SpaceX’s (SPCX) “Overweight” Rating Reiterated at Cantor Fitzgerald

SpaceX (NASDAQ:SPCX)‘s stock had its “overweight” rating restated by equities research analysts at Cantor Fitzgerald in a research note issued on Wednesday,Benzinga reports. They presently have a $246.00 target price on the stock. Cantor Fitzgerald’s price target points to a potential upside of 96.28% from the company’s previous close.

A number of other brokerages also recently weighed in on SPCX. KGI Securities downgraded shares of SpaceX from an “outperform” rating to a “hold” rating in a report on Monday, June 22nd. Argus began coverage on SpaceX in a report on Friday, June 26th. They issued a “hold” rating on the stock. Canaccord Genuity Group initiated coverage on SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $246.00 price target on the stock. Oppenheimer boosted their price target on SpaceX from $190.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. Finally, UBS Group began coverage on SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $210.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $229.39.

SpaceX Price Performance

NASDAQ:SPCX opened at $125.33 on Wednesday. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64.

SpaceX (NASDAQ:SPCX) last posted its quarterly 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 company had revenue of $7.81 billion during the quarter. SpaceX’s quarterly revenue was up 91.9% on a year-over-year basis.

Hedge Funds Weigh In On SpaceX

Institutional investors and hedge funds have recently bought and sold shares of the company. Atwood & Palmer Inc. bought a new position in SpaceX in the second quarter valued at about $29,000. Marquette Asset Management LLC bought a new position in SpaceX in the 2nd quarter valued at approximately $32,000. Burkett Financial Services LLC bought a new stake in SpaceX during the 2nd quarter worth approximately $70,000. Contravisory Investment Management Inc. acquired a new position in SpaceX in the 2nd quarter valued at approximately $73,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SpaceX during the second quarter valued at $89,000.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX reported second-quarter revenue of $7.81 billion, up 91.9% year over year and ahead of analyst expectations. Its adjusted EBITDA also reportedly exceeded consensus, while the company’s loss of $0.09 per share was narrower than expected. Reuters earnings report
• Positive Sentiment: Starlink remains the primary profit engine, generating approximately $4.3 billion in quarterly revenue and about $1.66 billion in operating profit. Management also pointed to strong demand for AI-compute services, including new contracts that could support future revenue growth. TechCrunch SpaceX growth report
• Positive Sentiment: Several analysts maintained Buy or Outperform ratings and bullish price targets, citing Starlink’s expansion, potential Starship reusability, AI growth, and management’s long-term revenue ambitions. TipRanks analyst rating
• Neutral Sentiment: SpaceX said it plans to use Nvidia hardware exclusively for its AI infrastructure, potentially strengthening its computing capabilities but also highlighting the scale of its planned investment. Benzinga Nvidia report
• Negative Sentiment: Capital expenditures surged to roughly $18.4 billion in the quarter—more than twice revenue and nearly seven times the year-ago level. AI and space operations remain loss-making, raising concerns that Starlink’s profits may not be sufficient to fund Musk’s ambitions or generate reliable free cash flow. CNBC capital expenditure report
• Negative Sentiment: Approximately 911 million insider and pre-IPO shares become eligible for sale on August 6, potentially more than doubling the public float and creating significant near-term selling pressure. Reuters lockup report
• Negative Sentiment: SpaceX also recorded an approximately $540 million unrealized loss on its Bitcoin holdings, adding volatility to reported results, while Starlink Mobile’s expansion could intensify competition with AT&T, Verizon, and T-Mobile. Bitcoin.com SpaceX report

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.