SpaceX (NASDAQ:SPCX) Stock Price Up 3.6% – Should You Buy?

SpaceX (NASDAQ:SPCX)’s share price was up 3.6% during mid-day trading on Tuesday. The company traded as high as $142.74 and last traded at $141.31. Approximately 71,384,549 shares were traded during mid-day trading, a decline of 30% from the average session volume of 102,605,023 shares. The stock had previously closed at $136.37.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s reported discussions with EchoStar about buying Boost Mobile or accessing its network renewed optimism about a Starlink-and-cellular offering. Boost’s existing customer base could provide a quicker route into wireless, though no deal is confirmed. Article: Why SpaceX shares are rising on Tuesday?
• Positive Sentiment: Recent Q3 results showed revenue up 161% year over year to $14.58 billion, while Starlink subscriber growth and rapidly expanding AI-computing revenue reinforce the company’s growth story. Management is planning a major expansion of computing capacity. Article: SpaceX Just Delivered a Monster Quarter
• Neutral Sentiment: SpaceX objected to OKXICE’s proposed tokenized-stock plan. The move concerns how its shares may be represented and traded, but the report did not describe a direct change to the company’s business outlook. Article: Companies oppose OKXICE tokenized stocks plan
• Negative Sentiment: The AI buildout requires substantial spending: SpaceX reportedly raised its Q4 capital-spending forecast to $35 billion–$40 billion and aims for at least 13 GW of computing capacity by the end of 2027. Investors may focus on funding needs and returns as well as demand. Article: SpaceX raises 2026 capex forecast
• Negative Sentiment: The Boost Mobile path carries execution risk because the business relies on network leases from incumbent carriers, which could complicate a transition. A successful Anthropic IPO could also draw investor capital away from SpaceX, according to one finance professor. Article: SpaceX Starlink’s telecom ground game Article: Anthropic IPO and SpaceX

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of SpaceX from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. Pivotal Research raised their price target on shares of SpaceX from $230.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Wolfe Research restated an “outperform” rating and issued a $175.00 price objective on shares of SpaceX in a report on Wednesday, August 26th. Arete Research set a $450.00 target price on SpaceX in a research note on Tuesday, August 11th. Finally, Moffett Nathanson lifted their target price on SpaceX from $131.00 to $142.00 and gave the stock a “neutral” rating in a report on Monday, September 14th. Four research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $244.97.

SpaceX Price Performance

The company has a market cap of $1.92 trillion and a P/E ratio of 543.50. The business’s 50-day moving average is $149.55. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20.

SpaceX (NASDAQ:SPCX) last posted its earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. The business had revenue of $14.57 billion during the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The company’s revenue for the quarter was up 161.4% on a year-over-year basis. During the same period last year, the firm posted ($0.36) EPS. On average, analysts predict that SpaceX will post 0.19 EPS for the current year.

Insider Activity at SpaceX

In related 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 $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SPCX. Syntax Research Inc. purchased a new position in shares of SpaceX in the second quarter worth approximately $26,000. Atwood & Palmer Inc. purchased a new stake in SpaceX during the second quarter valued at approximately $29,000. PayPay Securities Corp bought a new position in SpaceX in the second quarter worth approximately $30,000. Hickory Point Bank & Trust bought a new position in SpaceX in the third quarter worth approximately $30,000. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of SpaceX during the 3rd quarter worth $30,000.

About SpaceX

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.