Erste Group Bank Begins Coverage on SpaceX (NASDAQ:SPCX)

Key Points

• Erste Group Bank initiated coverage with a “hold” rating. Overall analyst sentiment remains a “Moderate Buy,” based on three Strong Buy, 27 Buy, nine Hold and six Sell ratings, with a consensus price target of $218.76.
• SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and an adjusted loss of $0.09 per share that beat analyst expectations. The stock opened at $167.60 and remains well below its 12-month high of $225.64.
• Risks and catalysts remain mixed: COO Gwynne Shotwell sold approximately $52.5 million in shares, while Starlink expansion and AI infrastructure support growth prospects; potential debt financing for Nvidia chips, valuation concerns and possible Starlink delays weigh on investor sentiment.

Investment analysts at Erste Group Bank began coverage on shares of SpaceX (NASDAQ:SPCX - Get Free Report) in a research note issued on Thursday, Briefing.com reports. The firm set a "hold" rating on the stock.

Several other analysts have also issued reports on the stock. Raymond James Financial lowered shares of SpaceX from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, August 7th. Pivotal Research began coverage on SpaceX in a research note on Tuesday, September 8th. They issued a "buy" rating and a $220.00 target price for the company. Canaccord Genuity Group began coverage on SpaceX in a research report on Tuesday, July 7th. They set a "buy" rating and a $246.00 price target on the stock. Cfra assumed coverage on SpaceX in a research note on Friday, June 12th. They issued a "sell" rating and a $115.00 price target on the stock. Finally, Barclays upgraded SpaceX from an "underweight" rating to an "overweight" rating in a research report on Monday, June 22nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $218.76.

SpaceX Stock Down 2.5%

NASDAQ SPCX opened at $167.60 on Thursday. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The company's 50-day moving average price is $142.98. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The stock has a market capitalization of $2.21 trillion and a P/E ratio of -1,862.22.

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

Insider Activity

In related news, COO Gwynne Shotwell sold 342,170 shares of the 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 completion of the transaction, the chief operating officer directly owned 2,472,035 shares of the company's stock, valued at $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of SpaceX

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

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: The FCC approved SpaceX’s plan to deploy 15,000 additional Starlink satellites for mobile and Direct-to-Cell service, while waiving a requirement to lease capacity from ground-based providers. The decision could accelerate Starlink’s addressable market and improve the economics of satellite-to-phone connectivity. FCC approves 15,000 Starlink satellites
• Positive Sentiment: Analysts continue to highlight growth in Starlink, launch services and AI infrastructure. Susquehanna raised its price target to $173, while other bullish commentary cited Starlink’s subscriber growth and the potential for AI-compute revenue to become a significant business. Susquehanna raises SpaceX price target
• Positive Sentiment: SpaceX’s successful Starship and Crew Dragon activity reinforces execution momentum, while proposed U.S. launch-rule changes could support a higher launch cadence and benefit the company’s core business. FAA proposes streamlined launch licensing
• Neutral Sentiment: Analysts’ fair-value estimates have moved modestly higher, but Wall Street remains divided. Optimists see substantial upside from Starlink and AI, while cautious investors argue that much of the expected growth is already reflected in the valuation. SpaceX fair-value estimate and analyst debate
• Negative Sentiment: SpaceX is reportedly seeking approximately $40 billion—about $10 billion in bank loans and $30 billion in investment-grade bonds—to purchase Nvidia AI chips and expand computing capacity. Investors are concerned that the debt adds leverage and execution risk despite SpaceX holding roughly $100 billion in cash and marketable securities. Apollo and banks discuss SpaceX AI-chip financing
• Negative Sentiment: Potential delays to Starlink’s launch in India and investor concern ahead of a sizable share unlock are additional overhangs. Cathie Wood’s ARK Invest also recently reduced its SpaceX position, adding to caution around the stock’s elevated valuation.

About SpaceX

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.

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