SpaceX (NASDAQ:SPCX) Trading 6.4% Higher – Time to Buy?

SpaceX (NASDAQ:SPCX) rose 6.4% during trading on Thursday . The stock traded as high as $152.30 and last traded at $149.74. 120,576,050 shares were traded during trading, an increase of 14% from the average session volume of 105,802,383 shares. The stock had previously closed at $140.71.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: AI growth is the main bullish catalyst. Oppenheimer raised its price target to $280 from $250, while Bernstein set a $248 target, citing rapidly expanding AI revenue and demand for SpaceX computing capacity. Elon Musk said Google, Anthropic and other customers are leasing SpaceX compute because power availability is limiting AI expansion. SpaceX’s big AI advantage is why this analyst thinks the stock could double
• Positive Sentiment: Strong operating momentum supports the rebound. SpaceX’s latest results showed revenue of $7.8 billion, up 92% year over year, with adjusted EBITDA of $3.5 billion. Starlink subscribers reportedly doubled to 12 million, while AI revenue rose sharply and the segment became EBITDA-positive. Investors are increasingly viewing the company as a combined space, connectivity and AI-infrastructure platform. Why Is SpaceX Up Since Last Earnings Report?
• Positive Sentiment: Starship Test 14 is providing a near-term trading catalyst. Investors are positioning ahead of a test targeted for September 15, helping lift SpaceX and other space stocks. A successful test could reinforce expectations for lower launch costs and greater demand for satellite and orbital infrastructure. SpaceX Rises as Starship Test 14 Approaches
• Neutral Sentiment: Anthropic’s potential IPO highlights both opportunity and competition. A public offering by the AI company could attract capital toward the AI sector and validate demand for compute, but it would also give investors a direct alternative to highly valued SPCX shares. Anthropic Is Reportedly Gearing Up for an IPO
• Negative Sentiment: Heavy spending and extreme valuation remain the key concerns. SpaceX reportedly spent $18.4 billion in the quarter, including substantial AI investment, remains GAAP-loss-making and may sustain elevated capital expenditures. Commentators note that the stock’s valuation leaves little room for execution mistakes. Wall Street Thinks SpaceX Is a Buy
• Negative Sentiment: AI infrastructure execution is under scrutiny. SpaceX reportedly reshuffled data-center leadership after reliability problems and delays, with a major Google compute contract facing a September 30 deadline. Potential contract exits could weaken the AI growth narrative. SpaceX AI Buildout Shows Cracks
• Negative Sentiment: Regulatory, political and reputational risks are increasing. Reports cite U.S.-EU tensions, community opposition to Mississippi data centers and possible environmental litigation. Investors must also monitor insider share unlocks and Elon Musk’s key-person risk.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SPCX. HSBC started coverage on shares of SpaceX in a research note on Thursday, July 23rd. They issued a “hold” rating and a $115.00 target price on the stock. Raymond James Financial lowered shares of SpaceX from a “strong-buy” rating to a “strong sell” rating in a report on Friday, August 7th. Wall Street Zen upgraded shares of SpaceX from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Bank of America started coverage on shares of SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $235.00 target price for the company. Finally, Benchmark assumed coverage on SpaceX in a research note on Monday, June 22nd. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have issued a Hold rating and seven have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.20.

SpaceX Price Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The firm has a market capitalization of $1.96 trillion and a price-to-earnings ratio of -1,663.78. The business has a 50 day simple moving average of $136.33.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The company’s quarterly revenue was up 91.9% on a year-over-year basis. As a group, equities research analysts forecast that SpaceX will post -0.15 EPS for the current year.

Institutional Investors Weigh In On SpaceX

Hedge funds and other institutional investors have recently bought and sold shares of the business. Syntax Research Inc. bought a new position in SpaceX during the second quarter valued at approximately $26,000. Atwood & Palmer Inc. bought a new stake in SpaceX in the 2nd quarter worth approximately $29,000. PayPay Securities Corp purchased a new stake in SpaceX during the 2nd quarter valued at $30,000. Marquette Asset Management LLC bought a new position in shares of SpaceX during the 2nd quarter valued at $32,000. Finally, POM Investment Strategies LLC purchased a new position in shares of SpaceX in the 2nd quarter worth $39,000.

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.