SpaceX shares fall 1.36% despite $946 million NASA award for three missions

  • NASA awarded SpaceX three additional astronaut transportation missions under its Commercial Crew program.
  • $946 million lifts SpaceX's NASA Commercial Crew total to 17 flights worth $5.92 billion.
  • Starship Flight 14 moved from September 22 to September 28 pending regulatory authorization.

SpaceX shares ended Friday at $152.71, down 1.36%, despite NASA awarding the company three additional astronaut transportation missions worth $946 million. The missions, Crew-15, Crew-16 and Crew-17, lift SpaceX's total Commercial Crew flights to 17 and extend the agreement through 2030, taking the program's cumulative value to $5.92 billion. The expanded contract covers ground operations, launches, orbital operations, spacecraft return and recovery, cargo delivery, and emergency evacuation services. SpaceX reported second-quarter revenue of $7.81 billion, up 91.9% year over year, and a quarterly loss of $0.09 per stock unit versus analysts' expected loss of $0.26. MarketBeat lists a consensus price target of $221.42, based on 26 Buy, eight Hold and seven Sell ratings. Investor attention is shifting to Starship Flight 14, whose target launch date moved from September 22 to September 28 pending regulatory authorization. The mission is intended to achieve Starship's first orbital flight, complete about six Earth orbits over nearly 10 hours and deploy 26 Starlink V3 satellites. Technical analysis identified an ascending triangle pattern, with $200 viewed as a potential breakout level, while the stock trades above its 50-period moving average.

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