SpaceX (NASDAQ:SPCX) Trading 2% Higher – What’s Next?

SpaceX (NASDAQ:SPCX)’s share price shot up 2% during trading on Friday . The stock traded as high as $151.85 and last traded at $151.21. 78,622,486 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 104,493,406 shares. The stock had previously closed at $148.18.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX CFO Bret Johnsen disclosed a compute-hosting agreement expected to generate approximately $1.11 billion in monthly revenue beginning December 1, or more than $13 billion annually. The contract strengthened management’s confidence in its $100 billion annual recurring-revenue objective and encouraged investors to view SpaceX increasingly as an AI infrastructure company. Why SpaceX stock is up around 1% on Friday
• Positive Sentiment: Analysts maintained bullish ratings, including Goldman Sachs’ Buy rating and $220 price target, citing accelerating AI, Starlink and Starship opportunities. SpaceX Buy Rating Reaffirmed
• Positive Sentiment: Management said Starship’s Flight 14 could be its first revenue-generating mission later this month, while traders assign high odds to a September launch. Successful execution could support launch, orbital-computing and long-term cost-reduction plans. SpaceX Starship Revenue Flight 14
• Positive Sentiment: Britain confirmed use of SpaceX’s classified Starshield military network, reinforcing potential international defense demand. A recent Space Force launch also highlighted continued government-contract activity.
• Neutral Sentiment: SpaceX is reportedly reworking its AI data-center strategy, potentially emphasizing orbital computing. The shift could improve long-term economics but may slow near-term infrastructure expansion. SpaceX Data Center Buildout Report
• Negative Sentiment: A 319-million-share lockup release increased potential supply, following an earlier decline attributed to insider and early-investor selling. Additional unlocks could weigh on SPCX until absorbed by the market. SpaceX Lockup Release
• Negative Sentiment: Critics continue to flag an extremely demanding valuation—reported at roughly 98 times sales—while analysts have cited competition from European launch providers, possible data-center delays and execution risk. A lawsuit seeking to keep Texas Terafab tax-break records private may also add transparency concerns.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SPCX. UBS Group restated a “buy” rating and set a $75.00 target price (down from $210.00) on shares of SpaceX in a research report on Monday, August 17th. New Street Research upgraded shares of SpaceX to a “strong-buy” rating in a research report on Thursday, June 11th. Piper Sandler cut their price objective on SpaceX from $156.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. William Blair reaffirmed an “outperform” rating on shares of SpaceX in a research note on Friday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $246.00 price objective on shares of SpaceX in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have given a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat, SpaceX has a consensus rating of “Moderate Buy” and an average target price of $221.06.

SpaceX Price Performance

The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.98 trillion and a PE ratio of -1,680.67. The stock has a 50-day moving average of $135.01.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The company’s revenue for the quarter was up 91.9% on a year-over-year basis. On average, sell-side analysts forecast that SpaceX will post -0.15 EPS for the current year.

Institutional Investors Weigh In On SpaceX

A number of institutional investors have recently added to or reduced their stakes in SPCX. Syntax Research Inc. purchased a new position in shares of SpaceX in the 2nd quarter worth about $26,000. Atwood & Palmer Inc. purchased a new stake in shares of SpaceX during the 2nd quarter worth about $29,000. PayPay Securities Corp acquired a new stake in SpaceX during the 2nd quarter worth approximately $30,000. Marquette Asset Management LLC acquired a new stake in SpaceX during the 2nd quarter worth approximately $32,000. Finally, Community Bank N.A. purchased a new position in SpaceX in the second quarter valued at approximately $38,000.

About SpaceX

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems, serving commercial, government and scientific customers.

SpaceX’s principal products include the Falcon 9 and Falcon Heavy rockets, which are used to launch satellites, spacecraft and other payloads into orbit. The company also develops the Dragon spacecraft, which supports cargo and crew missions to low Earth orbit, including missions for NASA and other customers.

Through its Starlink business, SpaceX operates a large constellation of low Earth orbit satellites that provides broadband internet service to customers in numerous countries and regions.