SpaceX (NASDAQ:SPCX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SpaceX (NASDAQ:SPCX) from a sell rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

Other equities research analysts also recently issued reports about the stock. Phillip Securities upgraded shares of SpaceX to a “strong sell” rating and set a $75.00 price target on the stock in a research note on Friday, July 31st. The Goldman Sachs Group reiterated a “buy” rating and set a $245.00 price objective on shares of SpaceX in a research report on Wednesday, October 21st. Stifel Nicolaus began coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $190.00 target price on the stock. Morgan Stanley reiterated an “overweight” rating on shares of SpaceX in a report on Wednesday, October 21st. Finally, KeyCorp reiterated a “sector weight” rating on shares of SpaceX in a research note on Wednesday, October 21st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.97.

SpaceX Stock Performance

NASDAQ SPCX opened at $146.90 on Friday. The business’s fifty day simple moving average is $149.24. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64.

SpaceX (NASDAQ:SPCX) last issued its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The firm had revenue of $14.57 billion for the quarter. During the same period in the prior year, the business posted ($0.36) EPS. The company’s revenue for the quarter was up 161.4% compared to the same quarter last year. As a group, research analysts predict that SpaceX will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at SpaceX

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

Institutional Trading of SpaceX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPCX. Syntax Research Inc. acquired a new stake in SpaceX in the second quarter valued at approximately $26,000. Atwood & Palmer Inc. bought a new position in shares of SpaceX in the 2nd quarter worth $29,000. PayPay Securities Corp acquired a new stake in SpaceX in the 2nd quarter valued at $30,000. Marquette Asset Management LLC acquired a new stake in SpaceX in the 2nd quarter valued at $32,000. Finally, Hickory Point Bank & Trust acquired a new stake in SpaceX in the 3rd quarter valued at $30,000.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results support the stock. SpaceX reported $14.58 billion in quarterly revenue, up 161% year over year, and $4.4 billion in net income. Adjusted earnings reportedly quadrupled, while its AI business generated $7.6 billion in revenue—more than Starlink. SpaceX’s Adjusted Earnings Quadrupled in Q3
• Positive Sentiment: A $40 billion GPU financing commitment could accelerate AI growth. Apollo, Goldman Sachs and other investors will finance Nvidia Vera Rubin chips and related data-center equipment, with leasing expected to begin in the first half of 2027. The capacity is intended to support Grok and cloud customers, strengthening SpaceX’s position in AI infrastructure. SpaceX locks in $40B GPU financing deal with Apollo
• Positive Sentiment: Connectivity expansion is adding potential catalysts. easyJet plans to install Starlink inflight internet, and analysts including Bernstein, Citigroup and JPMorgan have expressed optimism about SpaceX’s AI and connectivity outlook. SpaceX Stock Rises on easyJet Starlink Plans
• Neutral Sentiment: Potential strategic transactions remain speculative. Special committees at Tesla and SpaceX are evaluating a possible combination, while the November midterm elections could affect future government funding and policy relevant to SpaceX. No deal or funding outcome is guaranteed.
• Negative Sentiment: Debt and capital-spending risks are weighing on sentiment. The GPU financing carries roughly $40 billion in principal payments, and SpaceX is committing most of its capital spending to AI. Critics question whether future computing demand and returns will justify the investment, particularly as financing conditions tighten. Jim Chanos on SpaceX’s Chip Debt
• Negative Sentiment: Valuation and supply concerns limit upside. SpaceX trades at roughly 61–63 times trailing sales, leaving little room for execution missteps. Upcoming insider share-sale windows could add supply, while Verizon argues Starlink may need years and significant infrastructure spending to become a major wireless competitor.

SpaceX Company Profile

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.