SpaceX (NASDAQ:SPCX) Sees Unusually-High Trading Volume – Time to Buy?

Shares of SpaceX (NASDAQ:SPCX) saw an uptick in trading volume on Thursday . 88,950,078 shares traded hands during trading, a decline of 15% from the previous session’s volume of 104,686,766 shares.The stock last traded at $110.1790 and had previously closed at $108.27.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Lockup expiration did not trigger an immediate selloff: Approximately 911.5 million previously restricted shares became eligible for trading, potentially increasing the public float by about 143%. The stock’s resilience suggests selling pressure may be more limited than feared, at least initially. SpaceX Climbs as Lockup Expiration Fails to Trigger a Selloff
• Positive Sentiment: Strong operating growth supports the long-term bull case: Second-quarter revenue rose 91.9% to $7.81 billion, while the adjusted loss of $0.09 per share beat expectations. Starlink growth, AI-cloud contracts and defense awards are driving optimism, and JPMorgan analyst support reflects potential upside from future AI and compute monetization. SPCX Shares Fall Despite Solid Q2 Results
• Positive Sentiment: New strategic investments could expand SpaceX’s addressable market: SpaceX and Tesla plan an initial $16.8 billion investment in Terafab, an AI-chip manufacturing complex in Texas. Elon Musk also said Starship may have solved a major technical problem, potentially improving the economics of future launches. SpaceX says Terafab to be built in Texas
• Neutral Sentiment: Investor opinions remain sharply divided: Bullish investors point to SpaceX’s AI, Starlink and space-infrastructure growth, while former hedge-fund manager Whitney Tilson calls SPCX the most overvalued large-cap stock ever and estimates roughly $1 trillion of overvaluation. SpaceX Stock Overvalued, Former Hedge Funder Says
• Negative Sentiment: Capital intensity remains the key risk: SpaceX spent $18.4 billion in capital expenditures during the quarter, primarily on AI infrastructure, and expects elevated spending to continue. Investors remain concerned about cash burn, execution risk and whether cloud contracts will generate sufficient returns to justify the valuation. Additional restricted shares are also scheduled to unlock later this year. SpaceX Faces Test as Shares Unlock

Analysts Set New Price Targets

Several analysts have weighed in on SPCX shares. Moffett Nathanson began coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “neutral” rating and a $131.00 price target for the company. HSBC began coverage on shares of SpaceX in a research report on Thursday, July 23rd. They set a “hold” rating and a $115.00 price objective on the stock. Susquehanna began coverage on shares of SpaceX in a research note on Tuesday, June 23rd. They set a “neutral” rating and a $170.00 price target on the stock. KeyCorp restated a “sector weight” rating on shares of SpaceX in a report on Tuesday, July 28th. Finally, Wedbush began coverage on shares of SpaceX in a research note on Tuesday, June 30th. They issued an “outperform” rating and a $190.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $229.71.

SpaceX Stock Performance

SpaceX (NASDAQ:SPCX) last released its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. SpaceX’s revenue for the quarter was up 91.9% on a year-over-year basis.

Hedge Funds Weigh In On SpaceX

A number of institutional investors have recently modified their holdings of the business. KERR FINANCIAL PLANNING Corp bought a new stake in shares of SpaceX in the 2nd quarter valued at $566,000. Burkett Financial Services LLC bought a new position in shares of SpaceX during the second quarter valued at about $70,000. Dogwood Wealth Management LLC bought a new stake in SpaceX during the 2nd quarter valued at approximately $139,000. Dynamic Advisor Solutions LLC bought a new position in shares of SpaceX during the second quarter valued at $3,383,000. Finally, Apella Capital LLC bought a new position in SpaceX during 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.