SpaceX (NASDAQ:SPCX) Given New $176.00 Price Target at Susquehanna

SpaceX (NASDAQ:SPCX) had its price objective hoisted by equities research analysts at Susquehanna from $173.00 to $176.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s price target indicates a potential upside of 19.09% from the stock’s current price.

SPCX has been the subject of several other research reports. Evercore reiterated an “outperform” rating and issued a $275.00 target price on shares of SpaceX in a research note on Friday. Wall Street Zen lowered shares of SpaceX from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Erste Group Bank initiated coverage on shares of SpaceX in a research note on Thursday, October 8th. They set a “hold” rating on the stock. Arete Research set a $450.00 price objective on shares of SpaceX in a report on Tuesday, August 11th. Finally, Cantor Fitzgerald lifted their price objective on shares of SpaceX from $246.00 to $345.00 and gave the company an “overweight” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $230.67.

SpaceX Stock Performance

Shares of SPCX opened at $147.79 on Wednesday. The business has a 50-day moving average price of $148.92. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The stock has a market cap of $1.95 trillion and a price-to-earnings ratio of -1,642.11. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. The firm had revenue of $14.57 billion during the quarter. The business’s revenue for the quarter was up 161.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.36) EPS. As a group, research analysts predict that SpaceX will post 0.07 earnings per share for the current fiscal year.

Insider Transactions at SpaceX

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

Institutional Investors Weigh In On SpaceX

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

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Q3 results exceeded expectations. SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings per share of $0.35 versus the $0.10 consensus estimate. Net income reached approximately $4.4 billion, compared with a loss a year earlier. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI and Starlink are accelerating growth. Super Intelligence revenue reached $7.56 billion, while Connectivity revenue rose 69% to $5.25 billion. Starlink subscribers increased to 13.6 million, and recurring satellite revenue helped support profitability. SpaceX Q3 revenue surges and beats estimates
• Positive Sentiment: Potential Tesla merger talks added to investor enthusiasm. SpaceX and Tesla formed independent committees to evaluate a possible merger, which Elon Musk called a “good idea.” Analysts including Dan Ives and Gene Munster view a transaction as plausible, though no deal or terms are certain. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Management outlined ambitious expansion plans. Musk expects significant additional AI computing capacity and projected long-term recurring revenue growth, while the company and Tesla are targeting volume chip production through their Terafab project in 2028. These forecasts offer upside but remain execution-dependent.
• Negative Sentiment: Heavy investment and financing needs remain key risks. SpaceX spent about $19.6 billion on capital expenditures during the quarter, including $16.4 billion for AI infrastructure. Analysts warn that additional borrowing, cash burn and rising debt could pressure valuation despite the profit beat. More than one billion shares may also become eligible for sale as lockups expire.
• Negative Sentiment: Starlink faces reputational and regulatory concerns. Reports that Musk ordered a slowdown of Starlink service affecting Ukraine could increase political scrutiny and create risks for government relationships and future contracts. Musk ordered Starlink slowdown affecting Ukraine

About SpaceX

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.