SpaceX (NASDAQ:SPCX) Shares Climb 5.8% – Still a Buy?

Shares of SpaceX (NASDAQ:SPCX) rose 5.8% during mid-day trading on Monday. The company traded as high as $143.20 and last traded at $142.07. Approximately 102,576,971 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 103,815,586 shares. The stock had previously closed at $134.27.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Stifel analyst Jonathan Siegmann reiterated a Buy rating and a $190 price target, giving investors a fresh bullish signal. Why SpaceX Stock Popped on Monday
• Positive Sentiment: Reports of fresh buying by ARK Invest added support, alongside interest in SpaceX’s AI infrastructure opportunity and a reported multiyear Anthropic compute agreement. Why Is SpaceX Stock Up? SpaceX AI Deal Report
• Positive Sentiment: NASA’s proposed $10 billion lunar-contract framework and a planned 2028 Starship mission to deploy communications satellites near the Moon point to potential future business, though SpaceX must compete for work under the broader program. NASA Moon Base Contract Plan
• Neutral Sentiment: SpaceX plans to attempt the first catch of both Starship and its booster during Flight 15 on November 13. Success could validate reusability, but the test carries execution risk. SpaceX Plans Historic Double Catch
• Negative Sentiment: Investors remain concerned that election results could bring scrutiny or restrictions affecting AI data-center expansion, a key part of SpaceX’s growth ambitions. A Texas official has also urged a pause on potential land action near Starbase, adding local political uncertainty. SpaceX Election and AI Risks Texas Land Near Starbase
• Negative Sentiment: A large block of shares is scheduled to become eligible for trading in December, which could increase selling pressure; some commentators also caution that valuation and volatility make the stock risky. SpaceX December Share Unlock

Analysts Set New Price Targets

SPCX has been the subject of several recent research reports. Cantor Fitzgerald upped their target price on shares of SpaceX from $246.00 to $345.00 and gave the company an “overweight” rating in a research report on Tuesday, October 20th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of SpaceX in a research note on Wednesday, October 14th. Wolfe Research reiterated an “outperform” rating and issued a $175.00 price objective on shares of SpaceX in a report on Wednesday, August 26th. Pivotal Research increased their target price on SpaceX from $230.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Finally, Argus upgraded SpaceX from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Friday, August 7th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $243.60.

SpaceX Stock Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. The stock has a fifty day moving average of $149.18. The company has a market cap of $1.93 trillion and a PE ratio of 546.42.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. The business had revenue of $14.57 billion for the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The company’s revenue was up 161.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.36) earnings per share. Analysts forecast that SpaceX will post 0.19 earnings per share for the current year.

Insider Buying and Selling at SpaceX

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new position in shares of SpaceX in the third quarter worth about $22,550,000. Nicholson Wealth Management Group LLC bought a new stake in shares of SpaceX during the third quarter valued at approximately $215,000. Meramec Financial Planners LLC grew its stake in shares of SpaceX by 83.5% during the third quarter. Meramec Financial Planners LLC now owns 189 shares of the company’s stock valued at $29,000 after purchasing an additional 86 shares during the last quarter. Walsh & Associates LLC increased its holdings in shares of SpaceX by 113.3% in the third quarter. Walsh & Associates LLC now owns 320 shares of the company’s stock valued at $48,000 after purchasing an additional 170 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new stake in shares of SpaceX in the third quarter valued at approximately $28,000.

SpaceX Company Profile

Space Exploration Technologies Corp., commonly known as SpaceX, is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles and spacecraft designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.