TLDR
- SpaceX (SPCX) stock jumped 8% to $171.09, trading as high as $172.47 on heavy volume.
- Morgan Stanley reiterated a Buy rating with a $300 price target, calling the stock “cheap and getting cheaper.”
- The company posted 92% year-over-year revenue growth to $7.81 billion and beat EPS estimates in August.
- COO Gwynne Shotwell sold over $52 million worth of stock under a pre-set trading plan.
- Elon Musk’s return to a Pentagon role and talk of AI deals with Microsoft are fueling investor interest.
SpaceX (SPCX) stock climbed 8% on Monday, touching $172.47 before settling at $171.09. Trading volume hit over 133 million shares, a jump of 29% above the average session.
Space Exploration Technologies Corp., SPCX
The stock had closed the prior session at $158.96. Over the past five trading days, SPCX is up more than 15%.
Morgan Stanley reiterated its Buy-equivalent rating this week. The firm set a $300 price target and said the stock is “cheap and getting cheaper” based on growth-adjusted metrics.
The broader analyst consensus sits at “Moderate Buy” with an average price target of $218.68. Three analysts rate it Strong Buy, twenty-seven say Buy, seven say Hold, and seven say Sell.
Not every firm is on board. Susquehanna downgraded the stock to Underperform in August. HSBC started coverage with a Hold rating and a $115 target.
What’s Driving the Rally
A handful of smaller stories are adding up rather than one single headline event. SpaceX renamed its AI division from SpaceXAI to SpaceXSI, aligning with a push from the Trump administration to rebrand artificial intelligence as “super intelligence.”
Elon Musk also confirmed talks with TSMC (TSM) about a dedicated chip facility. The project, known as Terafab, would reportedly also involve Intel (INTC) and Tesla (TSLA).
Bernstein estimates SpaceX’s AI revenue could grow nearly 500% next year. Reports also surfaced that Microsoft has held talks with SpaceX about leasing AI computing capacity, though no deal is confirmed yet.
On the rocket side, SpaceX completed three launches in about 13 hours this week. The company is also preparing to reattempt a U.S. Space Development Agency mission after a weather scrub.
Starship is in the mix too. Following successful flights in July and September, SpaceX is targeting up to two more test flights this month, Flight 15 and Flight 16, though only one is expected within the next 25 days.
Musk’s Government Role Back in Focus
Musk is returning to a role with the Trump Administration, set to co-lead the Pentagon’s Project Meridian alongside Newt Gingrich and Anduril’s Palmer Luckey. Given SpaceX’s deep ties to federal contracts, this detail isn’t small for investors watching the stock.
Analyst Ali Martinez tied the October breakout directly to Musk’s military involvement in a post on X. He pointed to both SPCX and Tesla attempting technical breakouts around the same time.
Martinez forecasts SPCX could rise another 5% to $180 if the rally continues. He also flagged TSLA’s potential run toward $450 if it clears $400 first.
Not everything is upside, though. SpaceX’s valuation remains a sticking point for cautious analysts, who warn that a lot of future growth is already priced into the stock.
There’s also an insider angle worth noting. COO Gwynne Shotwell sold 342,170 shares on September 22 at an average price of $153.57, a transaction worth just over $52.5 million.
That sale was executed under a pre-arranged Rule 10b5-1 trading plan and cut her ownership stake by about 12%. She still holds over 2.4 million shares, valued at roughly $379.6 million.
On fundamentals, SpaceX posted a loss of $0.09 per share in its last quarterly report, beating the consensus estimate of a $0.26 loss. Revenue for the quarter came in at $7.81 billion, up 92% from a year earlier.
The company’s 50-day simple moving average sits at $139.62. SpaceX carries a market cap of $2.26 trillion and a debt-to-equity ratio of 0.29.
Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions — all in one powerful platform.
Sign up today and get 50% OFF full access to our premium stock picks.
Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
