SpaceX (NASDAQ:SPCX) Earns "Buy" Rating from Sanford C. Bernstein

Key Points

• Sanford C. Bernstein reiterated its “Buy” rating on SpaceX. Across Wall Street, the stock holds a “Moderate Buy” consensus rating with an average price target of $219.24.
• SpaceX opened at $146, with a market capitalization of approximately $1.92 trillion. Its latest quarterly revenue rose 91.9% year over year to $7.81 billion, while its adjusted loss of $0.09 per share beat analyst expectations.
• Starship Flight 14 is a major near-term catalyst but carries substantial risk. A successful orbital test and satellite deployment could strengthen confidence in SpaceX’s reusable-launch and Starlink growth prospects, while the company’s elevated valuation and a $52.5 million stock sale by COO Gwynne Shotwell remain potential headwinds.

SpaceX (NASDAQ:SPCX - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Sanford C. Bernstein in a research report issued on Monday.

Other equities research analysts have also issued research reports about the stock. Oppenheimer increased their price objective on shares of SpaceX from $250.00 to $280.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 2nd. Clear Str upgraded shares of SpaceX to a "strong-buy" rating in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $235.00 price target (down from $255.00) on shares of SpaceX in a report on Wednesday, September 2nd. William Blair reissued an "outperform" rating on shares of SpaceX in a research report on Friday, September 11th. Finally, Arete Research set a $450.00 price objective on SpaceX in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have given a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $219.24.

SpaceX Price Performance

NASDAQ SPCX opened at $146.00 on Monday. The firm has a market cap of $1.92 trillion and a price-to-earnings ratio of -1,622.22. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. 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 has a 50-day moving average price of $136.41.

SpaceX (NASDAQ:SPCX - Get Free Report) last posted its earnings results 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 business had revenue of $7.81 billion for the quarter. SpaceX's quarterly revenue was up 91.9% on a year-over-year basis. On average, equities research analysts expect that SpaceX will post -0.15 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the sale, the chief operating officer owned 2,472,035 shares of the company's stock, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hedge Funds Weigh In On SpaceX

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SC US Ttgp LTD. purchased a new stake in shares of SpaceX during the second quarter worth about $20,933,621,000. Darsana Capital Partners LP purchased a new position in SpaceX in the second quarter valued at about $17,335,783,000. K5 Global Advisor LLC acquired a new stake in SpaceX during the 2nd quarter valued at approximately $6,587,531,000. State Street Corp purchased a new stake in SpaceX during the 2nd quarter worth approximately $1,858,329,000. Finally, Dragoneer Investment Group LLC acquired a new position in shares of SpaceX in the 2nd quarter valued at approximately $1,366,880,000.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starship launch serves as the primary catalyst. SpaceX is preparing for Starship Flight 14, a potentially historic mission that will attempt the rocket’s first orbital flight and deploy 26 Starlink satellites. Success would provide important evidence that SpaceX is moving closer to a fully reusable launch system and could improve confidence in future launch capacity and revenue growth. SpaceX prepares to send Starship rocket to orbit for first time
• Positive Sentiment: Analyst sees significant sales upside. Evercore ISI said investors may be underestimating the “Colossus ramp,” referring to SpaceX’s artificial-intelligence computing business and its potential contribution to 2027 sales. The bullish view helped support the stock, with analysts maintaining favorable ratings and some estimates implying substantial upside. Evercore ISI analyst discusses SpaceX’s Colossus ramp
• Positive Sentiment: Long-term growth opportunities remain substantial. SpaceX is expanding beyond launches through Starlink, orbital computing and AI infrastructure. Goldman Sachs estimates that AI-related revenue could reach $322 billion by 2030, while SpaceX is also expected to purchase large quantities of Nvidia GPUs for its computing operations. Where Will SpaceX Stock Be in 5 Years?
• Neutral Sentiment: The launch remains a high-risk event. Although regulatory approval and favorable weather have enabled the attempt, the mission is described as the company’s riskiest and most consequential Starship test. A successful flight could materially improve sentiment, but a failure could reverse recent gains quickly. Why Starship’s riskiest launch yet is important
• Negative Sentiment: Valuation and selling pressure are significant risks. SpaceX has risen sharply since August and carries an approximately $2 trillion valuation despite projected losses. President Gwynne Shotwell also disclosed plans to sell about $52 million of SPCX stock, which may weigh on sentiment and reinforce concerns that expectations leave little room for execution misses. SpaceX COO sells stock

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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