SpaceX (NASDAQ:SPCX) Shares Down 1.4% - Time to Sell?

Key Points

• SpaceX shares fell 1.4% to $152.71 in heavy trading, while the stock remains well below analysts’ average price target of $221.42. The consensus rating is “Moderate Buy,” though seven analysts rate it a Sell.
• Potential catalysts include Nasdaq-100 reweighting, expanded Starlink mobile-service authorization, and a new NASA contract. The index change could drive an estimated $15.5 billion–$22 billion in passive-fund demand.
• Execution and valuation risks remain. Starship’s first orbital flight was delayed, retail investors have reportedly sold into the rally, and the company trades at a market capitalization of about $2 trillion despite a negative earnings outlook.

SpaceX (NASDAQ:SPCX - Get Free Report)'s stock price was down 1.4% on Friday . The company traded as low as $149.93 and last traded at $152.71. Approximately 333,644,709 shares were traded during mid-day trading, an increase of 216% from the average daily volume of 105,585,180 shares. The stock had previously closed at $154.81.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Nasdaq-100 inclusion could create substantial buying demand. SpaceX’s index weighting is expected to increase from approximately 1.28% to 2.82%, potentially generating an estimated $15.5 billion to $22 billion in passive fund purchases as the rebalance takes effect. SpaceX Nasdaq-100 weighting article
• Positive Sentiment: Starlink received an important regulatory boost. The FCC approved SpaceX’s global authority to provide Starlink mobile services, supporting its plans for direct-to-phone connectivity and broader competition with terrestrial 5G networks. Elon Musk also said Starlink reliability can now exceed cable broadband in some markets. FCC approves Starlink mobile services article
• Positive Sentiment: NASA selected SpaceX for the StarBurst mission. The launch contract adds to SpaceX’s government backlog and reinforces its position in the space-launch market, although the near-term financial impact is likely limited. NASA StarBurst mission article
• Neutral Sentiment: Investors continue to speculate about orbital AI data centers. SpaceX reportedly wants to launch NVIDIA computing hardware into orbit, potentially creating a new AI infrastructure business. However, cooling, radiation, data-transfer, maintenance and regulatory challenges make this a long-term possibility rather than an immediate earnings driver. SpaceX AI data initiatives article
• Negative Sentiment: Starship’s first orbital flight was delayed. The launch target reportedly moved from September 22 to September 28, pending regulatory approval. Because Starship is central to future Starlink expansion and other growth ambitions, the delay is weighing on sentiment and reducing a near-term catalyst. Starship orbital flight delay article
• Negative Sentiment: Retail investors have been selling into the rally. Reports indicate hundreds of millions of dollars in recent retail sales, adding short-term pressure despite optimistic analyst forecasts and expected index-fund demand. Retail SpaceX selling article

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. TD Cowen started coverage on shares of SpaceX in a research note on Monday, June 22nd. They issued a "buy" rating on the stock. Cantor Fitzgerald reiterated an "overweight" rating and set a $246.00 target price on shares of SpaceX in a research report on Wednesday, August 5th. William Blair restated an "outperform" rating on shares of SpaceX in a research report on Friday, September 11th. Stifel Nicolaus assumed coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a "buy" rating and a $190.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $250.00 price objective on shares of SpaceX in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have issued a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $221.42.

SpaceX Stock Down 1.4%

The firm has a market cap of $2.00 trillion and a P/E ratio of -1,696.78. 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 fifty day simple moving average of $134.54.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The firm's quarterly revenue was up 91.9% compared to the same quarter last year. On average, sell-side analysts anticipate that SpaceX will post -0.15 earnings per share for the current year.

Institutional Investors Weigh In On SpaceX

Several hedge funds and other institutional investors have recently made changes to their positions in SPCX. Wedbush Securities Inc. bought a new stake in SpaceX in the second quarter valued at about $5,094,000. Hyperion Asset Management Ltd acquired a new position in shares of SpaceX during the 2nd quarter worth about $201,137,000. K5 Global Advisor LLC bought a new stake in shares of SpaceX in the 2nd quarter valued at about $6,587,531,000. Turner Financial Group Inc. acquired a new stake in shares of SpaceX in the 2nd quarter valued at approximately $1,228,000. Finally, Assenagon Asset Management S.A. bought a new position in SpaceX during the 2nd quarter worth approximately $2,502,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.