SpaceX (NASDAQ:SPCX) Stock Price Up 2% - Still a Buy?

Key Points

• SpaceX shares rose 2% to $151.21 on Friday, supported by a reported compute-hosting agreement expected to generate about $1.11 billion in monthly revenue and growing investor interest in its AI infrastructure business.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $221.06; potential catalysts include Starship’s possible first revenue-generating mission and expanding Starlink and defense demand.
• Key risks include a 319-million-share lockup release that could increase selling pressure, SpaceX’s extreme valuation of roughly 98 times sales, possible delays in its data-center strategy, competition and execution challenges.

SpaceX (NASDAQ:SPCX - Get Free Report)'s stock price was up 2% on Friday . The stock traded as high as $151.85 and last traded at $151.21. Approximately 78,622,486 shares changed hands during trading, a decline of 25% from the average daily volume of 104,493,406 shares. The stock had previously closed at $148.18.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX CFO Bret Johnsen disclosed a compute-hosting agreement expected to generate approximately $1.11 billion in monthly revenue beginning December 1, or more than $13 billion annually. The contract strengthened management’s confidence in its $100 billion annual recurring-revenue objective and encouraged investors to view SpaceX increasingly as an AI infrastructure company. Why SpaceX stock is up around 1% on Friday
• Positive Sentiment: Analysts maintained bullish ratings, including Goldman Sachs’ Buy rating and $220 price target, citing accelerating AI, Starlink and Starship opportunities. SpaceX Buy Rating Reaffirmed
• Positive Sentiment: Management said Starship’s Flight 14 could be its first revenue-generating mission later this month, while traders assign high odds to a September launch. Successful execution could support launch, orbital-computing and long-term cost-reduction plans. SpaceX Starship Revenue Flight 14
• Positive Sentiment: Britain confirmed use of SpaceX’s classified Starshield military network, reinforcing potential international defense demand. A recent Space Force launch also highlighted continued government-contract activity.
• Neutral Sentiment: SpaceX is reportedly reworking its AI data-center strategy, potentially emphasizing orbital computing. The shift could improve long-term economics but may slow near-term infrastructure expansion. SpaceX Data Center Buildout Report
• Negative Sentiment: A 319-million-share lockup release increased potential supply, following an earlier decline attributed to insider and early-investor selling. Additional unlocks could weigh on SPCX until absorbed by the market. SpaceX Lockup Release
• Negative Sentiment: Critics continue to flag an extremely demanding valuation—reported at roughly 98 times sales—while analysts have cited competition from European launch providers, possible data-center delays and execution risk. A lawsuit seeking to keep Texas Terafab tax-break records private may also add transparency concerns.

Wall Street Analyst Weigh In

Several brokerages recently commented on SPCX. Evercore began coverage on shares of SpaceX in a research note on Tuesday, July 14th. They set an "outperform" rating and a $230.00 price target on the stock. Wedbush assumed coverage on SpaceX in a report on Tuesday, June 30th. They set an "outperform" rating and a $190.00 price objective on the stock. Needham & Company LLC reiterated a "buy" rating and set a $250.00 target price on shares of SpaceX in a research report on Wednesday, August 5th. Stifel Nicolaus started coverage on SpaceX in a report on Tuesday, July 7th. They issued a "buy" rating and a $190.00 target price for the company. Finally, HSBC started coverage on SpaceX in a research report on Thursday, July 23rd. They issued a "hold" rating and a $115.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have assigned a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, SpaceX currently has an average rating of "Moderate Buy" and an average target price of $221.06.

SpaceX Stock Performance

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 firm has a market capitalization of $1.98 trillion and a price-to-earnings ratio of -1,680.67. The firm's fifty day moving average is $135.01.

SpaceX (NASDAQ:SPCX - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. SpaceX's revenue was up 91.9% on a year-over-year basis. Research analysts predict that SpaceX will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of SpaceX

Several hedge funds and other institutional investors have recently made changes to their positions in SPCX. KERR FINANCIAL PLANNING Corp acquired a new position in SpaceX during the second quarter worth about $566,000. Burkett Financial Services LLC acquired a new stake in shares of SpaceX during the 2nd quarter valued at approximately $70,000. Dogwood Wealth Management LLC purchased a new stake in shares of SpaceX during the 2nd quarter worth approximately $139,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of SpaceX in the 2nd quarter worth approximately $3,383,000. Finally, Apella Capital LLC acquired a new stake in shares of SpaceX in the 2nd quarter worth approximately $452,000.

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, 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.

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