SpaceX (NASDAQ:SPCX) Stock Price Down 1% – Should You Sell?

SpaceX (NASDAQ:SPCX) fell 1% on Tuesday . The company traded as low as $141.17 and last traded at $142.23. Approximately 52,692,481 shares were traded during trading, a decline of 51% from the average session volume of 106,533,672 shares. The stock had previously closed at $143.69.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: AI computing demand is strengthening. Elon Musk said Google, Anthropic and other technology companies are leasing SpaceX computing capacity because electricity supplies are becoming a major constraint for AI data centers. SpaceX’s ability to build power plants and data-center infrastructure quickly is being viewed as a potential competitive advantage. Elon Musk Says Google and Anthropic Turned to SpaceX for AI Compute
• Positive Sentiment: Analysts raised their outlooks. Oppenheimer lifted its price target to $280 from $250, citing faster-than-expected AI revenue growth, while Bernstein set a $248 target and projected that AI revenue could nearly quintuple in 2027. The estimates reinforce the view that AI could become a larger growth engine alongside Starlink. SpaceX Gets $280 Target as Oppenheimer Boosts AI Revenue Outlook
• Positive Sentiment: Starship remains a near-term catalyst. Investors are positioning ahead of the reported Sept. 15 Starship Test 14, while recent launch activity and growing institutional interest support momentum in the space sector. SpaceX Rises as Starship Test 14 Approaches
• Positive Sentiment: Recent earnings provided strong growth evidence. Revenue reportedly rose 92% year over year to about $7.8 billion, with particularly rapid growth in AI and connectivity. The company also reported substantial Starlink subscriber growth and new government and cloud contracts.
• Neutral Sentiment: Trading and IPO coverage remains mixed. Articles point to limited public float, potential future insider share releases and an exceptionally high valuation, making SPCX sensitive to sentiment and supply changes. Space ETFs may offer investors a more diversified way to gain exposure to the sector.
• Negative Sentiment: Execution and spending risks remain elevated. Reports describe data-center reliability problems and management changes ahead of a major Google compute deadline. SpaceX is also committing billions of dollars to AI infrastructure while remaining GAAP-loss-making, increasing the risk that delays or canceled contracts pressure the stock. SpaceX AI Buildout Shows Cracks
• Negative Sentiment: Additional risks include regulatory and reputational pressure, local opposition to data centers, potential competition in satellite communications and AI, and key-person dependence on Musk.

Wall Street Analysts Forecast Growth

SPCX has been the subject of a number of recent research reports. Arete Research set a $450.00 target price on SpaceX in a research report on Tuesday, August 11th. Cfra began coverage on shares of SpaceX in a report on Friday, June 12th. They issued a “sell” rating and a $115.00 price objective for the company. UBS Group reaffirmed a “buy” rating and set a $75.00 target price (down from $210.00) on shares of SpaceX in a report on Monday, August 17th. 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 for the company. Finally, KeyCorp reiterated a “sector weight” rating on shares of SpaceX in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $221.20.

SpaceX Trading Up 7.4%

The stock has a market cap of $1.98 trillion and a P/E ratio of -1,678.51. 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’s fifty day simple moving average is $136.33.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The firm’s quarterly revenue was up 91.9% compared to the same quarter last year. On average, analysts expect that SpaceX will post -0.15 EPS for the current fiscal year.

Institutional Trading of SpaceX

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