SpaceX (NASDAQ:SPCX) Trading Up 6.4% – Here’s Why

SpaceX (NASDAQ:SPCX) was up 6.4% during mid-day trading on Thursday . The stock traded as high as $152.30 and last traded at $149.74. Approximately 120,576,050 shares were traded during mid-day trading, an increase of 14% from the average daily volume of 105,802,383 shares. The stock had previously closed at $140.71.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Investor optimism remains high ahead of a planned Labor Day weekend Falcon 9 launch from Vandenberg. A successful mission would reinforce SpaceX’s launch reliability and market leadership. SpaceX Labor Day weekend rocket launch
• Positive Sentiment: Recent earnings continue to provide a fundamental underpinning: revenue rose roughly 92% year over year to $7.8 billion, while Starlink subscriber growth, connectivity demand and expanding AI-compute revenue fueled bullish views. Some analysts believe SpaceX’s AI infrastructure could become a major long-term growth engine. SpaceX market capitalization and growth outlook
• Positive Sentiment: A reported $10 million bullish options position betting on a recovery toward $175, along with bullish analyst targets, signals continued institutional and speculative interest in SPCX. SpaceX bullish options bet
• Neutral Sentiment: Starship Test 14 is approaching, reportedly with a potential launch window in mid-September. The event could be a meaningful catalyst, but investors are also focused on the risk of delays or another unsuccessful test. SpaceX Starship Test 14
• Negative Sentiment: The Sept. 9 share unlock is the most immediate overhang. Newly eligible insider and early-investor shares could increase supply and create selling pressure after the recent rally. SpaceX share unlock
• Negative Sentiment: Valuation and capital intensity remain significant risks. SpaceX reportedly spent $18.4 billion in one quarter, including $15.8 billion on AI, while remaining GAAP-loss-making. Critics argue that much of the company’s future success is already reflected in its multitrillion-dollar valuation. SpaceX valuation and capital spending analysis

Wall Street Analysts Forecast Growth

SPCX has been the topic of several recent research reports. The Goldman Sachs Group began coverage on SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $205.00 price target on the stock. Wall Street Zen upgraded SpaceX from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. TD Cowen began coverage on SpaceX in a research note on Monday, June 22nd. They issued a “buy” rating for the company. Oppenheimer boosted their price objective on shares of SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Roth Capital upgraded shares of SpaceX to a “buy” rating in a report on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have assigned a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and a consensus price target of $221.20.

SpaceX Stock Down 1.2%

The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The business has a fifty day simple moving average of $136.15. The stock has a market cap of $1.93 trillion and a price-to-earnings ratio of -1,643.89.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. The business’s revenue for the quarter was up 91.9% on a year-over-year basis. As a group, analysts anticipate that SpaceX will post -0.15 EPS for the current year.

Institutional Investors Weigh In On SpaceX

A number of institutional investors have recently made changes to their positions in the company. Syntax Research Inc. bought a new position in shares of SpaceX during the second quarter worth approximately $26,000. Atwood & Palmer Inc. bought a new stake in SpaceX in the 2nd quarter valued at $29,000. PayPay Securities Corp acquired a new position in SpaceX in the 2nd quarter valued at $30,000. Marquette Asset Management LLC bought a new position in SpaceX during the 2nd quarter worth $32,000. Finally, POM Investment Strategies LLC acquired a new stake in shares of SpaceX during the second quarter worth $39,000.

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.