SpaceX (NASDAQ:SPCX) Given Buy Rating at Sanford C. Bernstein

Sanford C. Bernstein reaffirmed their buy rating on shares of SpaceX (NASDAQ:SPCX) in a report issued on Monday, MarketBeat Ratings reports.

A number of other analysts have also weighed in on the company. Zacks Research raised SpaceX to a “hold” rating in a research note on Monday, June 15th. Clear Str upgraded shares of SpaceX to a “strong-buy” rating in a report on Tuesday, July 7th. Citigroup downgraded SpaceX from a “buy” rating to a “sell” rating in a report on Friday, August 7th. Arete Research set a $450.00 price target on shares of SpaceX in a research report on Tuesday, August 11th. Finally, CLSA assumed coverage on SpaceX in a research report on Monday. They issued an “outperform” rating and a $250.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seven have assigned a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $219.24.

SpaceX Trading Down 2.2%

Shares of NASDAQ:SPCX opened at $145.47 on Monday. The company has a market capitalization of $1.92 trillion and a PE ratio of -1,616.33. The company’s 50-day moving average is $136.92. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64.

SpaceX (NASDAQ:SPCX) last released its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The company 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, research analysts predict that SpaceX will post -0.15 EPS for the current 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 transaction of $52,547,046.90. Following the sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPCX. SC US Ttgp LTD. bought a new stake in shares of SpaceX during 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 $17,335,783,000. K5 Global Advisor LLC bought a new stake in SpaceX in the 2nd quarter valued at $6,587,531,000. State Street Corp purchased a new stake in SpaceX in the 2nd quarter worth $1,858,329,000. Finally, Dragoneer Investment Group LLC bought a new position in shares of SpaceX during the 2nd quarter valued at about $1,366,880,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Historic Starship milestone: Starship successfully reached low Earth orbit and deployed 26 Starlink V3 satellites, demonstrating progress toward a larger, more capable launch system. The satellites are expected to provide substantially greater bandwidth than earlier generations, potentially improving Starlink’s capacity and unit economics. CNBC Starship orbital test
• Positive Sentiment: Analyst support remains strong: Sanford C. Bernstein reaffirmed its Buy rating, while CLSA initiated coverage with an Outperform rating and a $250 price target. Evercore ISI also continues to highlight potential growth from Starlink, Starship and SpaceX’s Colossus AI-computing business. SpaceX analyst coverage
• Positive Sentiment: Starlink remains the commercial engine: SpaceX generated approximately $7.8 billion in quarterly revenue, up about 92% year over year, with Starlink reportedly contributing roughly $4.3 billion. Higher-capacity V3 satellites could support subscriber growth and future revenue expansion. Starlink and Starship investment analysis
• Neutral Sentiment: Mission success was incomplete: One Raptor engine shut down after reaching space, shortening the planned mission. Starship later tipped over and was destroyed during splashdown, showing that reusability and routine operations still require additional testing.
• Negative Sentiment: Valuation leaves little room for mistakes: SpaceX’s roughly $1.9 trillion market capitalization and very high price-to-sales multiple already reflect aggressive expectations for Starlink, AI-compute leasing and commercial Starship launches. Investors may be taking profits or awaiting evidence that the orbital achievement can translate into sustained margins.
• Negative Sentiment: Insider selling adds pressure: President and COO Gwynne Shotwell filed to sell approximately $52 million of SPCX shares. Although such sales may be personal or scheduled transactions, they can weigh on sentiment, particularly while the stock has substantial retail-driven volatility. Gwynne Shotwell share sale

SpaceX Company Profile

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.