SpaceX (NASDAQ:SPCX) Stock Gets Price Target Increase from Susquehanna

Key Points

• Susquehanna raised SpaceX’s price target from $173 to $176 while maintaining a “neutral” rating, implying 19.09% upside from the previous close. The broader analyst consensus is “Moderate Buy,” with an average target of $230.67.
• SpaceX reported stronger-than-expected quarterly results, with revenue up 161% year over year to roughly $14.6 billion and earnings per share of $0.35 versus the $0.10 consensus estimate.
• Growth prospects from AI infrastructure and Starlink remain significant, but investors face risks from heavy capital spending, potential financing needs, insider selling and regulatory scrutiny surrounding Starlink’s operations.

SpaceX (NASDAQ:SPCX - Get Free Report) had its target price hoisted by research analysts at Susquehanna from $173.00 to $176.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Susquehanna's price target would suggest a potential upside of 19.09% from the company's previous close.

SPCX has been the topic of a number of other research reports. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of SpaceX in a research note on Monday. JPMorgan Chase & Co. restated a "buy" rating on shares of SpaceX in a report on Tuesday, August 25th. Pivotal Research reissued a "buy" rating and issued a $230.00 price objective on shares of SpaceX in a research report on Monday, October 12th. William Blair reiterated an "outperform" rating on shares of SpaceX in a report on Friday, October 9th. Finally, TD Cowen increased their price objective on shares of SpaceX from $200.00 to $224.00 and gave the company a "buy" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, SpaceX has a consensus rating of "Moderate Buy" and an average target price of $230.67.

SpaceX Stock Down 0.1%

SPCX stock opened at $147.79 on Wednesday. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The company's 50-day moving average is $148.92. The stock has a market cap of $1.95 trillion and a PE ratio of -1,642.11.

SpaceX (NASDAQ:SPCX - Get Free Report) last issued its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.25. The firm had revenue of $14.57 billion during the quarter. During the same period in the prior year, the company earned ($0.36) earnings per share. The business's revenue for the quarter was up 161.4% compared to the same quarter last year. On average, equities research analysts expect that SpaceX will post 0.07 earnings per share for the current fiscal year.

Insider Buying and Selling at SpaceX

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

Hedge Funds Weigh In On SpaceX

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

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Q3 results exceeded expectations. SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings per share of $0.35 versus the $0.10 consensus estimate. Net income reached approximately $4.4 billion, compared with a loss a year earlier. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI and Starlink are accelerating growth. Super Intelligence revenue reached $7.56 billion, while Connectivity revenue rose 69% to $5.25 billion. Starlink subscribers increased to 13.6 million, and recurring satellite revenue helped support profitability. SpaceX Q3 revenue surges and beats estimates
• Positive Sentiment: Potential Tesla merger talks added to investor enthusiasm. SpaceX and Tesla formed independent committees to evaluate a possible merger, which Elon Musk called a “good idea.” Analysts including Dan Ives and Gene Munster view a transaction as plausible, though no deal or terms are certain. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Management outlined ambitious expansion plans. Musk expects significant additional AI computing capacity and projected long-term recurring revenue growth, while the company and Tesla are targeting volume chip production through their Terafab project in 2028. These forecasts offer upside but remain execution-dependent.
• Negative Sentiment: Heavy investment and financing needs remain key risks. SpaceX spent about $19.6 billion on capital expenditures during the quarter, including $16.4 billion for AI infrastructure. Analysts warn that additional borrowing, cash burn and rising debt could pressure valuation despite the profit beat. More than one billion shares may also become eligible for sale as lockups expire.
• Negative Sentiment: Starlink faces reputational and regulatory concerns. Reports that Musk ordered a slowdown of Starlink service affecting Ukraine could increase political scrutiny and create risks for government relationships and future contracts. Musk ordered Starlink slowdown affecting Ukraine

SpaceX Company Profile

Space Exploration Technologies Corp., commonly known as SpaceX, is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles and spacecraft designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.

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