SpaceX (NASDAQ:SPCX) Now Covered by CLSA

Posted by Francis Steltz on Sep 29th, 2026

CLSA assumed coverage on shares of SpaceX (NASDAQ:SPCX – Free Report) in a research note published on Monday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $250.00 price target on the stock.

Several other research firms also recently issued reports on SPCX. Wolfe Research restated an “outperform” rating and set a $175.00 price objective on shares of SpaceX in a report on Wednesday, August 26th. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 target price on shares of SpaceX in a report on Wednesday, August 5th. Wedbush started coverage on shares of SpaceX in a research report on Tuesday, June 30th. They issued an “outperform” rating and a $190.00 target price on the stock. Argus upgraded shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Friday, August 7th. Finally, Oppenheimer upped their price target on shares of SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seven have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $219.24.

View Our Latest Stock Analysis on SpaceX

SpaceX Stock Down 2.2%

Shares of NASDAQ SPCX opened at $145.47 on Monday. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.92 trillion and a PE ratio of -1,616.33. The stock has a fifty day moving average of $136.92. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64.

SpaceX (NASDAQ:SPCX – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The company’s revenue for the quarter was up 91.9% compared to the same quarter last year. As a group, analysts anticipate that SpaceX will post -0.15 earnings per share for the current year.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of SpaceX

Several institutional investors have recently made changes to their positions in the stock. SC US Ttgp LTD. acquired a new position in SpaceX in the 2nd quarter valued at approximately $20,933,621,000. Darsana Capital Partners LP purchased a new stake in SpaceX in the 2nd quarter worth approximately $17,335,783,000. K5 Global Advisor LLC acquired a new stake in shares of SpaceX during the 2nd quarter valued at $6,587,531,000. State Street Corp purchased a new position in shares of SpaceX during the 2nd quarter valued at $1,858,329,000. Finally, Dragoneer Investment Group LLC purchased a new position in shares of SpaceX during the 2nd quarter valued at $1,366,880,000.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: Historic Starship milestone: Starship successfully reached low Earth orbit and deployed 26 Starlink V3 satellites, demonstrating progress toward a larger, more capable launch system. The satellites are expected to provide substantially greater bandwidth than earlier generations, potentially improving Starlink’s capacity and unit economics. CNBC Starship orbital test
Positive Sentiment: Analyst support remains strong: Sanford C. Bernstein reaffirmed its Buy rating, while CLSA initiated coverage with an Outperform rating and a $250 price target. Evercore ISI also continues to highlight potential growth from Starlink, Starship and SpaceX’s Colossus AI-computing business. SpaceX analyst coverage
Positive Sentiment: Starlink remains the commercial engine: SpaceX generated approximately $7.8 billion in quarterly revenue, up about 92% year over year, with Starlink reportedly contributing roughly $4.3 billion. Higher-capacity V3 satellites could support subscriber growth and future revenue expansion. Starlink and Starship investment analysis
Neutral Sentiment: Mission success was incomplete: One Raptor engine shut down after reaching space, shortening the planned mission. Starship later tipped over and was destroyed during splashdown, showing that reusability and routine operations still require additional testing.
Negative Sentiment: Valuation leaves little room for mistakes: SpaceX’s roughly $1.9 trillion market capitalization and very high price-to-sales multiple already reflect aggressive expectations for Starlink, AI-compute leasing and commercial Starship launches. Investors may be taking profits or awaiting evidence that the orbital achievement can translate into sustained margins.
Negative Sentiment: Insider selling adds pressure: President and COO Gwynne Shotwell filed to sell approximately $52 million of SPCX shares. Although such sales may be personal or scheduled transactions, they can weigh on sentiment, particularly while the stock has substantial retail-driven volatility. Gwynne Shotwell share sale

About SpaceX

(Get Free Report)

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.