SpaceX (NASDAQ:SPCX) Coverage Initiated at DZ Bank

Equities research analysts at DZ Bank assumed coverage on shares of SpaceX (NASDAQ:SPCX) in a research note issued to investors on Friday. The brokerage set a “sell” rating and a $100.00 price target on the stock. DZ Bank’s target price would indicate a potential downside of 25.37% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Morgan Stanley restated an “overweight” rating on shares of SpaceX in a research note on Friday, July 24th. The Goldman Sachs Group assumed coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $205.00 target price for the company. Wells Fargo & Company dropped their target price on shares of SpaceX from $230.00 to $215.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Benchmark assumed coverage on shares of SpaceX in a research note on Monday, June 22nd. They set a “buy” rating on the stock. Finally, Stifel Nicolaus initiated coverage on shares of SpaceX in a report on Tuesday, July 7th. They issued a “buy” rating and a $190.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $220.20.

SpaceX Stock Down 4.0%

NASDAQ SPCX opened at $134.00 on Friday. 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 $142.80. 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 $1.75 trillion and a price-to-earnings ratio of -1,488.89.

SpaceX (NASDAQ:SPCX) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The company’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.

Institutional Trading of SpaceX

A number of hedge funds and other institutional investors have recently made changes to their positions in SPCX. PFG Private Wealth Management LLC acquired a new position in SpaceX during the second quarter valued at $336,000. SkyOak Wealth LLC purchased a new stake in shares of SpaceX in the second quarter worth about $303,000. XML Financial LLC acquired a new stake in SpaceX during the second quarter worth about $204,000. Beacon Financial Advisory LLC purchased a new position in SpaceX during the second quarter valued at approximately $422,000. Finally, Tsfg LLC acquired a new position in SpaceX in the second quarter valued at approximately $130,000.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: CEO Elon Musk said SpaceX could eventually conduct roughly 30 Starship launches per day, or about 10,000 annually, by 2030. Although highly ambitious, the target highlights significant long-term potential for launch services, satellite deployment and space-based infrastructure. Elon Musk Says SPCX Could Reach 10,000 Starship Launches Annually by 2030
• Positive Sentiment: SpaceX has completed its 100th launch of 2026 and expanded the Starlink constellation beyond 11,000 satellites, supporting the company’s recurring broadband revenue opportunity and launch cadence. As Starlink Passes 11,000 Satellites
• Positive Sentiment: William Blair analyst Louie DiPalma reiterated a Buy rating, citing SpaceX’s potential reusability advantage and growth in AI-related revenue. Other analysts also expect substantial upside despite near-term volatility. Analyst Reiterates Buy on SpaceX
• Neutral Sentiment: Anthropic is reportedly preparing for an IPO that could rival SpaceX’s record offering, potentially increasing attention on AI valuations while also giving investors another large technology listing to compare with SpaceX. Anthropic to File for IPO
• Negative Sentiment: Approximately 319 million additional SpaceX shares became eligible for trading in the second post-IPO lockup expiration. The added supply has pushed shares below the $135 IPO price, and further unlocks are scheduled through 2027, creating an ongoing overhang and potential selling pressure. SpaceX Stock Slips as 319 Million New Shares Come to Market
• Negative Sentiment: Musk pushed back the expected attempt to catch a returning Starship upper stage with the launch tower by several months. A Starlink launch was also scrubbed with seconds remaining, reinforcing concerns about execution risk and schedule delays. Starship Delays Drive SpaceX Stock Lower

SpaceX Company Profile

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.