SpaceX (NASDAQ:SPCX) Stock Price Up 1.3% – Should You Buy?

SpaceX (NASDAQ:SPCX)’s stock price rose 1.3% during trading on Monday. The company traded as high as $151.01 and last traded at $147.96. Approximately 73,261,935 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 100,782,281 shares. The stock had previously closed at $146.03.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Optimism ahead of earnings: Analysts expect approximately $12.9 billion in third-quarter revenue and $0.14 in earnings per share. Options trading implies a potentially large post-earnings move, while Bernstein reiterated a Buy rating and a $248 price target. SpaceX Q3 Earnings Preview
• Positive Sentiment: Long-term Starlink and space expansion: SpaceX is seeking regulatory approval to dramatically increase Starship launch activity and is expanding Starlink’s direct-to-device business. Its planned spectrum acquisition could help Starlink compete more directly with wireless carriers and extend service indoors. Starlink Mobile Expansion
• Positive Sentiment: Share giveaway supports investor attention: Elon Musk said he plans to give one SpaceX share to every U.S. child next year, potentially distributing more than $10 billion worth of stock. Although details remain unclear, the proposal generated favorable publicity and contributed to the stock’s near-term momentum. Musk SpaceX Share Giveaway
• Neutral Sentiment: Merger speculation: Reports continue to discuss a possible Tesla–SpaceX combination, including an RBC scenario valuing Tesla at $480 per share. However, no transaction has been announced, and analysts note that combining the companies would be complex. SpaceX Tesla Merger Speculation
• Negative Sentiment: Earnings and spending risks: Some analysts warn that contract timing could cause a revenue miss, while management’s projected capital spending—particularly for AI—could rise sharply. Investors will focus on Starlink profitability, cash flow and 2027 spending guidance.
• Negative Sentiment: Potential stock supply and regulatory concerns: Musk’s donation and the release of insider lockups may increase the amount of stock available for trading. Separately, a Bulgarian court approved arrest warrants connected to a Starlink-related fire, adding a limited legal and reputational risk. Starlink Fire Arrest Warrants

Analyst Ratings Changes

Several research firms recently weighed in on SPCX. Stifel Nicolaus began coverage on SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $190.00 target price on the stock. DZ Bank started coverage on SpaceX in a report on Friday, August 21st. They issued a “sell” rating and a $100.00 price target for the company. Erste Group Bank began coverage on shares of SpaceX in a research note on Thursday, October 8th. They set a “hold” rating for the company. Oppenheimer increased their price objective on shares of SpaceX from $250.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Finally, Clear Str upgraded shares of SpaceX to a “strong-buy” rating in a report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.44.

SpaceX Trading Up 1.3%

The company has a market capitalization of $1.95 trillion and a P/E ratio of -1,644.00. 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 company’s 50 day simple moving average is $148.44.

SpaceX (NASDAQ:SPCX) last issued its earnings results 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 during the quarter. The business’s revenue for the quarter was up 91.9% compared to the same quarter last year. As a group, analysts predict that SpaceX will post 0.07 earnings per share for the current year.

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company’s 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 directly owned 2,472,035 shares in the company, valued at $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of SpaceX

Institutional investors have recently modified their holdings of the company. Viking Fund Management LLC acquired a new position in SpaceX during the third quarter valued at approximately $1,358,000. Wedbush Securities Inc. acquired a new stake in shares of SpaceX in the second quarter worth $5,094,000. Avior Wealth Management LLC purchased a new position in shares of SpaceX in the 3rd quarter valued at $2,934,000. Apella Capital LLC raised its stake in shares of SpaceX by 218.2% in the 3rd quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock valued at $1,412,000 after acquiring an additional 5,777 shares during the period. Finally, Hyperion Asset Management Ltd acquired a new position in shares of SpaceX during the 2nd quarter valued at $201,137,000.

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.