SpaceX (NASDAQ:SPCX) Stock Has Average Target Price of $218.28

Shares of SpaceX (NASDAQ:SPCX) have received an average rating of “Moderate Buy” from the forty-four brokerages that are covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, twenty-seven have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $218.68.

A number of research analysts have commented on the stock. Stifel Nicolaus began coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $190.00 price objective on the stock. Wall Street Zen raised shares of SpaceX from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Benchmark assumed coverage on SpaceX in a report on Monday, June 22nd. They set a “buy” rating for the company. New Street Research raised SpaceX to a “strong-buy” rating in a report on Thursday, June 11th. Finally, Roth Capital raised shares of SpaceX to a “buy” rating in a research note on Monday, June 22nd.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the business’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 value of $52,547,046.90. Following the completion of the transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hedge Funds Weigh In On SpaceX

Large investors have recently added to or reduced their stakes in the business. SC US Ttgp LTD. acquired a new position in SpaceX during the second quarter worth approximately $20,933,621,000. Darsana Capital Partners LP acquired a new position in shares of SpaceX in the 2nd quarter valued at $17,335,783,000. K5 Global Advisor LLC purchased a new stake in shares of SpaceX during the 2nd quarter valued at $6,587,531,000. State Street Corp acquired a new stake in shares of SpaceX during the 2nd quarter worth $1,858,329,000. Finally, Dragoneer Investment Group LLC purchased a new position in shares of SpaceX in the 2nd quarter worth $1,366,880,000.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starship reached orbit for the first time. Flight 14 deployed 26 next-generation Starlink satellites, strengthening the long-term case for lower-cost launches, expanded satellite capacity and SpaceX’s broader infrastructure ambitions. However, the mission ended earlier than planned after engine-related problems. Starship reached orbit but experienced engine problems
• Positive Sentiment: SpaceX is expanding beyond launches and Starlink. The company is pursuing semiconductor manufacturing through its proposed Terafab, building AI-compute capacity and supporting Google’s first orbital AI-chip test. These initiatives could create significant future revenue streams if commercialized successfully. SpaceX launches Google AI chips into orbit
• Positive Sentiment: Launch activity and government relationships remain strong. SpaceX successfully launched NASA’s Crew-13 mission to the International Space Station, while Elon Musk was tapped to help lead a Pentagon weapons-design initiative. Morgan Stanley assigned the company a B+ grade following Flight 14 and reportedly raised its price target. Morgan Stanley evaluates SpaceX after Flight 14
• Neutral Sentiment: The lunar economy offers a large long-term opportunity. SpaceX is viewed as a key launch provider for NASA’s Artemis program and the emerging Moon-base supply chain, although many related contracts will likely go to specialized companies rather than SpaceX.
• Negative Sentiment: Starship’s economics are not yet proven. Analysts say space-based data centers could require roughly 1,600 launches, making rapid reusability and reliable flight cadence essential. The first orbital success was important, but the engine problems and early mission termination highlight continuing technical risk. Google estimates launches needed for space data centers
• Negative Sentiment: Valuation and profitability remain concerns. SpaceX trades at an enormous market capitalization despite negative earnings, encouraging profit-taking and skepticism that its AI, semiconductor and space businesses can justify current expectations. Elevated short interest and commentary describing the stock as a “hype play” may also be contributing to volatility.

SpaceX Trading Down 1.8%

Shares of SPCX opened at $148.07 on Friday. The firm has a 50-day moving average of $138.74. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. 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 stock has a market cap of $1.95 trillion and a price-to-earnings ratio of -1,645.22.

SpaceX (NASDAQ:SPCX) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. SpaceX’s revenue was up 91.9% compared to the same quarter last year. Equities research analysts forecast that SpaceX will post 0.02 earnings per share for the current year.

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.