SpaceX (NASDAQ:SPCX) Stock Falls 4.2% – What’s Next?

SpaceX (NASDAQ:SPCX) shares fell 4.2% on Thursday. The stock traded as low as $160.00 and last traded at $160.57. 66,467,240 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 102,493,047 shares. The stock had previously closed at $167.60.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: The FCC approved SpaceX’s plan to deploy 15,000 additional Starlink satellites for direct-to-device service and waived a ground-carrier leasing requirement. The decision could expand Starlink’s mobile-connectivity opportunity and reduce regulatory friction. SpaceX Gets FCC Approval for 15,000 Starlink Satellites
• Positive Sentiment: American Airlines plans to install Starlink internet on more than 1,000 aircraft, providing a substantial commercial customer win and supporting Starlink revenue growth. American Airlines to Add Starlink to More Than 1,000 Planes
• Positive Sentiment: SpaceX successfully completed NASA’s 237-day Crew-12 mission, reinforcing the reliability of its Dragon spacecraft and human-spaceflight operations. SpaceX Completes NASA Crew-12 Mission
• Positive Sentiment: Analysts remain divided but some are bullish: Morgan Stanley maintained a Buy rating and a $300 target, while Goldman Sachs reportedly raised its outlook. Morgan Stanley Reaffirms Buy Rating
• Neutral Sentiment: SpaceX’s AI-compute business is attracting demand, including a reported Google partnership potentially worth up to $29 billion. However, the revenue opportunity may depend on long-term contracts and successful infrastructure expansion. SpaceX Google AI Pact
• Negative Sentiment: Investors are concerned about reports that SpaceX seeks approximately $40 billion in debt—about $10 billion in loans and $30 billion in bonds—to purchase Nvidia AI chips. The plan could accelerate AI revenue, but it would increase leverage, capital requirements and exposure to rapidly depreciating technology. Apollo and Banks Discuss SpaceX Nvidia Financing
• Negative Sentiment: Up to 328.4 million shares may become eligible for sale on October 9, creating a potential increase in trading supply and selling pressure from early holders. SpaceX Share Unlock
• Negative Sentiment: Starlink’s delayed India launch and Elon Musk’s public dispute with local telecom interests highlight regulatory and market-entry risks. Erste Group initiated coverage with a Hold rating, reflecting caution around valuation and execution.

Analyst Ratings Changes

A number of analysts have weighed in on SPCX shares. Wells Fargo & Company lowered their target price on SpaceX from $215.00 to $212.00 and set an “overweight” rating for the company in a report on Tuesday, September 8th. Susquehanna boosted their price target on SpaceX from $144.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday. Moffett Nathanson upped their price objective on SpaceX from $131.00 to $142.00 and gave the stock a “neutral” rating in a research note on Monday, September 14th. Sanford C. Bernstein reiterated a “buy” rating on shares of SpaceX in a research note on Monday, September 28th. Finally, Wedbush assumed coverage on shares of SpaceX in a report on Tuesday, June 30th. They issued an “outperform” rating and a $190.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $218.76.

SpaceX Stock Down 4.2%

The stock’s 50-day moving average is $142.98. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The stock has a market cap of $2.12 trillion and a PE ratio of -1,784.11.

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

Insider Activity at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of SpaceX

A number of hedge funds have recently bought and sold shares of SPCX. Artemis Investment Management LLP purchased a new position in SpaceX during the third quarter worth approximately $19,385,000. Aletheian Wealth Advisors LLC acquired a new position in shares of SpaceX during the 3rd quarter valued at about $359,000. Apeiron RIA LLC purchased a new stake in shares of SpaceX in the third quarter valued at about $345,000. YHB Investment Advisors Inc. acquired a new stake in SpaceX during the third quarter worth about $715,000. Finally, Titleist Asset Management LLC purchased a new position in SpaceX during the third quarter worth about $18,248,000.

SpaceX Company Profile

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.