SpaceX (NASDAQ:SPCX) Stock Rating Reaffirmed as "Buy" by Needham & Company LLC

SpaceX (NASDAQ:SPCX - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Needham & Company LLC in a research report issued on Wednesday, Benzinga reports. They presently have a $250.00 price objective on the stock. Needham & Company LLC's price objective points to a potential upside of 69.16% from the company's current price.

Other analysts have also recently issued research reports about the stock. Bank of America assumed coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a "buy" rating and a $235.00 price objective on the stock. Seaport Research Partners cut shares of SpaceX from a "buy" rating to a "neutral" rating in a research report on Friday, August 7th. Erste Group Bank assumed coverage on shares of SpaceX in a research report on Thursday, October 8th. They set a "hold" rating on the stock. HSBC started coverage on shares of SpaceX in a research report on Thursday, July 23rd. They set a "hold" rating and a $115.00 price objective on the stock. Finally, William Blair reaffirmed an "outperform" rating on shares of SpaceX in a report on Friday, October 9th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $230.67.

SpaceX Stock Performance

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

SpaceX (NASDAQ:SPCX - Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.25. The company had revenue of $14.58 billion for the quarter. The business's quarterly revenue was up 161.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.36) EPS. On average, analysts predict that SpaceX will post 0.07 earnings per share for the current year.

Insider Activity at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the 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 transaction, the chief operating officer owned 2,472,035 shares of the company's stock, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 made changes to their positions in SPCX. Sowell Financial Services LLC bought a new position in shares of SpaceX during the 3rd quarter valued at $5,956,000. Atticus Wealth Management LLC bought a new position in shares of SpaceX during the 3rd quarter valued at $378,000. Nightview Capital LLC grew its holdings in shares of SpaceX by 200.5% during the 3rd quarter. Nightview Capital LLC now owns 106,069 shares of the company's stock valued at $16,002,000 after purchasing an additional 70,771 shares during the last quarter. Bell Bank bought a new stake in SpaceX in the 3rd quarter worth $672,000. Finally, Parkside Investments LLC bought a new stake in SpaceX in the 3rd quarter worth $827,000.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results: 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. The company swung to approximately $4.4 billion in net income from a year-earlier loss. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI and Starlink are scaling rapidly: The Super Intelligence segment generated about $7.56 billion in revenue, surpassing Starlink, while Connectivity revenue reached roughly $5.25 billion. Starlink subscribers grew to 13.6 million, reinforcing the company’s recurring-revenue base.
• Positive Sentiment: Improved forward visibility: Management cited a $63 billion backlog and guided to $33 billion-$37 billion in first-quarter 2027 revenue. Analysts also raised targets, including TD Cowen to $224 with a buy rating, Needham to $250 with a buy rating and Susquehanna to $176 with a neutral rating.
• Positive Sentiment: Merger speculation adds a catalyst: SpaceX and Tesla formed independent committees to evaluate a potential combination. Elon Musk called the idea attractive, although he is excluded from negotiations because of conflicts of interest. A merger could combine SpaceX’s AI and satellite infrastructure with Tesla’s vehicles, robots and data.
• Neutral Sentiment: Execution remains critical: SpaceX plans approximately $35 billion-$40 billion of fourth-quarter capital expenditures to expand AI computing, Starlink and Starship. Revenue is growing faster than spending, but the scale of investment leaves little room for execution errors.
• Negative Sentiment: Cash-flow and dilution concerns: Reports highlight substantial AI infrastructure spending, potential additional debt financing and a possible release of more than $180 billion in insider-held shares as lockups expire. Increased supply could pressure the stock and dilute existing holders.
• Negative Sentiment: Reputational risk: Reports that Musk ordered a slowdown of Starlink service used by Ukraine’s military could increase political, regulatory and customer-related risks for SpaceX.

About SpaceX

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.