SpaceX (NASDAQ:SPCX) Reaches New 12-Month Low - Here's Why

Key Points

• SpaceX shares fell to a new 52-week low of $106.69 ahead of the company’s first public earnings report, which will reveal revenue, margins, cash flow and guidance.
• Investors are weighing SpaceX’s long-term growth prospects—including Starlink expansion, reusable rockets and rising launch demand—against concerns about governance, Elon Musk’s control, elevated valuation and potentially higher spending on AI and Starship.
• Bearish pressure is mounting, with reported short interest of $24.6 billion and a possible insider lockup expiration on August 6. Despite these risks, analysts maintain a “Moderate Buy” consensus with a $230.50 price target.

SpaceX (NASDAQ:SPCX - Get Free Report) shares reached a new 52-week low during trading on Monday . The stock traded as low as $106.69 and last traded at $106.69, with a volume of 2286886 shares. The stock had previously closed at $108.37.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Some analysts believe investors are focusing too heavily on governance concerns and missing SpaceX’s long-term growth potential. Bullish forecasts point to a possible rise toward $128, supported by Starlink expansion, reusable rockets and growing launch demand. Jeffries says investors are missing the bigger picture
• Positive Sentiment: Investor Cathie Wood is buying the decline, citing the potential for reusable rockets and Starlink’s satellite broadband network to produce substantial long-term profits. Cathie Wood is buying SpaceX stock
• Positive Sentiment: A recent Falcon 9 launch deployed 24 Starlink satellites, highlighting continued execution and network expansion. SpaceX is also planning a potential launch facility in coastal Louisiana, which could expand future capacity. SpaceX launches 24 Starlink satellites
• Neutral Sentiment: Tuesday’s earnings will provide the first public look at revenue, margins, cash flow and guidance. Investors are particularly focused on whether Starlink profits can fund rapidly increasing spending on artificial intelligence, Starship and other space ventures. SpaceX results put AI spending under scrutiny
• Neutral Sentiment: SpaceX’s addition to the Nasdaq-100 may support visibility and index-related demand, although its current weighting is relatively small. SpaceX joins the Nasdaq-100
• Negative Sentiment: Bearish sentiment is intensifying: short sellers reportedly have built a $24.6 billion position, while a highly ranked analyst recommends selling SPCX ahead of earnings. Short sellers build a large SpaceX position
• Negative Sentiment: Investors continue to question Elon Musk’s control, related-party decisions and SpaceX’s governance structure. Concerns could weigh on the valuation if management does not address them during the earnings call. Investors question SpaceX governance
• Negative Sentiment: A potential insider lockup expiration on August 6 could add share supply and create further selling pressure immediately after the earnings report. SpaceX’s high valuation also leaves limited room for disappointing growth or profitability guidance. Numbers that will define SpaceX valuation

Analyst Upgrades and Downgrades

SPCX has been the subject of a number of analyst reports. Mizuho initiated coverage on SpaceX in a report on Tuesday, July 7th. They issued an "outperform" rating and a $200.00 price target for the company. KGI Securities downgraded SpaceX from an "outperform" rating to a "hold" rating in a research note on Monday, June 22nd. Cantor Fitzgerald began coverage on SpaceX in a report on Tuesday, July 7th. They set an "overweight" rating and a $246.00 target price for the company. Oppenheimer upped their price target on SpaceX from $190.00 to $250.00 and gave the company an "outperform" rating in a research report on Thursday, June 18th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of SpaceX in a research note on Tuesday, July 28th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SpaceX presently has a consensus rating of "Moderate Buy" and a consensus price target of $230.50.

SpaceX Stock Up 1.5%

SpaceX (NASDAQ:SPCX - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.27) earnings per share (EPS) for the quarter. The firm had revenue of $4.69 billion for the quarter.

Hedge Funds Weigh In On SpaceX

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Atwood & Palmer Inc. bought a new position in shares of SpaceX during the 2nd quarter valued at about $29,000. Marquette Asset Management LLC bought a new stake in SpaceX in the 2nd quarter worth approximately $32,000. Burkett Financial Services LLC purchased a new stake in SpaceX in the second quarter worth approximately $70,000. Contravisory Investment Management Inc. bought a new position in SpaceX during the second quarter valued at approximately $73,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in SpaceX during the second quarter valued at approximately $89,000.

SpaceX Company Profile

SpaceX, or Space Exploration Technologies Corp., is an American aerospace company focused on the design, manufacture and launch of advanced rockets and spacecraft. The company develops launch vehicles and space systems used for commercial, government and scientific missions, with a strong emphasis on lowering the cost of access to space through reusable rocket technology.

Founded in 2002 by Elon Musk, SpaceX has built a broad portfolio of products and services that includes the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starship development program.

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.