SpaceX’s (SPCX) “Buy” Rating Reiterated at Needham & Company LLC

Posted by Brenda Bartman on Oct 24th, 2026

Needham & Company LLC restated their buy rating on shares of SpaceX (NASDAQ:SPCX – Free Report) in a research note released on Wednesday,Benzinga reports. They currently have a $250.00 price target on the stock.

A number of other research analysts have also weighed in on SPCX. HSBC initiated coverage on shares of SpaceX in a research note on Thursday, July 23rd. They issued a “hold” rating and a $115.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of SpaceX in a research note on Friday, October 9th. Guggenheim began coverage on SpaceX in a report on Friday, August 7th. They set a “buy” rating for the company. Mizuho initiated coverage on SpaceX in a report on Tuesday, July 7th. They set an “outperform” rating and a $200.00 target price for the company. Finally, Wall Street Zen downgraded SpaceX from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $244.19.

View Our Latest Analysis on SPCX

SpaceX Stock Performance

NASDAQ:SPCX opened at $147.49 on Wednesday. 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 firm has a market capitalization of $1.94 trillion and a PE ratio of -1,638.78. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The business’s fifty day moving average is $149.40.

SpaceX (NASDAQ:SPCX – Get Free Report) last announced its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) 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 last year, the business posted ($0.36) EPS. Research analysts forecast that SpaceX will post 0.13 earnings per share for the current year.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction dated 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 completion of the sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of SpaceX

Several large investors have recently bought and sold shares of the business. Samalin Investment Counsel LLC purchased a new stake in SpaceX during the 3rd quarter valued at about $311,000. Brandywine Oak Private Wealth LLC acquired a new stake in SpaceX in the 3rd quarter valued at about $216,000. Trueblood Wealth Management LLC purchased a new position in SpaceX in the 3rd quarter worth approximately $486,000. Valley National Advisers Inc. lifted its stake in SpaceX by 350.3% in the 3rd quarter. Valley National Advisers Inc. now owns 3,296 shares of the company’s stock worth $497,000 after purchasing an additional 2,564 shares in the last quarter. Finally, Meridian Financial Partners LLC acquired a new position in shares of SpaceX during the 3rd quarter worth approximately $221,000.

SpaceX News Roundup

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

About SpaceX

(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.