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

Key Points

• SpaceX shares fell 1.4% to $135 in Monday trading, while volume declined 47% from the average daily level.
• Positive catalysts include more than $8 billion in reported Pentagon Golden Dome contracts, an Nvidia partnership for AI infrastructure, strong institutional buying, and 91.9% year-over-year revenue growth. However, investors remain concerned about Starship delays, Starlink’s competitive limitations, margin pressures, and elevated valuation.
• Analyst sentiment is mixed but leans bullish, with a consensus rating of “Moderate Buy” and an average price target of $220.20; targets range from a $100 Sell-case estimate to bullish targets of $190 and $235.

SpaceX (NASDAQ:SPCX - Get Free Report)'s share price was down 1.4% during trading on Monday . The company traded as low as $133.10 and last traded at $135.00. 59,745,309 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 112,594,031 shares. The stock had previously closed at $136.97.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX has reportedly secured more than $8 billion in Pentagon contracts connected to the Golden Dome missile-defense program. Additional awards could provide a substantial revenue opportunity and strengthen the company’s government-business backlog. SpaceX Has Already Won More Than $8 Billion From Golden Dome
• Positive Sentiment: SpaceXAI is partnering with Nvidia to deploy Vera CPUs for Grok and other agentic-AI applications. The initiative could expand SpaceX’s data-center and AI infrastructure ambitions, although its financial contribution is not yet clear. SpaceXAI Taps NVIDIA To Build Faster AI Agents
• Positive Sentiment: Institutional and high-profile investor interest remains strong. ARK Invest reportedly bought $27.5 million of SPCX, while Baron Capital disclosed a $24.9 billion position, supporting the long-term bull case. Cathie Wood Buys SpaceX Stock
• Neutral Sentiment: Elon Musk said Falcon 9 will not be retired until Starship demonstrates reliable flight performance. The transition could eventually reduce launch costs and enable larger satellite constellations, but it makes Starship’s upcoming testing and development milestones especially important. Musk Explains When Falcon 9 Will Be Retired
• Negative Sentiment: Investors are awaiting a critical Starship test in September, with delays and reliability concerns remaining major overhangs. Analysts also question whether Starlink’s mobile service can overcome physics and capacity limitations when competing with terrestrial 5G. SpaceX Stock Dips Ahead of Starship Test
• Negative Sentiment: A bearish Seeking Alpha analysis argues that SpaceX’s valuation reflects a substantial “Musk Premium.” Starlink accounts for about 62% of revenue, but declining average revenue per user and pressure from depreciation and launch costs could limit margin expansion. SpaceX’s Possibilities Are Endless But It Is Still Too Early
• Negative Sentiment: Valuation concerns intensified after DZ Bank initiated coverage with a Sell rating and a $100 price target, while another analyst reportedly identified as much as 45% downside risk. News that President Trump owns SpaceX shares also created governance and political-conflict concerns rather than serving as a clear catalyst. DZ Bank Rates SpaceX a Sell

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wedbush initiated coverage on SpaceX in a research report on Tuesday, June 30th. They issued an "outperform" rating and a $190.00 target price for the company. Bank of America started coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a "buy" rating and a $235.00 price target for the company. Susquehanna cut shares of SpaceX from a "neutral" rating to an "underperform" rating in a report on Friday, August 7th. Wolfe Research restated an "outperform" rating on shares of SpaceX in a report on Wednesday, August 5th. Finally, Raymond James Financial downgraded shares of SpaceX from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have issued a Hold rating and six have issued a Sell rating to the company's stock. According to MarketBeat, SpaceX has a consensus rating of "Moderate Buy" and an average target price of $220.20.

SpaceX Stock Performance

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 firm has a market capitalization of $1.77 trillion and a PE ratio of -1,500.00. The firm's 50-day simple moving average is $142.32.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS 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 company's revenue was up 91.9% compared to the same quarter last year. As a group, equities research analysts expect that SpaceX will post -0.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Readystate Asset Management LP bought a new stake in SpaceX during the 2nd quarter worth approximately $16,488,000. Ameritas Advisory Services LLC bought a new position in shares of SpaceX in the second quarter worth approximately $1,823,000. Kintra Wealth LLC purchased a new stake in shares of SpaceX in the second quarter worth $438,000. Aspire Capital Advisors LLC purchased a new stake in shares of SpaceX in the second quarter worth $318,000. Finally, POM Investment Strategies LLC bought a new stake in shares of SpaceX during the 2nd quarter valued at $39,000.

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.

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