SpaceX (NASDAQ:SPCX) Shares Up 1.1% – Still a Buy?

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

SpaceX News Summary

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 Analyst Weigh In

SPCX has been the subject of a number of recent research reports. Wolfe Research restated an “outperform” rating and set a $175.00 price target on shares of SpaceX in a research note on Wednesday, August 26th. Evercore began coverage on shares of SpaceX in a report on Tuesday, July 14th. They issued an “outperform” rating and a $230.00 target price on the stock. CLSA started coverage on SpaceX in a research note on Monday. They set an “outperform” rating and a $250.00 price target for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $246.00 price objective on shares of SpaceX in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of SpaceX in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seven have assigned a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $218.68.

SpaceX Trading Up 1.1%

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 business has a 50-day moving average price of $137.43. The stock has a market capitalization of $1.99 trillion and a price-to-earnings ratio of -1,676.22.

SpaceX (NASDAQ:SPCX) last posted 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 firm had revenue of $7.81 billion for the quarter. The company’s revenue was up 91.9% on a year-over-year basis. On average, equities research analysts expect that SpaceX will post -0.15 EPS for the current year.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the business’s 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 transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. 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

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