SpaceX (NASDAQ:SPCX) Shares Up 4.4% – Here’s Why

SpaceX (NASDAQ:SPCX)’s stock price was up 4.4% during trading on Monday . The stock traded as high as $149.80 and last traded at $146.23. 115,767,846 shares traded hands during mid-day trading, a decline of 0% from the average daily volume of 115,864,672 shares. The stock had previously closed at $140.00.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Institutional buying is supporting sentiment. Second-quarter filings showed positions in SpaceX from more than 1,500 institutions, including Harvard Management, Viking Global, Intesa Sanpaolo, Nvidia, Alphabet, and Norway’s sovereign wealth fund. These disclosures are being interpreted as validation from large investors. SpaceX Stock Is Everywhere: Google, Nvidia, AMD, Harvard Disclose Stakes
• Positive Sentiment: Analysts see substantial upside. UBS maintained a $210 price target, citing Starlink’s next-generation V3 satellites and network expansion, while Morgan Stanley reiterated a Buy rating and a $300 target based on AI infrastructure, vertical integration, and long-term growth. SpaceX Stock Could Hit $210, Says UBS
• Positive Sentiment: AI and Starlink are expanding SpaceX’s growth narrative. SpaceX reportedly plans to rely exclusively on Nvidia chips for its AI infrastructure, potentially accelerating computing capabilities while benefiting Nvidia. Investors are also weighing plans for very large data-center investments and rising Starlink profitability. SpaceX Is Spending Big on AI
• Positive Sentiment: Operational execution remains a catalyst. SpaceX completed two Falcon 9 launches roughly 38 minutes apart, highlighting the company’s launch cadence and reusable-rocket advantages. SpaceX Launches 2 Rockets 38 Minutes Apart
• Neutral Sentiment: Potential Tesla merger speculation is adding attention but not fundamentals. Prediction markets are assigning increased odds to a SpaceX-Tesla combination in the first half of 2027, while commentators warn that valuation and governance issues could make such a deal controversial. Prediction Markets Set Date for SpaceX-Tesla Merger
• Negative Sentiment: Lock-up expirations could increase selling pressure. A large release of additional shares is scheduled for August 20, potentially expanding the unusually limited post-IPO float and increasing volatility. More SpaceX Shares Could Flood the Market
• Negative Sentiment: Valuation and spending concerns remain. Phillip Securities reiterated a Sell rating with a $75 target, citing heavy AI spending and customer-concentration risks. Musk’s ambitious data-center plans could require enormous capital expenditures before producing returns. Analyst Flags AI Spending and Customer Concentration Risks

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SPCX shares. Mizuho started coverage on SpaceX in a report on Tuesday, July 7th. They issued an “outperform” rating and a $200.00 price objective on the stock. Evercore started coverage on SpaceX in a report on Tuesday, July 14th. They issued an “outperform” rating and a $230.00 price target for the company. Phillip Securities upgraded shares of SpaceX to a “strong sell” rating in a research note on Friday, July 31st. The Goldman Sachs Group assumed coverage on shares of SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $205.00 price objective on the stock. Finally, KGI Securities downgraded shares of SpaceX from an “outperform” rating to a “hold” rating in a research report on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $224.34.

SpaceX Price Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The stock has a market cap of $1.91 trillion and a price-to-earnings ratio of -1,624.78. The company has a 50-day moving average price of $142.98.

SpaceX (NASDAQ:SPCX) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. The firm’s revenue was up 91.9% compared to the same quarter last year. As a group, equities research analysts predict that SpaceX will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On SpaceX

A number of hedge funds have recently modified their holdings of SPCX. Hyperion Asset Management Ltd purchased a new position in SpaceX during the 2nd quarter worth $201,137,000. Tema ETFs LLC purchased a new stake in shares of SpaceX in the second quarter valued at about $32,037,000. Teamwork Financial Advisors LLC acquired a new stake in shares of SpaceX during the second quarter worth about $8,027,000. Heck Capital Advisors LLC acquired a new stake in shares of SpaceX during the second quarter worth about $3,768,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of SpaceX during the second quarter worth about $3,383,000.

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.