SpaceX (NASDAQ:SPCX – Get Free Report) was upgraded by research analysts at TD Cowen to a “strong-buy” rating in a research note issued to investors on Monday, Zacks reports.
Other analysts have also issued research reports about the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of SpaceX in a research note on Monday. Phillip Securities upgraded shares of SpaceX to a “strong sell” rating and set a $75.00 price objective on the stock in a report on Friday, July 31st. Needham & Company LLC reissued a “buy” rating and issued a $250.00 price objective on shares of SpaceX in a research report on Wednesday, August 5th. Clear Str upgraded SpaceX to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Susquehanna lowered SpaceX from a “neutral” rating to an “underperform” rating in a research report on Friday, August 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seven have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SpaceX currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.68.
Read Our Latest Stock Report on SpaceX
SpaceX Stock Performance
SpaceX (NASDAQ:SPCX – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The business’s revenue for the quarter was up 91.9% compared to the same quarter last year. On average, sell-side analysts predict that SpaceX will post -0.15 earnings per share for the current year.
Insiders Place Their Bets
In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the transaction, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This trade represents a 12.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Hedge Funds Weigh In On SpaceX
A number of hedge funds have recently bought and sold shares of SPCX. Syntax Research Inc. bought a new stake in SpaceX in the second quarter valued at about $26,000. Atwood & Palmer Inc. acquired a new position in shares of SpaceX in the 2nd quarter worth approximately $29,000. PayPay Securities Corp bought a new stake in shares of SpaceX in the 2nd quarter valued at approximately $30,000. Marquette Asset Management LLC bought a new stake in shares of SpaceX in the 2nd quarter valued at approximately $32,000. Finally, Community Bank N.A. acquired a new position in SpaceX in the second quarter worth $38,000.
Key Headlines Impacting 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 splashdown, the successful deployment advances SpaceX’s plan to expand Starlink. Higher-capacity V3 satellites could improve network economics and support future revenue growth. SpaceX reached orbit and deployed 26 satellites
- Positive Sentiment: Analysts raised expectations for SpaceX’s growth. UBS reiterated a Buy rating and a $210 price target, forecasting third-quarter revenue of approximately $13.8 billion—above consensus—with AI, Starlink and launch operations driving the potential beat. TD Cowen separately began coverage with a Buy rating and a $200 target. UBS expects a strong third quarter
- Positive Sentiment: AI-compute leasing is emerging as another potential growth engine. Anthropic reportedly committed up to $84.5 billion in computing agreements through 2029, while analysts believe SpaceX can monetize data-center capacity and use the proceeds to fund orbital data-center ambitions. Anthropic compute agreements with SpaceX
- Neutral Sentiment: Long-term projections remain highly bullish but speculative. Citi suggested SpaceX could eventually reach a $12 trillion valuation and Gene Munster said the stock could more than double if launch cadence scales dramatically. These are scenario-based estimates rather than near-term earnings catalysts. Citi SpaceX valuation outlook
- Negative Sentiment: Valuation and execution risks remain substantial. SpaceX trades at an exceptionally high valuation, and Starship still needs to demonstrate reliable engine performance, intact recovery and frequent reuse. Rising short volume also indicates increased skepticism and could add volatility. SpaceX short volume rises
About SpaceX
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.
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