Sanford C. Bernstein Reaffirms Buy Rating for SpaceX (NASDAQ:SPCX)

Posted by Geri Gentry on Sep 30th, 2026

SpaceX (NASDAQ:SPCX – Get Free Report)‘s stock had its “buy” rating reissued by analysts at Sanford C. Bernstein in a report issued on Monday, MarketBeat reports.

A number of other analysts have also commented on the company. Clear Str raised SpaceX to a “strong-buy” rating in a research note on Tuesday, July 7th. Arete Research set a $450.00 target price on shares of SpaceX in a report on Tuesday, August 11th. UBS Group reiterated a “buy” rating and set a $75.00 price target (down from $210.00) on shares of SpaceX in a report on Monday, August 17th. Cantor Fitzgerald restated an “overweight” rating and set a $246.00 target price on shares of SpaceX in a research report on Wednesday, August 5th. Finally, William Blair reiterated an “outperform” rating on shares of SpaceX in a report on Friday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seven have issued a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $218.68.

View Our Latest Stock Report on SpaceX

SpaceX Price Performance

Shares of SpaceX stock opened at $149.24 on Monday. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The stock’s 50 day moving average is $137.43. The firm has a market cap of $1.97 trillion and a P/E ratio of -1,658.22.

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

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total value of $52,547,046.90. Following the transaction, the chief operating officer owned 2,472,035 shares in the company, valued at $379,630,414.95. This trade represents a 12.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

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

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: Starship reached orbit and deployed 26 Starlink V3 satellites for the first time. Although an engine shutdown shortened the mission and the vehicle was lost during reentry, the flight demonstrated progress toward deploying higher-capacity satellites. The milestone could support Starlink’s revenue growth and improve network economics as SpaceX adds capacity. SpaceX reached orbit and deployed 26 satellites
Positive Sentiment: Analysts raised or reaffirmed bullish views. TD Cowen initiated coverage with a Buy rating and a $200 price target, UBS reiterated Buy with a $210 target, and CLSA assigned an Outperform rating with a $250 target. Analysts cited Starlink, commercial launches and AI-compute leasing as catalysts. TD Cowen SpaceX coverage
Positive Sentiment: AI infrastructure is becoming a major part of the investment thesis. SpaceX plans to rent computing capacity to AI developers and use the proceeds to help fund orbital data centers. UBS expects third-quarter revenue of $13.8 billion—7% above consensus—with adjusted EBITDA of $7.5 billion, helped by AI deals and growth across its businesses. Reports also linked Anthropic to substantial future SpaceX compute commitments. UBS SpaceX revenue forecast
Neutral Sentiment: SpaceX’s latest quarterly results showed revenue up 91.9% year over year to $7.81 billion, while its loss of $0.09 per share beat expectations. The strong growth supports the bullish narrative, but the company remains unprofitable on an earnings-per-share basis.
Negative Sentiment: Execution and valuation risks remain substantial. The shortened Starship mission underscores that reliable reusability has not yet been proven, while the company’s roughly $2 trillion valuation leaves limited room for delays or weaker growth. President and COO Gwynne Shotwell’s reported planned sale of approximately $52 million in shares may also weigh on sentiment. SpaceX Starship investment risks

SpaceX Company Profile

(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.