SpaceX (NASDAQ:SPCX) Shares Down 4.2% – Should You Sell?

SpaceX (NASDAQ:SPCX)’s share price traded down 4.2% during trading on Thursday. The stock traded as low as $160.00 and last traded at $160.57. Approximately 66,467,240 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 102,493,047 shares. The stock had previously closed at $167.60.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: The FCC approved SpaceX’s plan to deploy 15,000 additional Starlink satellites for direct-to-device service and waived a ground-carrier leasing requirement. The decision could expand Starlink’s mobile-connectivity opportunity and reduce regulatory friction. SpaceX Gets FCC Approval for 15,000 Starlink Satellites
• Positive Sentiment: American Airlines plans to install Starlink internet on more than 1,000 aircraft, providing a substantial commercial customer win and supporting Starlink revenue growth. American Airlines to Add Starlink to More Than 1,000 Planes
• Positive Sentiment: SpaceX successfully completed NASA’s 237-day Crew-12 mission, reinforcing the reliability of its Dragon spacecraft and human-spaceflight operations. SpaceX Completes NASA Crew-12 Mission
• Positive Sentiment: Analysts remain divided but some are bullish: Morgan Stanley maintained a Buy rating and a $300 target, while Goldman Sachs reportedly raised its outlook. Morgan Stanley Reaffirms Buy Rating
• Neutral Sentiment: SpaceX’s AI-compute business is attracting demand, including a reported Google partnership potentially worth up to $29 billion. However, the revenue opportunity may depend on long-term contracts and successful infrastructure expansion. SpaceX Google AI Pact
• Negative Sentiment: Investors are concerned about reports that SpaceX seeks approximately $40 billion in debt—about $10 billion in loans and $30 billion in bonds—to purchase Nvidia AI chips. The plan could accelerate AI revenue, but it would increase leverage, capital requirements and exposure to rapidly depreciating technology. Apollo and Banks Discuss SpaceX Nvidia Financing
• Negative Sentiment: Up to 328.4 million shares may become eligible for sale on October 9, creating a potential increase in trading supply and selling pressure from early holders. SpaceX Share Unlock
• Negative Sentiment: Starlink’s delayed India launch and Elon Musk’s public dispute with local telecom interests highlight regulatory and market-entry risks. Erste Group initiated coverage with a Hold rating, reflecting caution around valuation and execution.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SPCX shares. CLSA assumed coverage on shares of SpaceX in a research note on Monday, September 28th. They set an “outperform” rating and a $250.00 target price for the company. Evercore assumed coverage on shares of SpaceX in a report on Tuesday, July 14th. They issued an “outperform” rating and a $230.00 target price for the company. Guggenheim assumed coverage on SpaceX in a research note on Friday, August 7th. They set a “buy” rating on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of SpaceX in a research note on Tuesday, July 28th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of SpaceX in a research note on Tuesday, August 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $218.76.

SpaceX Stock Performance

The company has a 50-day moving average price of $142.98. The firm has a market capitalization of $2.12 trillion and a price-to-earnings ratio of -1,784.11. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12.

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. SpaceX’s revenue was up 91.9% compared to the same quarter last year. Research analysts anticipate that SpaceX will post 0.09 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the transaction, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of SpaceX

Large investors have recently bought and sold shares of the company. Artemis Investment Management LLP purchased a new stake in shares of SpaceX in the 3rd quarter worth about $19,385,000. Aletheian Wealth Advisors LLC acquired a new position in SpaceX during the third quarter worth about $359,000. Apeiron RIA LLC acquired a new position in SpaceX during the third quarter worth about $345,000. YHB Investment Advisors Inc. purchased a new stake in shares of SpaceX in the third quarter valued at about $715,000. Finally, Titleist Asset Management LLC acquired a new stake in shares of SpaceX in the third quarter valued at approximately $18,248,000.

SpaceX Company Profile

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 designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.