SpaceX (NASDAQ:SPCX) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded SpaceX from “hold” to “sell,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $218.68.
• SpaceX shares opened at $158.96, with a $2.10 trillion market capitalization; the company reported quarterly revenue of $7.81 billion, up 91.9% year over year, and exceeded analysts’ EPS expectations.
• COO Gwynne Shotwell sold 342,170 shares for approximately $52.5 million under a pre-arranged Rule 10b5-1 plan, reducing her ownership by 12.16%.

SpaceX (NASDAQ:SPCX - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

SPCX has been the subject of a number of other reports. Susquehanna lowered SpaceX from a "neutral" rating to an "underperform" rating in a research note on Friday, August 7th. Zacks Research upgraded SpaceX to a "hold" rating in a report on Monday, June 15th. Wells Fargo & Company decreased their target price on SpaceX from $215.00 to $212.00 and set an "overweight" rating for the company in a research note on Tuesday, September 8th. Wolfe Research reiterated an "outperform" rating and issued a $175.00 target price on shares of SpaceX in a report on Wednesday, August 26th. Finally, Roth Capital raised SpaceX to a "buy" rating in a research report on Monday, June 22nd. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seven have issued a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.68.

SpaceX Trading Up 7.4%

Shares of NASDAQ SPCX opened at $158.96 on Friday. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The company has a market cap of $2.10 trillion and a P/E ratio of -1,766.22. 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 business has a 50 day moving average of $139.62.

SpaceX (NASDAQ:SPCX - Get Free Report) 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 business had revenue of $7.81 billion during the quarter. SpaceX's revenue for the quarter was up 91.9% compared to the same quarter last year. As a group, equities analysts forecast that SpaceX will post 0.02 earnings per share for the current fiscal year.

Insider Activity at SpaceX

In other SpaceX 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 transaction, the chief operating officer 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Investors Weigh In On SpaceX

A number of institutional investors have recently added to or reduced their stakes in the company. Wedbush Securities Inc. bought a new position in shares of SpaceX during the 2nd quarter worth about $5,094,000. Hyperion Asset Management Ltd bought a new stake in SpaceX in the second quarter valued at about $201,137,000. K5 Global Advisor LLC bought a new stake in SpaceX in the second quarter valued at about $6,587,531,000. Turner Financial Group Inc. acquired a new position in SpaceX in the second quarter worth about $1,228,000. Finally, Rik Saylor Financial Inc. acquired a new position in SpaceX in the second quarter worth about $1,670,000.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Three successful launches in roughly 13 hours highlighted SpaceX’s execution and launch cadence. The missions included the Crew-13 astronaut flight to the International Space Station—the fastest U.S. trip to the ISS—Google’s Project Suncatcher AI satellite mission and a Starlink-related Starship flight. SpaceX stock surges after successful ISS and Google launches
• Positive Sentiment: The Google launch strengthens the investment case for SpaceX as an AI-infrastructure provider. Google is testing chips in orbit as part of a potential space-based data-center strategy, while Elon Musk said SpaceX is cautiously optimistic about powering Nvidia AI hardware at approximately 250 kilowatts. SPCX Stock Climbs As Three Thursday Launches Meet Start Of Google’s AI Pact
• Positive Sentiment: Analyst coverage remains bullish. TD Cowen initiated a Buy rating, and several reports cited roughly 48%–55% potential upside, supported by Starlink growth, defense contracts, reusable launch technology and future Starship applications. Despite a Successful Starship Launch and a New Buy Rating
• Positive Sentiment: SpaceX’s reusable fairing program has reportedly saved about $120 million over eight years, providing evidence that launch reusability can improve long-term margins. SpaceX Saved $120 Million
• Neutral Sentiment: Investors are increasingly valuing SpaceX as both a space company and an AI company, with possible future opportunities in orbital data centers, satellite connectivity for airlines and maritime customers, and semiconductor manufacturing.
• Negative Sentiment: Valuation remains the main risk. Articles note that SPCX could become profitable in 2027, but its lofty valuation leaves little room for launch failures, Starship delays or slower-than-expected Starlink and AI commercialization. SpaceX Could Be Profitable in 2027, but the Stock Looks Expensive

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 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.

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