SpaceX (NASDAQ:SPCX) Research Coverage Started at CLSA

CLSA started coverage on shares of SpaceX (NASDAQ:SPCX) in a report issued on Monday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $250.00 price objective on the stock.

SPCX has been the subject of several other research reports. Sanford C. Bernstein reiterated a “buy” rating on shares of SpaceX in a report on Monday, September 14th. KeyCorp restated a “sector weight” rating on shares of SpaceX in a research note on Tuesday, July 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $246.00 target price on shares of SpaceX in a research report on Wednesday, August 5th. KGI Securities downgraded SpaceX from an “outperform” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Stifel Nicolaus began coverage on SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $190.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seven have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $218.68.

SpaceX Stock Up 1.1%

NASDAQ SPCX opened at $150.86 on Monday. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The stock’s 50 day moving average price is $138.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The company has a market cap of $1.99 trillion and a price-to-earnings ratio of -1,676.22.

SpaceX (NASDAQ:SPCX) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. SpaceX’s quarterly revenue was up 91.9% compared to the same quarter last year. On average, equities research analysts anticipate that SpaceX will post -0.15 earnings per share for the current fiscal year.

Insider Buying and Selling at SpaceX

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

Institutional Trading of SpaceX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wedbush Securities Inc. purchased a new position in SpaceX during the second quarter valued at approximately $5,094,000. Hyperion Asset Management Ltd acquired a new stake in shares of SpaceX during the 2nd quarter worth approximately $201,137,000. K5 Global Advisor LLC acquired a new stake in shares of SpaceX during the 2nd quarter worth approximately $6,587,531,000. Turner Financial Group Inc. purchased a new position in shares of SpaceX during the 2nd quarter valued at approximately $1,228,000. Finally, Rik Saylor Financial Inc. acquired a new position in shares of SpaceX in the 2nd quarter valued at $1,670,000.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starship reached orbit for the first time, deployed 26 Starlink satellites and completed a controlled splashdown. The milestone supports SpaceX’s plans to expand Starlink capacity and eventually achieve a higher launch cadence. Starship reached orbit but returned early
• Positive Sentiment: Analyst support strengthened. TD Cowen upgraded SpaceX to “strong buy,” while other analysts reiterated bullish ratings and targets ranging from $200 to $250. Citi also said Starship’s progress improves the case for substantial long-term valuation upside. SpaceX stock rises on bullish rating
• Positive Sentiment: AI computing is emerging as a major growth driver. Reports said Anthropic could commit up to $84.5 billion for computing capacity through 2029, while SpaceX is expanding data-center capacity and increasing its Nvidia GPU deployment. UBS expects AI, Starlink and launch services to drive a potential quarterly revenue beat. UBS raises SpaceX revenue forecast
• Neutral Sentiment: SpaceX has additional Falcon 9 launch activity scheduled, including a West Coast rideshare mission carrying approximately 130 payloads. These missions reinforce launch reliability but are unlikely to materially change the investment thesis alone. SpaceX plans rideshare mission
• Negative Sentiment: Starship’s orbital success was incomplete. Engine problems forced an early return, highlighting the remaining technical and reusability risks that could delay commercial deployment and NASA-related objectives.
• Negative Sentiment: Valuation and trading risks remain elevated. Critics argue SpaceX’s roughly $2 trillion valuation already discounts substantial future AI and satellite growth, while rising short volume signals continued skepticism.
• Negative Sentiment: An SEC fraud case involving funds that held SpaceX stakes could create indirect reputational concerns for private-market SpaceX investing, although the allegations do not target SpaceX’s operating business. SEC charges firm over SpaceX-related funds

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.