SpaceX (NASDAQ:SPCX) Hits New 1-Year Low – Here’s Why

Shares of SpaceX (NASDAQ:SPCX) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $145.65 and last traded at $145.9430, with a volume of 40417871 shares trading hands. The stock had previously closed at $149.47.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Wall Street coverage turned sharply positive after SpaceX joined the Nasdaq-100, with multiple firms issuing Buy/Outperform ratings and several upbeat price targets, including some implying substantial upside. SpaceX Joins the Nasdaq-100 Today — and Wall Street Finally Gets to Speak
• Positive Sentiment: SpaceXAI and Cursor are preparing to launch their first joint AI model, reinforcing the company’s push beyond rockets into AI and computing. SpaceX (SPCX) Stock Climbs as SpaceXAI-Cursor Joint AI Model Launch Approaches
• Positive Sentiment: Analysts continue to frame Starlink, AI infrastructure, and orbital compute as key long-term growth drivers, which is helping support a bullish investment case despite the stock’s volatility. SpaceX’s 91% Growth Forecast Isn’t Just a Rocket Story, JPMorgan Says
• Neutral Sentiment: SpaceX launched a small Bitcoin test transaction after months of blockchain inactivity, but this looks more like a technical/operational signal than a direct near-term stock catalyst. SpaceX Breaks 6-Months of Blockchain Silence with an $88 Bitcoin Test Transaction
• Negative Sentiment: Despite the bullish analyst wave, traders appear focused on valuation concerns and “sell-the-news” dynamics after the stock’s rapid rise and Nasdaq-100 debut, which has pressured shares. SpaceX Shares Stumble in Nasdaq-100 Debut
• Negative Sentiment: Some commentary also highlights the company’s high valuation, debt load, and ongoing losses, reminding investors that execution risk remains significant. Should You Buy SpaceX Stock Right Now?

Wall Street Analyst Weigh In

SPCX has been the topic of a number of recent research reports. TD Cowen started coverage on SpaceX in a report on Monday, June 22nd. They issued a “buy” rating on the stock. JPMorgan Chase & Co. initiated coverage on SpaceX in a research report on Tuesday. They issued an “overweight” rating and a $225.00 price target for the company. Mizuho started coverage on SpaceX in a research note on Tuesday. They set an “outperform” rating and a $200.00 price objective on the stock. Stifel Nicolaus initiated coverage on shares of SpaceX in a report on Tuesday. They set a “buy” rating and a $190.00 price objective on the stock. Finally, New Street Research upgraded shares of SpaceX to a “strong-buy” rating in a report on Thursday, June 11th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $239.12.

SpaceX Price Performance

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($1.27) EPS for the quarter. The company had revenue of $4.69 billion during the quarter.

Hedge Funds Weigh In On SpaceX

Several institutional investors have recently added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC bought a new stake in SpaceX in the second quarter worth about $3,383,000. Castle Rock Wealth Management LLC purchased a new stake in shares of SpaceX during the 2nd quarter worth approximately $2,310,000. Assenagon Asset Management S.A. bought a new stake in shares of SpaceX in the 2nd quarter worth approximately $2,502,000. KERR FINANCIAL PLANNING Corp purchased a new position in SpaceX in the second quarter valued at approximately $566,000. Finally, Apella Capital LLC purchased a new position in SpaceX in the second quarter valued at approximately $452,000.

About SpaceX

SpaceX, or Space Exploration Technologies Corp., is an American aerospace company focused on the design, manufacture and launch of advanced rockets and spacecraft. The company develops launch vehicles and space systems used for commercial, government and scientific missions, with a strong emphasis on lowering the cost of access to space through reusable rocket technology.

Founded in 2002 by Elon Musk, SpaceX has built a broad portfolio of products and services that includes the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starship development program.