SpaceX (NASDAQ:SPCX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of SpaceX (NASDAQ:SPCX) have been assigned an average recommendation of “Moderate Buy” from the forty-one ratings firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $220.20.

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $255.00 price target on the stock. Citigroup downgraded SpaceX from a “buy” rating to a “sell” rating in a report on Friday, August 7th. Morgan Stanley reiterated an “overweight” rating on shares of SpaceX in a research report on Wednesday. Sanford C. Bernstein set a $248.00 target price on SpaceX in a research note on Thursday, August 6th. Finally, Wedbush began coverage on SpaceX in a research report on Tuesday, June 30th. They set an “outperform” rating and a $190.00 target price for the company.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s quarterly results exceeded expectations, with earnings of $(0.09) per share versus the $(0.26) consensus estimate and revenue of $7.81 billion, up 91.9% year over year. Coverage identified Starlink as the company’s principal financial engine. Cathie Wood’s Ark Bought $27 Million of SpaceX Stock
• Positive Sentiment: Cathie Wood’s Ark reportedly bought approximately $27 million of SpaceX stock, reinforcing bullish institutional sentiment. Morgan Stanley also sees substantial upside, while the average analyst target cited in recent coverage is about $218. David Einhorn Says SpaceX Could Mark a Speculative Top
• Positive Sentiment: Elon Musk projects SpaceX could reach $3.5 trillion in annual revenue by 2033, supported by Starlink, AI infrastructure and future orbital-computing services. The company is also manufacturing turbine components internally to accelerate power generation for AI data centers. Elon Musk Says SpaceX Can Accelerate Natural Gas Turbines
• Positive Sentiment: SpaceX successfully launched NASA’s $4.3 billion Nancy Grace Roman Space Telescope on a Falcon Heavy, providing another demonstration of launch reliability and strengthening its government-contract credentials. SpaceX Launches NASA’s Roman Telescope
• Neutral Sentiment: Investors are watching September 9 for a potentially important SpaceX milestone, although reports characterize the event and its investment significance as uncertain. September 9 May Be a Huge Day for SpaceX
• Negative Sentiment: Some analysts warn that the company’s roughly $1.75 trillion IPO valuation may represent a speculative peak. The stock’s extreme valuation leaves little room for delays or weaker capital efficiency, while a potential share unlock could add selling pressure. SpaceX Valuation and Unlock Calendar
• Negative Sentiment: OpenAI plans to end access to its AI models for Cursor, which SpaceX acquired, citing compliance concerns. The dispute could complicate SpaceX’s AI strategy, although Musk dismissed the impact. OpenAI to End Model Access to Cursor
• Negative Sentiment: Competition is increasing as China and Blue Origin develop reusable rockets, while satellite congestion and orbital-debris concerns could raise regulatory and operating risks. SpaceX and Rivals Dodge Traffic in Low-Earth Orbit

SpaceX Price Performance

SpaceX stock opened at $141.50 on Monday. The firm has a 50-day simple moving average of $137.10. The company has a market capitalization of $1.85 trillion and a PE ratio of -1,572.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The business’s revenue for the quarter was up 91.9% on a year-over-year basis. As a group, sell-side analysts anticipate that SpaceX will post -0.15 EPS for the current year.

Institutional Trading of SpaceX

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. K5 Global Advisor LLC bought a new position in shares of SpaceX in the 2nd quarter valued at about $6,587,531,000. Hyperion Asset Management Ltd acquired a new position in SpaceX in the second quarter valued at approximately $201,137,000. Bond Capital Management LP bought a new position in SpaceX in the second quarter valued at approximately $180,620,000. Value Aligned Research Advisors LLC bought a new stake in shares of SpaceX during the 2nd quarter valued at $100,760,000. Finally, Tema ETFs LLC bought a new position in shares of SpaceX in the 2nd quarter worth $32,037,000.

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.