SpaceX (NASDAQ:SPCX) Stock Price Up 7.6% – What’s Next?

Shares of SpaceX (NASDAQ:SPCX) were up 7.6% on Monday. The stock traded as high as $172.47 and last traded at $171.09. Approximately 133,050,603 shares traded hands during mid-day trading, an increase of 29% from the average session volume of 103,178,633 shares. The stock had previously closed at $158.96.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Morgan Stanley reaffirmed its Buy-equivalent rating and $300 price target, saying SpaceX is “cheap and getting cheaper” on growth-adjusted metrics. The firm highlighted potential upside from Starlink, AI computing and solutions to power and chip shortages. Morgan Stanley reiterates $300 target
• Positive Sentiment: Investors are responding to SpaceX’s busy launch schedule. The company completed three launches in roughly 13 hours and is preparing to reattempt a U.S. Space Development Agency mission after a weather-related scrub. Recent crew and satellite missions also reached notable milestones. SpaceX to reattempt SDA mission
• Positive Sentiment: AI growth expectations are adding to the investment case. Bernstein estimates AI revenue could surge nearly 500% next year, while reports say SpaceX held talks with Microsoft about leasing AI-computing capacity. Musk also confirmed discussions with TSMC regarding a dedicated chipmaking facility serving his companies. Microsoft could become an AI customer
• Neutral Sentiment: SpaceX is rebranding its AI unit from SpaceXAI to SpaceXSI, reflecting Musk’s “super intelligence” focus. The move may reinforce the AI narrative, but it does not represent confirmed revenue or a customer contract. SpaceX becomes SpaceXSI
• Negative Sentiment: Valuation and management-related risks remain important. Commentary warns that SpaceX’s speculative valuation could make the stock vulnerable to negative publicity surrounding Elon Musk, particularly as he resumes cooperation with the U.S. government. Other analysts caution that substantial growth is already priced in. Musk and SpaceX stock risks

Analyst Ratings Changes

Several research analysts recently commented on SPCX shares. Mizuho assumed coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $200.00 target price on the stock. Stifel Nicolaus started coverage on SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $190.00 target price for the company. New Street Research upgraded SpaceX to a “strong-buy” rating in a research report on Thursday, June 11th. TD Cowen began coverage on SpaceX in a research note on Monday, September 28th. They issued a “buy” rating and a $200.00 price target on the stock. Finally, Daiwa Securities Group started coverage on SpaceX in a research report on Thursday, July 2nd. They set a “neutral” rating and a $175.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seven have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $218.68.

SpaceX Stock Performance

The stock has a market capitalization of $2.26 trillion and a P/E ratio of -1,901.00. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average price is $139.62.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The business’s revenue was up 91.9% on a year-over-year basis. On average, analysts forecast that SpaceX will post 0.02 EPS for the current fiscal year.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the sale, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Investors Weigh In On SpaceX

Large investors have recently bought and sold shares of the business. Syntax Research Inc. purchased a new stake in SpaceX in the second quarter worth approximately $26,000. Atwood & Palmer Inc. bought a new position in shares of SpaceX during the 2nd quarter valued at $29,000. PayPay Securities Corp purchased a new position in shares of SpaceX in the 2nd quarter worth $30,000. Hickory Point Bank & Trust purchased a new position in shares of SpaceX in the 3rd quarter worth $30,000. Finally, Marquette Asset Management LLC bought a new stake in shares of SpaceX in the second quarter worth $32,000.

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.