TD Cowen began coverage on shares of SpaceX in a report on Monday. They set a “buy” rating on the stock. Arete Research set a $401.00 price target on shares of SpaceX and gave the company a “buy” rating in a report on Thursday, June 18th. Finally, Wall Street Zen upgraded shares of SpaceX to a “sell” rating in a research report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, SpaceX has an average rating of “Moderate Buy” and an average price target of $212.67.

SpaceX Stock Performance

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

Insider Activity at SpaceX

In related news, CEO Elon Musk sold 11,390 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $105.32, for a total transaction of $1,199,594.80. Following the transaction, the chief executive officer directly owned 526,165,900 shares of the company’s stock, valued at approximately $55,415,792,588. This trade represents a 0.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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.