SpaceX (NASDAQ:SPCX) Sets New 52-Week Low – Here’s What Happened

SpaceX (NASDAQ:SPCX)’s share price reached a new 52-week low on Tuesday . The company traded as low as $136.78 and last traded at $139.14, with a volume of 71122394 shares. The stock had previously closed at $145.30.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Wall Street coverage remains constructive, with Evercore, Morgan Stanley, Needham, Raymond James and Stifel all highlighting strong long-term upside tied to Starship progress, vertical integration and AI-related opportunities. Article title
• Positive Sentiment: Starlink continues to expand commercially, including Frontier Airlines’ plan to roll out Starlink Wi‑Fi in 2027, which supports the growth case for SpaceX’s satellite internet business. Article title
• Positive Sentiment: The upcoming Starship Flight 13 test is seen as a major catalyst; a successful launch could help restore confidence in the company’s rocket roadmap and business outlook. Article title
• Neutral Sentiment: SpaceX also drew attention for possible new growth avenues, including AI infrastructure and even speculation about a smartphone strategy, but these are still longer-term possibilities rather than immediate earnings drivers.
• Negative Sentiment: Investor concern is rising that the stock’s valuation was too aggressive, with several articles noting the shares have erased much of their IPO gain and that sentiment has cooled sharply after the initial surge. Article title
• Negative Sentiment: Analyst commentary from skeptics such as Gary Black argued SpaceX may not be profitable until 2027, reinforcing concerns that fundamentals may lag the stock’s earlier rally.

Analysts Set New Price Targets

A number of research analysts have recently commented on SPCX shares. Mizuho began coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set an “outperform” rating and a $200.00 price target for the company. The Goldman Sachs Group began coverage on SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $205.00 target price on the stock. Royal Bank Of Canada began coverage on SpaceX in a research report on Tuesday, July 7th. They set an “outperform” rating and a $225.00 price target for the company. Morgan Stanley began coverage on shares of SpaceX in a research report on Tuesday, July 7th. They issued an “overweight” rating and a $300.00 price objective on the stock. Finally, Evercore began coverage on shares of SpaceX in a research report on Tuesday. They set an “outperform” rating and a $230.00 price objective on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, SpaceX currently has a consensus rating of “Moderate Buy” and an average target price of $237.56.

SpaceX Stock Down 0.6%

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

Institutional Investors Weigh In On SpaceX

Several institutional investors have recently added to or reduced their stakes in SPCX. Atwood & Palmer Inc. bought a new stake in shares of SpaceX in the 2nd quarter worth approximately $29,000. Marquette Asset Management LLC bought a new position in shares of SpaceX during the second quarter valued at approximately $32,000. Burkett Financial Services LLC purchased a new stake in SpaceX in the second quarter worth $70,000. Contravisory Investment Management Inc. purchased a new stake in SpaceX in the second quarter worth $73,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in SpaceX in the second quarter valued at $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.