SpaceX (NASDAQ:SPCX) Shares Down 1.4% – Here’s Why

SpaceX (NASDAQ:SPCX)’s stock price fell 1.4% during mid-day trading on Monday . The stock traded as low as $133.10 and last traded at $135.00. Approximately 59,745,309 shares changed hands during trading, a decline of 47% from the average daily volume of 112,594,031 shares. The stock had previously closed at $136.97.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX has reportedly secured more than $8 billion in Pentagon contracts connected to the Golden Dome missile-defense program. Additional awards could provide a substantial revenue opportunity and strengthen the company’s government-business backlog. SpaceX Has Already Won More Than $8 Billion From Golden Dome
• Positive Sentiment: SpaceXAI is partnering with Nvidia to deploy Vera CPUs for Grok and other agentic-AI applications. The initiative could expand SpaceX’s data-center and AI infrastructure ambitions, although its financial contribution is not yet clear. SpaceXAI Taps NVIDIA To Build Faster AI Agents
• Positive Sentiment: Institutional and high-profile investor interest remains strong. ARK Invest reportedly bought $27.5 million of SPCX, while Baron Capital disclosed a $24.9 billion position, supporting the long-term bull case. Cathie Wood Buys SpaceX Stock
• Neutral Sentiment: Elon Musk said Falcon 9 will not be retired until Starship demonstrates reliable flight performance. The transition could eventually reduce launch costs and enable larger satellite constellations, but it makes Starship’s upcoming testing and development milestones especially important. Musk Explains When Falcon 9 Will Be Retired
• Negative Sentiment: Investors are awaiting a critical Starship test in September, with delays and reliability concerns remaining major overhangs. Analysts also question whether Starlink’s mobile service can overcome physics and capacity limitations when competing with terrestrial 5G. SpaceX Stock Dips Ahead of Starship Test
• Negative Sentiment: A bearish Seeking Alpha analysis argues that SpaceX’s valuation reflects a substantial “Musk Premium.” Starlink accounts for about 62% of revenue, but declining average revenue per user and pressure from depreciation and launch costs could limit margin expansion. SpaceX’s Possibilities Are Endless But It Is Still Too Early
• Negative Sentiment: Valuation concerns intensified after DZ Bank initiated coverage with a Sell rating and a $100 price target, while another analyst reportedly identified as much as 45% downside risk. News that President Trump owns SpaceX shares also created governance and political-conflict concerns rather than serving as a clear catalyst. DZ Bank Rates SpaceX a Sell

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Guggenheim started coverage on SpaceX in a research note on Friday, August 7th. They issued a “buy” rating for the company. Canaccord Genuity Group started coverage on shares of SpaceX in a report on Tuesday, July 7th. They issued a “buy” rating and a $246.00 price target on the stock. Bank of America began coverage on SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $235.00 price objective for the company. Daiwa Securities Group started coverage on SpaceX in a research report on Thursday, July 2nd. They issued a “neutral” rating and a $175.00 target price on the stock. Finally, Argus raised SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, SpaceX presently has a consensus rating of “Moderate Buy” and an average price target of $220.20.

SpaceX Stock Down 1.4%

The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The stock’s 50 day simple moving average is $142.32. The firm has a market capitalization of $1.77 trillion and a P/E ratio of -1,500.00.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. SpaceX’s revenue was up 91.9% compared to the same quarter last year. On average, analysts anticipate that SpaceX will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On SpaceX

Large investors have recently added to or reduced their stakes in the stock. Hyperion Asset Management Ltd bought a new stake in shares of SpaceX in the 2nd quarter valued at approximately $201,137,000. Bond Capital Management LP bought a new position in shares of SpaceX during the 2nd quarter valued at approximately $180,620,000. Value Aligned Research Advisors LLC purchased a new stake in SpaceX during the 2nd quarter valued at $100,760,000. Tema ETFs LLC bought a new stake in SpaceX in the second quarter worth $32,037,000. Finally, Montanova Capital LLC bought a new stake in SpaceX in the second quarter worth $17,291,000.

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.