SpaceX (NASDAQ:SPCX) Downgraded to Sell Rating by Wall Street Zen

Posted by Francis Steltz on Jul 26th, 2026

Wall Street Zen downgraded shares of SpaceX (NASDAQ:SPCX – Free Report) from a hold rating to a sell rating in a research report report published on Saturday morning.

A number of other brokerages have also weighed in on SPCX. Benchmark assumed coverage on SpaceX in a research report on Monday, June 22nd. They issued a “buy” rating for the company. Argus began coverage on shares of SpaceX in a report on Friday, June 26th. They set a “hold” rating on the stock. Citigroup began coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $200.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $255.00 price objective for the company. Finally, Moffett Nathanson began coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a “neutral” rating and a $131.00 price objective on the stock. Four analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $230.50.

Read Our Latest Analysis on SPCX

SpaceX Stock Performance

SPCX stock opened at $115.07 on Friday. SpaceX has a 12-month low of $110.85 and a 12-month high of $225.64.

SpaceX (NASDAQ:SPCX – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($1.27) earnings per share for the quarter. The firm had revenue of $4.69 billion during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Atwood & Palmer Inc. purchased a new stake in shares of SpaceX during the 2nd quarter valued at about $29,000. Marquette Asset Management LLC purchased a new position in shares of SpaceX in the second quarter worth approximately $32,000. Burkett Financial Services LLC bought a new stake in SpaceX during the second quarter valued at approximately $70,000. Contravisory Investment Management Inc. bought a new stake in SpaceX during the second quarter valued at approximately $73,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SpaceX during the second quarter valued at approximately $89,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: SpaceX is attempting to launch 20 Starlink V3 satellites and its delayed Starship Flight 13, and a successful mission could restore confidence in the company’s launch cadence, lower future launch costs, and support Starlink’s growth narrative. Article Title
Positive Sentiment: Alphabet’s disclosed $94 billion SpaceX stake and ongoing high monthly cloud-compute spending underscore strong strategic interest from a major tech partner, which investors may view as validation of SpaceX’s long-term AI and infrastructure ambitions. Article Title
Neutral Sentiment: SpaceX is reportedly scouting Texas sites for AI data centers, reinforcing the company’s broader growth optionality beyond rockets, but the market is still waiting for concrete details before assigning much value. Article Title
Negative Sentiment: HSBC initiated coverage with a Hold rating and a price target below the IPO price, adding to worries that the “Musk premium” may already be fully priced in. Article Title
Negative Sentiment: Repeated Starship delays due to weather and recent test setbacks have pressured sentiment, since the stock’s near-term trading is closely tied to whether SpaceX can execute on its most visible catalyst. Article Title
Negative Sentiment: Investors are also focused on an upcoming lockup expiration that could add supply to the market, while short interest and bearish commentary suggest more volatility ahead for SpaceX (NASDAQ: SPCX). Article Title

SpaceX Company Profile

(Get Free Report)

SpaceX, or Space Exploration Technologies Corp., is an American aerospace company focused on the design, manufacture and launch of advanced rockets and spacecraft. The company develops launch vehicles and space systems used for commercial, government and scientific missions, with a strong emphasis on lowering the cost of access to space through reusable rocket technology.

Founded in 2002 by Elon Musk, SpaceX has built a broad portfolio of products and services that includes the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starship development program.