SpaceX (NASDAQ:SPCX) Shares Down 1.7% – Here’s Why

SpaceX (NASDAQ:SPCX)’s share price traded down 1.7% during trading on Friday. The company traded as low as $142.95 and last traded at $146.03. Approximately 87,304,286 shares traded hands during trading, a decline of 14% from the average daily volume of 101,082,469 shares. The stock had previously closed at $148.62.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Prediction-market odds of a Tesla (NASDAQ:TSLA)-SpaceX combination before March 2027 rose above 50%, reaching roughly 55%-56% from about 29%-30% earlier in the week. Tesla’s SpaceX-powered flying Roadster strengthened speculation that the companies could share engineering, artificial-intelligence and manufacturing capabilities. Prediction market odds on Tesla-SpaceX merger are above 50% for early 2027
• Positive Sentiment: Evercore raised its SpaceX target, arguing that operational “proof points” are approaching and highlighting potential revenue above $100 billion. Investors are also focused on the company’s expanding Starlink business, including service on United Airlines aircraft and a planned mobile-network push. SpaceX Stock: The proof points are closer
• Positive Sentiment: SpaceX is pursuing new growth areas, including AI data centers in space with Nvidia technology, automated Grok customer service for Starlink and a reported multibillion-dollar Google computing contract. Continued launches and upcoming Starship and lunar missions provide additional execution catalysts.
• Neutral Sentiment: SpaceX’s spectrum transaction supports an approximately $8 billion wireless expansion, but analysis concludes the company remains well behind established telecom giants in spectrum, network scale and customer reach. SpaceX’s spectrum deal still leaves it far from rivaling telecom giants
• Neutral Sentiment: Investors are awaiting October 20 earnings for evidence that Starlink growth, launch cadence and new businesses can justify the company’s roughly $1.9 trillion valuation and extremely high earnings multiple.
• Negative Sentiment: Ukraine-related controversy remains a reputational and contract risk. Ukrainian officials reported unexpected Starshield restrictions that disrupted drone operations; President Trump denied ordering them, while Elon Musk attributed responsibility to the U.S. government. Although service was reportedly restored, the episode could encourage customers and governments to seek competing satellite providers. Trump says White House didn’t order Starlink restrictions in Ukraine
• Negative Sentiment: Upcoming insider share unlocks could increase supply, while NYC Council scrutiny of SpaceX’s AI activities adds regulatory and governance uncertainty. Analysts also caution that substantial investment needs and the stock’s demanding valuation leave limited room for execution disappointments.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SPCX. Bank of America initiated coverage on SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $235.00 price objective on the stock. William Blair reiterated an “outperform” rating on shares of SpaceX in a research note on Friday, October 9th. Guggenheim initiated coverage on SpaceX in a research note on Friday, August 7th. They set a “buy” rating for the company. Arete Research set a $450.00 target price on SpaceX in a report on Tuesday, August 11th. Finally, Pivotal Research restated a “buy” rating and issued a $230.00 price target on shares of SpaceX in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $221.34.

SpaceX Stock Performance

The stock’s fifty day moving average price is $148.19. 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 company has a market capitalization of $1.92 trillion and a PE ratio of -1,622.56.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) 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 was up 91.9% on a year-over-year basis. On average, research analysts predict that SpaceX will post 0.07 earnings per share for the current fiscal year.

Insider Transactions at SpaceX

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

Institutional Investors Weigh In On SpaceX

Hedge funds and other institutional investors have recently modified their holdings of the company. SC US Ttgp LTD. bought a new stake in shares of SpaceX in the second quarter valued at about $20,933,621,000. Darsana Capital Partners LP bought a new position in SpaceX during the second quarter worth about $17,335,783,000. K5 Global Advisor LLC acquired a new stake in SpaceX in the 2nd quarter worth about $6,587,531,000. State Street Corp acquired a new stake in SpaceX in the 2nd quarter worth about $1,858,329,000. Finally, Dragoneer Investment Group LLC bought a new stake in SpaceX in the 2nd quarter valued at about $1,366,880,000.

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.