SpaceX (NASDAQ:SPCX) Stock Price Down 4.9% Following Insider Selling

SpaceX (NASDAQ:SPCX)’s stock price dropped 4.9% on Wednesday following insider selling activity. The stock traded as low as $187.01 and last traded at $191.82. Approximately 198,547,295 shares changed hands during trading, a decline of 23% from the average daily volume of 258,655,328 shares. The stock had previously closed at $201.80.

Specifically, CEO Elon Musk sold 11,390 shares of SpaceX stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $105.32, for a total transaction of $1,199,594.80. Following the transaction, the chief executive officer directly owned 526,165,900 shares of the company’s stock, valued at $55,415,792,588. The trade was a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Ratings Changes

Several analysts have recently commented on SPCX shares. Cfra assumed coverage on shares of SpaceX in a report on Friday, June 12th. They issued a “sell” rating and a $115.00 target price for the company. New Street Research upgraded shares of SpaceX to a “strong-buy” rating in a report on Thursday, June 11th. Zacks Research raised shares of SpaceX to a “hold” rating in a research report on Monday. Arete Research set a $401.00 price objective on shares of SpaceX and gave the company a “buy” rating in a research note on Thursday. Finally, Wolfe Research assumed coverage on shares of SpaceX in a research report on Friday, June 12th. They set an “outperform” rating and a $175.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $221.20.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Wall Street is still adding bullish catalysts: Arete Research upgraded SpaceX to strong-buy, while analysts at Oppenheimer and others highlighted upside tied to the company’s AI ambitions, large retail demand, and possible index inclusion that could bring more passive buying. Article Title
• Positive Sentiment: SpaceX’s $60 billion all-stock acquisition of Cursor and broader push into enterprise AI are being framed as strategic moves that could expand the company well beyond rockets and satellites, supporting long-term growth expectations. Article Title
• Neutral Sentiment: Several reports focused on investor enthusiasm around SpaceX’s record IPO, massive valuation, ETF inclusion, tokenized-share demand, and options activity. These headlines help explain the stock’s strong interest, but they also point to elevated speculation and volatility rather than a clear fundamental re-rating. Article Title
• Negative Sentiment: Bears are warning that the stock’s valuation may be too stretched, with multiple articles noting a recent pullback, profit-taking after the IPO pop, and concerns that the frenzy could fade once the initial excitement cools. Article Title

SpaceX Price Performance

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

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.