SpaceX (NASDAQ:SPCX) Stock Price Down 1.4% – Here’s Why

SpaceX (NASDAQ:SPCX) fell 1.4% on Friday . The company traded as low as $149.93 and last traded at $152.71. Approximately 333,644,709 shares changed hands during trading, an increase of 216% from the average session volume of 105,585,180 shares. The stock had previously closed at $154.81.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Nasdaq-100 inclusion could create substantial buying demand. SpaceX’s index weighting is expected to increase from approximately 1.28% to 2.82%, potentially generating an estimated $15.5 billion to $22 billion in passive fund purchases as the rebalance takes effect. SpaceX Nasdaq-100 weighting article
• Positive Sentiment: Starlink received an important regulatory boost. The FCC approved SpaceX’s global authority to provide Starlink mobile services, supporting its plans for direct-to-phone connectivity and broader competition with terrestrial 5G networks. Elon Musk also said Starlink reliability can now exceed cable broadband in some markets. FCC approves Starlink mobile services article
• Positive Sentiment: NASA selected SpaceX for the StarBurst mission. The launch contract adds to SpaceX’s government backlog and reinforces its position in the space-launch market, although the near-term financial impact is likely limited. NASA StarBurst mission article
• Neutral Sentiment: Investors continue to speculate about orbital AI data centers. SpaceX reportedly wants to launch NVIDIA computing hardware into orbit, potentially creating a new AI infrastructure business. However, cooling, radiation, data-transfer, maintenance and regulatory challenges make this a long-term possibility rather than an immediate earnings driver. SpaceX AI data initiatives article
• Negative Sentiment: Starship’s first orbital flight was delayed. The launch target reportedly moved from September 22 to September 28, pending regulatory approval. Because Starship is central to future Starlink expansion and other growth ambitions, the delay is weighing on sentiment and reducing a near-term catalyst. Starship orbital flight delay article
• Negative Sentiment: Retail investors have been selling into the rally. Reports indicate hundreds of millions of dollars in recent retail sales, adding short-term pressure despite optimistic analyst forecasts and expected index-fund demand. Retail SpaceX selling article

Wall Street Analyst Weigh In

SPCX has been the topic of several research analyst reports. Mizuho initiated coverage on SpaceX in a research note on Tuesday, July 7th. They set an “outperform” rating and a $200.00 price objective on the stock. Barclays upgraded SpaceX from an “underweight” rating to an “overweight” rating in a report on Monday, June 22nd. Royal Bank Of Canada lowered SpaceX from an “outperform” rating to a “hold” rating in a research report on Friday, August 7th. Weiss Ratings started coverage on SpaceX in a research report on Tuesday, September 1st. They issued a “sell (d)” rating for the company. Finally, Wall Street Zen raised SpaceX from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have assigned a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $221.42.

SpaceX Trading Down 1.4%

The stock has a market capitalization of $2.00 trillion and a PE ratio of -1,696.78. The firm’s 50 day moving average price is $134.54. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12.

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

Hedge Funds Weigh In On SpaceX

Hedge funds have recently made changes to their positions in the business. Syntax Research Inc. bought a new stake in shares of SpaceX in the second quarter worth $26,000. Atwood & Palmer Inc. acquired a new stake in SpaceX in the 2nd quarter valued at $29,000. PayPay Securities Corp bought a new stake in SpaceX during the 2nd quarter worth about $30,000. Marquette Asset Management LLC bought a new stake in SpaceX during the 2nd quarter worth about $32,000. Finally, Community Bank N.A. acquired a new position in shares of SpaceX during the 2nd quarter worth about $38,000.

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, serving commercial, government and scientific customers.

SpaceX’s principal products include the Falcon 9 and Falcon Heavy rockets, which are used to launch satellites, spacecraft and other payloads into orbit. The company also develops the Dragon spacecraft, which supports cargo and crew missions to low Earth orbit, including missions for NASA and other customers.

Through its Starlink business, SpaceX operates a large constellation of low Earth orbit satellites that provides broadband internet service to customers in numerous countries and regions.