SpaceX (NASDAQ:SPCX) Shares Up 2.6% – What’s Next?

Shares of SpaceX (NASDAQ:SPCX) traded up 2.6% during mid-day trading on Thursday . The stock traded as high as $153.50 and last traded at $152.16. Approximately 46,061,227 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 138,348,703 shares. The stock had previously closed at $148.30.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Wall Street coverage turned broadly bullish, with several firms initiating buy ratings and Raymond James setting a street-high $800 price target, arguing SpaceX could still have major upside if Starlink and launch growth scale as expected. Raymond James Sets Wall Street’s Highest Price Target on SpaceX Stock at $800. Here’s the Math Behind the 425% Upside Call.
• Positive Sentiment: SpaceX was added to the Nasdaq-100, which could drive forced buying from index funds and support demand for the shares over time. SpaceX Added to Nasdaq-100 and Could Trigger $4.3B in Forced Passive Buying
• Positive Sentiment: Cathie Wood’s ARK Invest continued buying SpaceX shares, signaling that some growth investors still see the post-IPO pullback as a buying opportunity. Cathie Wood Buys More SpaceX, Sells AMD, BioNTech, and Other Growth Stocks, 7/9/26
• Neutral Sentiment: Backpack launched 24/7 trading of tokenized real U.S. equities, including SpaceX, expanding access for international investors but not directly changing the company’s fundamentals. Beyond SpaceX: First Trust Launches FSPC Space Economy ETF Focused on AI, Satellites, Launch Leaders
• Negative Sentiment: Bearish commentary intensified around SpaceX’s valuation, with multiple reports saying the IPO hype is fading and that the company’s true value may be far below its market cap. SpaceX: The IPO Hype Is Fading – Why Shares’ True Value May Be Less Than Half Its Market Cap
• Negative Sentiment: Several stories highlighted mounting concerns about losses, heavy AI spending, and funding needs, reinforcing worries that profits may remain distant despite strong revenue growth. SpaceX Lost $4.28 Billion on $4.7 Billion in Revenue Last Quarter. Here’s What’s Going On.
• Negative Sentiment: China’s first successful reusable rocket booster landing also raised competitive pressure on SpaceX’s launch leadership story. China Lands Reusable Rocket Booster for the First Time, Closes Gap With SpaceX in Orbital Launch Race

Wall Street Analyst Weigh In

SPCX has been the topic of a number of research analyst reports. Roth Capital raised SpaceX to a “buy” rating in a research report on Monday, June 22nd. Moffett Nathanson initiated coverage on SpaceX in a research note on Tuesday. They set a “neutral” rating and a $131.00 target price for the company. New Street Research upgraded shares of SpaceX to a “strong-buy” rating in a report on Thursday, June 11th. William Blair assumed coverage on shares of SpaceX in a research note on Tuesday. They issued an “outperform” rating on the stock. Finally, Canaccord Genuity Group initiated coverage on shares of SpaceX in a report on Tuesday. They issued a “buy” rating and a $246.00 price target for the company. Four analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $239.12.

SpaceX Trading Down 4.5%

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

Institutional Trading of SpaceX

Hedge funds and other institutional investors have recently modified their holdings of the stock. KERR FINANCIAL PLANNING Corp bought a new position in SpaceX during the second quarter worth about $566,000. Burkett Financial Services LLC bought a new stake in SpaceX in the 2nd quarter valued at about $70,000. Dogwood Wealth Management LLC bought a new stake in SpaceX in the 2nd quarter valued at about $139,000. Dynamic Advisor Solutions LLC acquired a new position in shares of SpaceX during the 2nd quarter worth approximately $3,383,000. Finally, Apella Capital LLC bought a new position in shares of SpaceX during the second quarter worth approximately $452,000.

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.