Space Exploration Technologies Corp

(NASDAQ)
Back to all articles
Bullish +62

Key facts: SPCX Rebounds; NASA Adds $946M; Terafab Advances - TradingView

Government funding Leadership change AI-generated analysis

📈 SPCX stock rose 6% early Friday after a nearly 13% two-day drop, supported by Deutsche Bank reaffirming its buy rating and $250 price target.

💰 NASA added $946 million to SPCX's astronaut transportation contract in September, bringing the total contract value to $5.92 billion.

🤝 U.S. agencies are expected to supply about 20% of SPCX's 2025 revenue, which is above Elon Musk's recent estimates.

🏭 SPCX and Tesla are building a chip fabrication research facility at Gigafactory Texas to accelerate testing of new chip designs.

👤 Board director Donald Harrison resigned effective Nov. 4 after more than a decade due to conflicts of interest involving Alphabet.

📉 Scottish Mortgage cut its SpaceX position to 11.1% of assets from 15%, citing portfolio discipline rather than lower confidence.

📈 Google increased its shareholding in SPCX from 551.2 million shares to approximately 555 million shares.

⚠️ AT&T and T-Mobile reportedly discussed ending Boost Mobile's network access if SPCX acquires the carrier, though neither has decided to act yet.

Bullish Signals
  • SPCX stock rebounded 6% early Friday after a nearly 13% two-day drop, supported by Deutsche Bank reaffirming its buy rating and $250 price target.
  • NASA added $946 million to SPCX's astronaut transportation contract in September, bringing the total contract value to $5.92 billion.
  • U.S. agencies are expected to supply about 20% of SPCX's 2025 revenue, which exceeds Elon Musk's recent estimates.
  • Google increased its shareholding in SPCX from 551.2 million shares to approximately 555 million shares.
Risk Factors
  • Scottish Mortgage cut its SpaceX position to 11.1% of assets from 15%, citing portfolio discipline rather than lower confidence.
  • Board director Donald Harrison resigned effective Nov. 4 after more than a decade due to conflicts of interest involving Alphabet.
Full Analysis
Space Exploration Technologies Corp (SPCX) stock rebounded 6% early Friday following a significant two-day decline, driven by Deutsche Bank reaffirming its buy rating and $250 price target. The bank noted that political retaliation risks facing Elon Musk may be overstated, providing a bullish catalyst for the ticker. NASA has increased SPCX's astronaut transportation contract value to $5.92 billion after adding $946 million in September, signaling strong government demand. Additionally, U.S. agencies are projected to supply approximately 20% of SPCX's 2025 revenue, exceeding Elon Musk's recent estimates and validating the company's growth trajectory. Corporate governance changes include the resignation of board director Donald Harrison effective Nov. 4 due to conflicts of interest involving Alphabet, though the company stated this was not tied to disputes. Meanwhile, institutional investors like Scottish Mortgage reduced their holdings for portfolio discipline reasons, while Google increased its shareholding, indicating mixed but active institutional sentiment. Strategic developments include SPCX and Tesla building a chip fabrication research facility at Gigafactory Texas to accelerate new chip design testing. However, potential regulatory hurdles remain as AT&T and T-Mobile discussed ending Boost Mobile's network access if SPCX acquires the carrier, requiring approval from both operators before any deal proceeds.