SpaceX (NASDAQ:SPCX) Trading 1.9% Higher - What's Next?

Key Points

• Shares rose 1.9% to $154.72 in mid-day trading, supported by SpaceX’s increased Nasdaq-100 weighting, which could prompt billions of dollars in passive-fund purchases.
• Key growth catalysts include a planned September 28 Starship orbital launch, $946 million in new NASA contracts, rapid Grok user growth and potential Tesla–SpaceX synergies or merger speculation.
• Risks remain significant: up to 328.4 million shares may become eligible for sale on September 24, while analysts cite rich valuation, negative free cash flow and Falcon 9 production risks. Despite this, the analyst consensus is “Moderate Buy” with a $221.42 target price.

Shares of SpaceX (NASDAQ:SPCX - Get Free Report) rose 1.9% during mid-day trading on Tuesday . The company traded as high as $154.94 and last traded at $154.72. 57,524,805 shares were traded during trading, a decline of 46% from the average session volume of 105,709,836 shares. The stock had previously closed at $151.85.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Nasdaq-100 rebalance supports demand: SpaceX’s index weighting more than doubled to 2.82%, potentially directing billions of dollars of buying toward the stock from QQQ, QQQM and other passive funds. SpaceX’s Nasdaq-100 Weight Just More Than Doubled
• Positive Sentiment: AI momentum is attracting investors: Grok Bot reportedly surpassed 400,000 users in its first month, while analysts see SpaceX’s AI operations potentially becoming its largest business segment by 2030. Morgan Stanley also highlighted possible synergies with Tesla in computing, robotics, energy and “physical AI.” SpaceX Stock Rises as Grok Bot Hits 418,000 Weekly Users
• Positive Sentiment: Merger speculation remains a catalyst: Analyst Dan Ives estimates an 80% probability that Tesla and SpaceX could combine by late 2027, while Morgan Stanley described their expanding technology and infrastructure links as a potential foundation for a merger. SpaceX, Tesla Share Chips, Robots And Compute
• Positive Sentiment: Space launch catalysts are approaching: SpaceX is targeting September 28 for Starship’s first orbital flight, including a planned Starlink V3 deployment. NASA also awarded the company another $946 million for three astronaut missions through 2030. Elon Musk Says First Starship Launch to Orbit Will Carry Starlink V3 Satellites
• Neutral Sentiment: Falcon 9 transition could affect pricing: SpaceX is winding down Falcon 9 production to shift resources toward Starship. Scarcer launch capacity could support higher prices, but the transition may also create operational and customer-supply risks. SpaceX’s Falcon 9 Is Getting Scarcer
• Negative Sentiment: Share unlock could increase selling pressure: As many as 328.4 million shares may become eligible for sale on September 24, creating a near-term supply overhang even as analysts remain bullish. SpaceX Stock Forecast Ahead of September 24 Lockup Expiration
• Negative Sentiment: Valuation concerns persist: Recent merger enthusiasm and a roughly 10.9% monthly gain have pushed attention toward SpaceX’s rich valuation, negative free cash flow and limited near-term earnings support. Investors also should not expect dividends soon. SpaceX Stock Looks Rich On Fresh Merger Speculation

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SPCX shares. Piper Sandler lowered their price objective on SpaceX from $156.00 to $140.00 and set a "neutral" rating for the company in a research report on Wednesday, August 5th. Morgan Stanley reiterated an "overweight" rating on shares of SpaceX in a research note on Wednesday, August 26th. HSBC assumed coverage on SpaceX in a report on Thursday, July 23rd. They issued a "hold" rating and a $115.00 price target for the company. William Blair reaffirmed an "outperform" rating on shares of SpaceX in a research report on Friday, September 11th. Finally, Benchmark started coverage on shares of SpaceX in a research report on Monday, June 22nd. They set a "buy" rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.42.

SpaceX Stock Performance

The business's 50 day moving average price is $134.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The stock has a market cap of $2.02 trillion and a price-to-earnings ratio of -1,719.11.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced 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 firm had revenue of $7.81 billion during the quarter. SpaceX's revenue was up 91.9% compared to the same quarter last year. As a group, research analysts predict that SpaceX will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of SpaceX

Large investors have recently made changes to their positions in the business. Syntax Research Inc. purchased a new position in shares of SpaceX during the second quarter worth $26,000. Atwood & Palmer Inc. purchased a new stake in SpaceX in the second quarter valued at $29,000. PayPay Securities Corp acquired a new stake in SpaceX during the 2nd quarter worth about $30,000. Marquette Asset Management LLC purchased a new position in shares of SpaceX during the 2nd quarter valued at about $32,000. Finally, Community Bank N.A. purchased a new position in shares of SpaceX during the 2nd quarter valued at about $38,000.

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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