SpaceX (NASDAQ:SPCX) Upgraded by Argus to “Buy” Rating

SpaceX (NASDAQ:SPCX) was upgraded by investment analysts at Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Friday,Benzinga reports. The firm presently has a $160.00 target price on the stock. Argus’ target price would suggest a potential upside of 39.23% from the company’s current price.

A number of other analysts have also commented on the company. Roth Capital raised SpaceX to a “buy” rating in a report on Monday, June 22nd. UBS Group restated a “buy” rating on shares of SpaceX in a report on Wednesday. New Street Research raised SpaceX to a “strong-buy” rating in a research report on Thursday, June 11th. Seaport Research Partners upgraded SpaceX to a “buy” rating in a report on Monday, June 22nd. Finally, Benchmark started coverage on SpaceX in a research report on Monday, June 22nd. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, SpaceX presently has an average rating of “Moderate Buy” and a consensus target price of $227.31.

SpaceX Stock Performance

Shares of NASDAQ SPCX opened at $114.92 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.22 and a quick ratio of 1.11. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64.

SpaceX (NASDAQ:SPCX) last posted its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. The company’s revenue for the quarter was up 91.9% on a year-over-year basis. Equities research analysts predict that SpaceX will post -0.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SpaceX

A number of hedge funds and other institutional investors have recently modified their holdings of SPCX. KERR FINANCIAL PLANNING Corp bought a new position in shares of SpaceX in the second quarter valued at approximately $566,000. Burkett Financial Services LLC bought a new stake in SpaceX during the second quarter worth $70,000. Dogwood Wealth Management LLC purchased a new position in SpaceX in the second quarter worth $139,000. Dynamic Advisor Solutions LLC bought a new position in SpaceX in the 2nd quarter valued at $3,383,000. Finally, Apella Capital LLC bought a new position in SpaceX in the 2nd quarter valued at $452,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong earnings and rapid growth support the long-term bull case. SpaceX reported second-quarter revenue of $7.81 billion, up 91.9% year over year, and lost $0.09 per share versus expectations for a $0.26 loss. Starlink subscribers reportedly doubled to 12 million, while AI and cloud revenue expanded sharply. SpaceX Shares Fail to Launch Despite Soaring Revenue
• Positive Sentiment: Analysts remain optimistic. Cantor Fitzgerald, Needham, Bank of America, Bernstein, and Morgan Stanley have maintained bullish views or raised targets, citing SpaceX’s AI-compute opportunity, Starlink growth, and government contracts. Cantor Fitzgerald Overweight Rating
• Positive Sentiment: New AI infrastructure initiatives expand the company’s potential addressable market. SpaceX and Tesla confirmed an initial $16.8 billion investment in the Terafab chip facility in Texas, while SpaceX also unveiled plans for orbital AI data centers and a broader mobile network. SpaceX Terafab Investment
• Neutral Sentiment: The first major lock-up expiration did not trigger the expected collapse. Approximately 911.5 million shares became eligible for trading, more than doubling the public float, but buying from retail investors and other holders helped absorb the supply. Additional staged unlocks remain scheduled through December. SpaceX Share Unlock
• Negative Sentiment: Capital spending is the biggest immediate concern. SpaceX spent $18.4 billion in the quarter, including $15.8 billion on AI infrastructure, and expects elevated investment to continue. The company remains GAAP-loss-making, raising questions about cash burn and execution. Why SpaceX Stock Crashed After Earnings
• Negative Sentiment: Valuation and future dilution remain significant risks. Critics argue the stock already prices in aggressive growth, while further lock-up expirations could substantially increase tradable supply and pressure SPCX. SpaceX Lock-Up Pressure

About SpaceX

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.