SpaceX (NASDAQ:SPCX) Stock Price Down 4% - Time to Sell?

Key Points

• SpaceX shares fell 4% to $134 during mid-day trading, pressured by the release of approximately 319 million insider-held shares and concerns that the Starship catch milestone could be delayed.
• The company continues to show growth potential through Starlink’s expansion, AI initiatives and government contracts. However, investors remain concerned about its high valuation, substantial capital spending and ongoing losses.
• Wall Street’s consensus rating is Moderate Buy, with an average price target of $224.34, while recent results showed revenue rising 91.9% year over year to $7.81 billion and a smaller-than-expected quarterly loss.

SpaceX (NASDAQ:SPCX - Get Free Report)'s share price was down 4% during mid-day trading on Thursday . The stock traded as low as $130.39 and last traded at $134.00. 119,102,807 shares traded hands during trading, an increase of 4% from the average daily volume of 114,443,703 shares. The stock had previously closed at $139.65.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starlink surpassed 11,000 satellites after SpaceX completed its 100th launch of 2026, reinforcing the scale and growth potential of its satellite-internet business. As Starlink Passes 11,000 Satellites, These 5 Stocks Will Feel It First
• Positive Sentiment: Analyst Adam Jonas of Morgan Stanley expects SpaceX to rally to a new all-time high over the next 12 months. Other reported analyst targets also imply substantial upside, helping offset near-term selling concerns. Wall Street analyst sets SpaceX stock price target for 12 months
• Positive Sentiment: SpaceX is expanding its AI strategy through xAI, Grok and coding-focused applications such as Cursor. Investors see potential for AI monetization alongside Starlink and aerospace operations. Grok 4.6 Matches the Frontier Models at a 60% Discount
• Positive Sentiment: The company is reportedly benefiting from lucrative government contracts and a favorable deregulatory environment, potentially supporting revenue growth across launch, communications and defense markets. SpaceX Is Racking Up Wins in Washington
• Neutral Sentiment: Musk says SpaceX could attempt the first Starship tower catch within the next few months. A successful test would be a major technological milestone, although prediction-market skepticism highlights continued execution risk. Elon Musk Reveals When SpaceX Will Attempt to Catch Starship
• Negative Sentiment: Approximately 319 million shares—about 7% of insider-held stock—became eligible for trading. The additional potential supply created selling pressure, with more unlock waves still expected. SpaceX Stock Slips as 319 Million New Shares Come to Market
• Negative Sentiment: Investors reacted negatively to reports that the Starship upper-stage catch attempt may be delayed by several months, pushing back a key reusability milestone. SpaceX Shares Decline as Starship Catch Timeline Extends
• Negative Sentiment: Critics continue to flag SpaceX’s very high valuation, heavy capital spending and ongoing losses. A fair-value estimate was reportedly reduced to $213.50, underscoring disagreement over how much value to assign to AI, Starlink and Starship ambitions. Space Exploration Technologies Stock Gets Fair Value Trim

Wall Street Analyst Weigh In

SPCX has been the topic of several recent analyst reports. Wall Street Zen raised shares of SpaceX from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Clear Str upgraded shares of SpaceX to a "strong-buy" rating in a report on Tuesday, July 7th. Bank of America started coverage on shares of SpaceX in a report on Tuesday, July 7th. They issued a "buy" rating and a $235.00 price target for the company. Stifel Nicolaus started coverage on shares of SpaceX in a research report on Tuesday, July 7th. They issued a "buy" rating and a $190.00 price objective for the company. Finally, Cfra began coverage on SpaceX in a research note on Friday, June 12th. They set a "sell" rating and a $115.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $224.34.

SpaceX Trading Down 4.0%

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 $1.75 trillion and a price-to-earnings ratio of -1,488.89. The stock has a 50 day moving average of $142.98.

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

Hedge Funds Weigh In On SpaceX

A number of large investors have recently added to or reduced their stakes in SPCX. Hyperion Asset Management Ltd bought a new stake in shares of SpaceX in the second quarter valued at about $201,137,000. Tema ETFs LLC acquired a new stake in SpaceX in the 2nd quarter valued at approximately $32,037,000. Montanova Capital LLC bought a new stake in SpaceX in the 2nd quarter valued at approximately $17,291,000. Teamwork Financial Advisors LLC bought a new stake in SpaceX in the 2nd quarter valued at approximately $8,027,000. Finally, Wedbush Securities Inc. acquired a new position in SpaceX during the 2nd quarter worth approximately $5,094,000.

About SpaceX

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.

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