SpaceX (NASDAQ:SPCX) Trading Down 3.9% - Should You Sell?

Key Points

• SpaceX shares fell 3.9% to $133.29 in mid-day trading, pressured by fading momentum, valuation concerns, significant AI infrastructure spending, and renewed net selling by retail investors.
• The company reported strong operating results, with quarterly revenue rising 91.9% year over year to $7.81 billion and a loss of $0.09 per share that beat estimates; it also secured a 2027 launch contract with Vietnam’s VinSpace.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and average price target of $229, although Morgan Stanley highlighted a potential $300 base case and $600 bull case tied to the Cursor acquisition and Grok-related AI opportunity.

SpaceX (NASDAQ:SPCX - Get Free Report)'s stock price was down 3.9% during mid-day trading on Tuesday . The company traded as low as $130.50 and last traded at $133.29. 107,987,463 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 114,733,375 shares. The stock had previously closed at $138.74.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Morgan Stanley reiterated a bullish long-term view, maintaining a $300 base-case target and outlining a potential $600 bull case if investors gain greater clarity on the Cursor acquisition and Grok-related AI opportunity. Morgan Stanley Sees $600 Bull Case for SpaceX Stock
• Positive Sentiment: SpaceX launched an always-on AI-agent version of Grok, expanding its ambitions beyond rockets and Starlink and positioning the company against major technology platforms in generative AI. SpaceX Takes On Google and Microsoft with Grok Bot
• Positive Sentiment: SpaceX secured a 2027 launch contract from Vietnam’s VinSpace, adding international commercial-launch demand. Its recent quarterly report also showed 91.9% year-over-year revenue growth to $7.81 billion and a better-than-expected loss. Vietnam’s VinSpace Signs SpaceX Launch Deal
• Neutral Sentiment: SpaceX is scheduled for additional Falcon 9 and Starlink launches, providing potential near-term operational catalysts, although routine launches may have limited impact unless there is a notable success or failure. SpaceX Falcon 9 Launch Coverage
• Negative Sentiment: The immediate pressure appears technical and valuation-driven: the stock’s recent rally is fading, while analysts and commentators warn that ambitious AI infrastructure plans and heavy capital expenditures may already be priced in. Retail investors also became net sellers for the first time since the IPO. Why SpaceX Stock Is Falling Today

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SPCX. Benchmark began coverage on shares of SpaceX in a report on Monday, June 22nd. They set a "buy" rating for the company. Roth Capital upgraded shares of SpaceX to a "buy" rating in a research note on Monday, June 22nd. Wolfe Research reaffirmed an "outperform" rating on shares of SpaceX in a research report on Wednesday, August 5th. Seaport Research Partners downgraded SpaceX from a "buy" rating to a "neutral" rating in a research note on Friday. Finally, William Blair reissued an "outperform" rating on shares of SpaceX in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $229.00.

SpaceX Stock Down 3.9%

The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $143.24.

SpaceX (NASDAQ:SPCX - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The business's revenue was up 91.9% compared to the same quarter last year. Equities analysts forecast that SpaceX will post -0.11 EPS for the current year.

Hedge Funds Weigh In On SpaceX

A number of large investors have recently bought and sold shares of the business. Atwood & Palmer Inc. acquired a new position in SpaceX during the 2nd quarter valued at approximately $29,000. Marquette Asset Management LLC bought a new position in SpaceX in the 2nd quarter valued at about $32,000. Burkett Financial Services LLC acquired a new position in shares of SpaceX during the second quarter valued at approximately $70,000. Contravisory Investment Management Inc. acquired a new position in shares of SpaceX during the 2nd quarter valued at $73,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in SpaceX during the second quarter worth about $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.

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