TD Cowen Upgrades SpaceX (NASDAQ:SPCX) to Strong-Buy

SpaceX (NASDAQ:SPCX) was upgraded by equities researchers at TD Cowen to a “strong-buy” rating in a report issued on Monday, Zacks reports.

A number of other research firms have also issued reports on SPCX. Oppenheimer lifted their target price on SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, September 2nd. Argus raised SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Friday, August 7th. Guggenheim started coverage on SpaceX in a research note on Friday, August 7th. They issued a “buy” rating for the company. Phillip Securities raised SpaceX to a “strong sell” rating and set a $75.00 price objective for the company in a research report on Friday, July 31st. Finally, New Street Research upgraded shares of SpaceX to a “strong-buy” rating in a research note on Thursday, June 11th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seven have issued a Hold rating and seven have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $218.68.

SpaceX Stock Performance

Shares of SPCX stock opened at $149.24 on Monday. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The company has a 50 day simple moving average of $137.43. The firm has a market capitalization of $1.97 trillion and a PE ratio of -1,658.22. 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 (NASDAQ:SPCX) last released its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The company’s revenue for the quarter was up 91.9% compared to the same quarter last year. On average, research analysts forecast that SpaceX will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the sale, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Syntax Research Inc. purchased a new position in shares of SpaceX in the 2nd quarter valued at $26,000. Atwood & Palmer Inc. purchased a new stake in SpaceX in the second quarter valued at approximately $29,000. PayPay Securities Corp purchased a new position in shares of SpaceX during the second quarter worth approximately $30,000. Marquette Asset Management LLC acquired a new position in shares of SpaceX in the 2nd quarter valued at $32,000. Finally, Community Bank N.A. purchased a new stake in SpaceX in the 2nd quarter valued at $38,000.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starship reached orbit and deployed 26 Starlink V3 satellites for the first time. Although an engine shutdown shortened the mission and the vehicle was lost during splashdown, the successful deployment advances SpaceX’s plan to expand Starlink. Higher-capacity V3 satellites could improve network economics and support future revenue growth. SpaceX reached orbit and deployed 26 satellites
• Positive Sentiment: Analysts raised expectations for SpaceX’s growth. UBS reiterated a Buy rating and a $210 price target, forecasting third-quarter revenue of approximately $13.8 billion—above consensus—with AI, Starlink and launch operations driving the potential beat. TD Cowen separately began coverage with a Buy rating and a $200 target. UBS expects a strong third quarter
• Positive Sentiment: AI-compute leasing is emerging as another potential growth engine. Anthropic reportedly committed up to $84.5 billion in computing agreements through 2029, while analysts believe SpaceX can monetize data-center capacity and use the proceeds to fund orbital data-center ambitions. Anthropic compute agreements with SpaceX
• Neutral Sentiment: Long-term projections remain highly bullish but speculative. Citi suggested SpaceX could eventually reach a $12 trillion valuation and Gene Munster said the stock could more than double if launch cadence scales dramatically. These are scenario-based estimates rather than near-term earnings catalysts. Citi SpaceX valuation outlook
• Negative Sentiment: Valuation and execution risks remain substantial. SpaceX trades at an exceptionally high valuation, and Starship still needs to demonstrate reliable engine performance, intact recovery and frequent reuse. Rising short volume also indicates increased skepticism and could add volatility. SpaceX short volume rises

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.