SpaceX (NASDAQ:SPCX) Stock Has Consensus Target Price of $221.44

Key Points

• Analyst sentiment is moderately bullish: Forty-six analysts assign SpaceX a consensus “Moderate Buy” rating, with 29 buys and three strong buys. The average 12-month price target is $221.44, though recommendations range from sell to strong buy.
• Recent financial results exceeded expectations: SpaceX reported quarterly EPS of negative $0.09 versus the consensus estimate of negative $0.26, while revenue rose 91.9% year over year to $7.81 billion.
• Shares face significant catalysts and risks: Investors are focused on AI, Starlink and space-infrastructure growth, potential Tesla merger developments and Musk’s proposed share giveaway. High capital-spending expectations, possible financing needs and an upcoming lockup expiration could increase volatility.

SpaceX (NASDAQ:SPCX - Get Free Report) has been assigned an average rating of "Moderate Buy" from the forty-six ratings firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, twenty-nine have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $221.44.

A number of equities analysts have recently weighed in on SPCX shares. Needham & Company LLC reiterated a "buy" rating on shares of SpaceX in a research note on Wednesday, September 30th. Benchmark started coverage on SpaceX in a report on Monday, June 22nd. They issued a "buy" rating on the stock. Oppenheimer increased their price objective on SpaceX from $250.00 to $280.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 2nd. Yorkville Ives assumed coverage on SpaceX in a report on Tuesday, October 6th. They set an "outperform" rating and a $225.00 target price for the company. Finally, Seaport Research Partners downgraded shares of SpaceX from a "buy" rating to a "neutral" rating in a report on Friday, August 7th.

SpaceX Price Performance

NASDAQ:SPCX opened at $147.96 on Tuesday. SpaceX has a one year low of $104.83 and a one year high of $225.64. The firm has a market capitalization of $1.95 trillion and a P/E ratio of -1,644.00. The company has a fifty day moving average of $148.63. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12.

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 company had revenue of $7.81 billion for the quarter. The firm's revenue was up 91.9% on a year-over-year basis. As a group, equities research analysts expect that SpaceX will post 0.07 earnings per share for the current year.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Potential AI and Starlink growth: Investors want evidence that SpaceX’s AI-computing business, Starlink connectivity and space infrastructure can produce sustainable revenue. Analysts expect approximately $12.9 billion in third-quarter revenue and $0.14 in earnings per share. SpaceX earnings: AI revenue, financing needs and Tesla merger talks in focus
• Positive Sentiment: Musk’s proposed stock gift: Elon Musk said he plans to give one SpaceX share to every U.S. child in 2027, potentially distributing roughly $10 billion of his personal holdings. Because the proposed transfer involves Musk’s shares rather than a new company issuance, it may support public awareness without directly diluting SpaceX shareholders. Elon Musk says he'll give one share to every child in America
• Neutral Sentiment: Merger speculation remains a catalyst: Investors are looking for updates on a possible Tesla-SpaceX combination, but the timing and structure remain uncertain. A merger could create strategic advantages by combining AI, autonomy, satellite and data assets, while also increasing execution and valuation risks. SpaceX, Tesla earnings to test Musk's AI spending ambitions
• Negative Sentiment: High earnings and spending expectations: The market is watching AI revenue, cash flow, financing needs and 2027 capital-expenditure guidance. A revenue miss or sharply higher spending could renew concerns that the AI buildout is consuming too much capital. SpaceX earnings will be all about AI
• Negative Sentiment: Lockup expiration could add supply: More than one billion shares are expected to become eligible for sale after the earnings update, creating a possible overhang and increasing volatility. A massive SpaceX stock lockup expiration is coming

Insider Activity

In related news, COO Gwynne Shotwell sold 342,170 shares of the business's stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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

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

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.

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