SpaceX (NASDAQ:SPCX) Rating Increased to Buy at Argus

SpaceX (NASDAQ:SPCX) was upgraded by stock analysts at Argus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a $160.00 price objective on the stock. Argus’ price target indicates a potential upside of 39.23% from the company’s previous close.

SPCX has been the subject of several other reports. Deutsche Bank Aktiengesellschaft began coverage on shares of SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $255.00 price target for the company. Moffett Nathanson began coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “neutral” rating and a $131.00 price objective on the stock. New Street Research upgraded SpaceX to a “strong-buy” rating in a report on Thursday, June 11th. Citigroup assumed coverage on SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $200.00 target price for the company. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $225.00 target price on shares of SpaceX in a report on Monday. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SpaceX has an average rating of “Moderate Buy” and an average target price of $227.31.

SpaceX Price Performance

NASDAQ:SPCX opened at $114.92 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. SpaceX’s revenue for the quarter was up 91.9% on a year-over-year basis. As a group, analysts expect that SpaceX will post -0.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SpaceX

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. KERR FINANCIAL PLANNING Corp bought a new position in shares of SpaceX during the 2nd quarter worth about $566,000. Burkett Financial Services LLC bought a new stake in SpaceX in the 2nd quarter valued at about $70,000. Dogwood Wealth Management LLC acquired a new position in SpaceX during the 2nd quarter worth approximately $139,000. Dynamic Advisor Solutions LLC bought a new position in SpaceX in the second quarter worth approximately $3,383,000. Finally, Apella Capital LLC acquired a new stake in SpaceX in the second quarter valued at approximately $452,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong earnings and rapid growth support the long-term bull case. SpaceX reported second-quarter revenue of $7.81 billion, up 91.9% year over year, and lost $0.09 per share versus expectations for a $0.26 loss. Starlink subscribers reportedly doubled to 12 million, while AI and cloud revenue expanded sharply. SpaceX Shares Fail to Launch Despite Soaring Revenue
• Positive Sentiment: Analysts remain optimistic. Cantor Fitzgerald, Needham, Bank of America, Bernstein, and Morgan Stanley have maintained bullish views or raised targets, citing SpaceX’s AI-compute opportunity, Starlink growth, and government contracts. Cantor Fitzgerald Overweight Rating
• Positive Sentiment: New AI infrastructure initiatives expand the company’s potential addressable market. SpaceX and Tesla confirmed an initial $16.8 billion investment in the Terafab chip facility in Texas, while SpaceX also unveiled plans for orbital AI data centers and a broader mobile network. SpaceX Terafab Investment
• Neutral Sentiment: The first major lock-up expiration did not trigger the expected collapse. Approximately 911.5 million shares became eligible for trading, more than doubling the public float, but buying from retail investors and other holders helped absorb the supply. Additional staged unlocks remain scheduled through December. SpaceX Share Unlock
• Negative Sentiment: Capital spending is the biggest immediate concern. SpaceX spent $18.4 billion in the quarter, including $15.8 billion on AI infrastructure, and expects elevated investment to continue. The company remains GAAP-loss-making, raising questions about cash burn and execution. Why SpaceX Stock Crashed After Earnings
• Negative Sentiment: Valuation and future dilution remain significant risks. Critics argue the stock already prices in aggressive growth, while further lock-up expirations could substantially increase tradable supply and pressure SPCX. SpaceX Lock-Up Pressure

About SpaceX

SpaceX, or Space Exploration Technologies Corp., is an American aerospace company focused on the design, manufacture and launch of advanced rockets and spacecraft. The company develops launch vehicles and space systems used for commercial, government and scientific missions, with a strong emphasis on lowering the cost of access to space through reusable rocket technology.

Founded in 2002 by Elon Musk, SpaceX has built a broad portfolio of products and services that includes the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starship development program.