SpaceX (NASDAQ:SPCX) Price Target Raised to $274.00

Posted by George Bondi on Oct 24th, 2026

SpaceX (NASDAQ:SPCX – Free Report) had its price target lifted by Wells Fargo & Company from $214.00 to $274.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities analysts have also recently commented on the company. Stifel Nicolaus assumed coverage on SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $190.00 price target for the company. Morgan Stanley reiterated an “overweight” rating on shares of SpaceX in a research note on Wednesday. Sanford C. Bernstein reissued an “outperform” rating on shares of SpaceX in a report on Wednesday. Oppenheimer boosted their price objective on SpaceX from $250.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Finally, Canaccord Genuity Group started coverage on SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $246.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, SpaceX presently has an average rating of “Moderate Buy” and an average price target of $244.19.

View Our Latest Stock Analysis on SpaceX

SpaceX Stock Performance

Shares of SPCX stock opened at $147.49 on Wednesday. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The company has a market cap of $1.94 trillion and a P/E ratio of -1,638.78. The business’s 50-day moving average is $149.40. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX – Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.25. The company had revenue of $14.57 billion during the quarter. The firm’s revenue for the quarter was up 161.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.36) earnings per share. Sell-side analysts forecast that SpaceX will post 0.13 EPS for the current year.

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer directly 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 can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hedge Funds Weigh In On SpaceX

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

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: Strong earnings and AI growth supported the rebound. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, and earnings per share of $0.35 versus analysts’ $0.10 estimate. Its AI segment reportedly generated $431 million in net income, helping offset losses in the launch business. Fantastic News for SpaceX Stock Investors
Positive Sentiment: Analyst sentiment improved sharply. PhilipCapital upgraded SpaceX from “Sell” to “Buy” and raised its price target from $75 to $250. Bank of America also lifted its target to $275, citing stronger growth prospects and Starship milestones. SpaceX Just Scored a Double Upgrade
Positive Sentiment: Wireless ambitions broaden the growth story. Reports that SpaceX is seeking access to at least 80,000 U.S. cell sites suggest Starlink could evolve into a nationwide wireless carrier, potentially creating a major new revenue stream. The news pressured telecom stocks while benefiting tower owners. SpaceX Seeks Access to 80,000 US Cell Sites
Neutral Sentiment: A potential Tesla (NASDAQ: TSLA) merger remains speculative. Elon Musk called the combination a “good idea,” but valuation, conflicts of interest, shareholder approval, antitrust review and Tesla’s China operations could delay or prevent a transaction. SpaceX-Tesla Merger Chatter
Negative Sentiment: Funding and cash-burn concerns remain significant. SpaceX reportedly burned more than $9.9 billion in free cash flow during the quarter and is raising approximately $40 billion of debt at relatively high interest rates to finance AI and other expansion plans. SpaceX $40 Billion Debt Deal
Negative Sentiment: Execution and reputational risks could limit upside. The launch division was unprofitable because of heavy research spending, while reports of continuing Starlink restrictions in Ukraine could threaten government relationships and future contracts. In addition, upcoming insider share unlocks may increase supply. Ukraine Says Starlink Restrictions Remain

SpaceX Company Profile

(Get Free Report)

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

SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.