Wall Street Zen Upgrades SpaceX (NASDAQ:SPCX) to Hold

SpaceX (NASDAQ:SPCX) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

A number of other research firms have also recently weighed in on SPCX. Canaccord Genuity Group began 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. Moffett Nathanson began coverage on SpaceX in a research report on Tuesday, July 7th. They set a “neutral” rating and a $131.00 price objective for the company. New Street Research upgraded SpaceX to a “strong-buy” rating in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft started coverage on SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $255.00 target price on the stock. Finally, Roth Capital raised SpaceX to a “buy” rating in a report on Monday, June 22nd. Four analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $239.12.

SpaceX Trading Down 4.5%

NASDAQ SPCX traded down $6.86 on Friday, hitting $145.30. 46,382,810 shares of the stock were exchanged, compared to its average volume of 133,493,516. SpaceX has a fifty-two week low of $145.07 and a fifty-two week high of $225.64.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.27) earnings per share for the quarter. The firm had revenue of $4.69 billion for the quarter.

Hedge Funds Weigh In On SpaceX

Institutional investors have recently added to or reduced their stakes in the stock. Atwood & Palmer Inc. acquired a new stake in SpaceX during the 2nd quarter worth approximately $29,000. Beacon Investment Advisory Services Inc. acquired a new position in shares of SpaceX in the second quarter valued at approximately $174,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of SpaceX during the second quarter worth approximately $181,000. Teamwork Financial Advisors LLC purchased a new stake in shares of SpaceX during the second quarter worth approximately $8,027,000. Finally, Ebert Capital Management Inc. acquired a new stake in shares of SpaceX during the second quarter worth $647,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Wall Street coverage turned broadly bullish, with several firms initiating buy ratings and Raymond James setting a street-high $800 price target, arguing SpaceX could still have major upside if Starlink and launch growth scale as expected. Raymond James Sets Wall Street’s Highest Price Target on SpaceX Stock at $800. Here’s the Math Behind the 425% Upside Call.
• Positive Sentiment: SpaceX was added to the Nasdaq-100, which could drive forced buying from index funds and support demand for the shares over time. SpaceX Added to Nasdaq-100 and Could Trigger $4.3B in Forced Passive Buying
• Positive Sentiment: Cathie Wood’s ARK Invest continued buying SpaceX shares, signaling that some growth investors still see the post-IPO pullback as a buying opportunity. Cathie Wood Buys More SpaceX, Sells AMD, BioNTech, and Other Growth Stocks, 7/9/26
• Neutral Sentiment: Backpack launched 24/7 trading of tokenized real U.S. equities, including SpaceX, expanding access for international investors but not directly changing the company’s fundamentals. Beyond SpaceX: First Trust Launches FSPC Space Economy ETF Focused on AI, Satellites, Launch Leaders
• Negative Sentiment: Bearish commentary intensified around SpaceX’s valuation, with multiple reports saying the IPO hype is fading and that the company’s true value may be far below its market cap. SpaceX: The IPO Hype Is Fading – Why Shares’ True Value May Be Less Than Half Its Market Cap
• Negative Sentiment: Several stories highlighted mounting concerns about losses, heavy AI spending, and funding needs, reinforcing worries that profits may remain distant despite strong revenue growth. SpaceX Lost $4.28 Billion on $4.7 Billion in Revenue Last Quarter. Here’s What’s Going On.
• Negative Sentiment: China’s first successful reusable rocket booster landing also raised competitive pressure on SpaceX’s launch leadership story. China Lands Reusable Rocket Booster for the First Time, Closes Gap With SpaceX in Orbital Launch Race

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.