SpaceX (SPCX) stock closed Friday at $152.71, down 1.36%, even after NASA awarded the company a $946 million contract modification for three additional crew rotation missions to the International Space Station. The new missions, designated Crew-15, Crew-16 and Crew-17, lift the total number of contracted missions under the Commercial Crew program to 17 and bring the overall contract value to $5.92 billion.
The award covers ground operations, launch, in-orbit services, return and recovery, cargo transportation and emergency lifeboat capability. NASA said the missions will run through 2030, with mission readiness dates scheduled for 2027 and 2028. SpaceX was first certified by NASA for crew transportation in November 2020.
Investors appeared more focused on the upcoming Starship Flight 14, which has been moved from September 22 to September 28 and remains subject to regulatory approval. The mission is expected to attempt Starship’s first orbital flight, plan roughly six Earth orbits over close to 10 hours, and deploy 26 Starlink V3 satellites. Each V3 satellite is designed to provide one terabit per second of network capacity. The six-day delay weighed on SPCX during Friday trading, and SpaceX has not publicly provided a reason for moving the launch date.
SpaceX continues to show rapid revenue growth. The company reported $7.81 billion in quarterly revenue, up 91.9% from a year earlier, with a quarterly loss of $0.09 per stock unit versus a consensus estimate for a $0.26 loss. SpaceX’s connectivity business generated more than $4.29 billion in revenue, and its space business brought in over $962 million. The company also reported growing AI data center operations, with Colossus and Colossus II contributing $1.6 billion in incremental revenue during the quarter. SpaceX recently signed a $1.1 billion-a-month deal with an unnamed client and received orders from Anthropic, Google and Reflection AI.
From a technical perspective, SPCX remains above its 50-period moving average and has formed an ascending triangle pattern. Invezz identified $200 as a possible breakout level, while Wall Street’s average price target stands at $221.42, roughly 45% above Friday’s close. The stock remains well above its 2026 low of $104.83, up roughly 47%. MarketBeat lists 26 Buy ratings, eight Hold ratings and seven Sell ratings. Elon Musk highlighted the Starlink opportunity, saying: “Even if our monetization per bit dropped by a factor of 10, that would still mean a 10x increase in the revenue of Starlink. I think people are really underestimating Starlink here. This is a big deal.”
