CLSA Begins Coverage on SpaceX (NASDAQ:SPCX)

Key Points

• CLSA initiated coverage of SpaceX with an “outperform” rating and a $250 price target, implying 68.16% upside from the previous close. Analysts overall maintain a “Moderate Buy” consensus with an average target of $219.24.
• SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and an EPS loss of $0.09 that beat estimates. Shares opened at $148.67, while the company’s market capitalization stood near $1.96 trillion.
• Major risks include valuation and execution expectations, particularly ahead of the planned Starship orbital launch. COO Gwynne Shotwell also sold approximately $52.5 million in shares under a pre-arranged trading plan, though she retained a substantial stake.

CLSA began coverage on shares of SpaceX (NASDAQ:SPCX - Get Free Report) in a report released on Monday, Briefing.com reports. The firm set an "outperform" rating and a $250.00 price target on the stock. CLSA's target price would indicate a potential upside of 68.16% from the stock's previous close.

A number of other equities research analysts have also recently commented on SPCX. Wells Fargo & Company reduced their target price on shares of SpaceX from $215.00 to $212.00 and set an "overweight" rating for the company in a research report on Tuesday, September 8th. JPMorgan Chase & Co. reiterated a "buy" rating on shares of SpaceX in a report on Tuesday, August 25th. Sanford C. Bernstein reissued a "buy" rating on shares of SpaceX in a research note on Monday, September 14th. Wolfe Research restated an "outperform" rating and issued a $175.00 price target on shares of SpaceX in a research report on Wednesday, August 26th. Finally, Piper Sandler cut their price target on SpaceX from $156.00 to $140.00 and set a "neutral" rating for the company in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have issued a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $219.24.

SpaceX Price Performance

Shares of NASDAQ:SPCX opened at $148.67 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The firm has a market capitalization of $1.96 trillion and a price-to-earnings ratio of -1,651.89. The stock has a 50 day moving average price of $136.41.

SpaceX (NASDAQ:SPCX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. SpaceX's quarterly revenue was up 91.9% compared to the same quarter last year. As a group, analysts expect that SpaceX will post -0.15 earnings per share for the current year.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the business's stock in a transaction dated 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 transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of SpaceX

Institutional investors have recently made changes to their positions in the company. Wedbush Securities Inc. purchased a new stake in SpaceX in the second quarter valued at $5,094,000. Hyperion Asset Management Ltd purchased a new position in shares of SpaceX during the 2nd quarter worth $201,137,000. K5 Global Advisor LLC purchased a new position in shares of SpaceX during the 2nd quarter worth $6,587,531,000. Rik Saylor Financial Inc. acquired a new stake in shares of SpaceX during the 2nd quarter worth about $1,670,000. Finally, Turner Financial Group Inc. purchased a new stake in SpaceX in the 2nd quarter valued at about $1,228,000.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starship launch is the main near-term catalyst. SpaceX is preparing for Starship Flight 14, described as the vehicle’s first true orbital mission, with a launch window on September 28. A successful test could strengthen confidence in the company’s long-term launch, satellite and space-infrastructure ambitions. SpaceX prepares to send Starship rocket to orbit for first time
• Positive Sentiment: Analysts remain optimistic. Several reports cite Buy ratings and an average price target around $232, implying substantial potential upside from current levels. Starship’s planned mission also includes commercial payloads, while an October 1 launch will carry an orbital-computing satellite for India’s TakeMe2Space. SpaceX stock eyes 56% rally as launch approaches
• Positive Sentiment: AI could broaden SpaceX’s growth opportunity. Elon Musk says orbital computing and AI data centers could outperform analyst expectations, while Goldman Sachs has estimated SpaceX’s AI revenue could reach $322 billion by 2030. SpaceX is also a major Nvidia customer, potentially supporting its computing buildout. Elon Musk discusses orbital computing and Starlink
• Neutral Sentiment: Forecast-based coverage is supportive but speculative. ChatGPT projections point to continued gains into mid-October, but such estimates are not fundamental analysis. SpaceX’s recent momentum follows a recovery from its post-IPO weakness.
• Negative Sentiment: Valuation and execution risks are significant. At approximately $2 trillion, SpaceX has steep expectations and a limited margin for missing ambitious sales targets. Capital expenditures reportedly rose more than 300% in the first half of 2026 as AI investment accelerates, potentially pressuring profitability. SpaceX valuation and sales expectations
• Negative Sentiment: Insider selling may weigh on sentiment. President and COO Gwynne Shotwell disclosed the sale of approximately $52.5 million in SPCX shares, although she retained a substantial position. The transaction could add selling pressure ahead of a closely watched launch. Gwynne Shotwell insider sale

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, serving commercial, government and scientific customers.

SpaceX's principal products include the Falcon 9 and Falcon Heavy rockets, which are used to launch satellites, spacecraft and other payloads into orbit. The company also develops the Dragon spacecraft, which supports cargo and crew missions to low Earth orbit, including missions for NASA and other customers.

Through its Starlink business, SpaceX operates a large constellation of low Earth orbit satellites that provides broadband internet service to customers in numerous countries and regions.

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