SpaceX (NASDAQ:SPCX) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts give SpaceX a “Moderate Buy” consensus: Of 39 analysts, 25 rate the stock a buy and three a strong buy, versus nine holds and two sells. The average 12-month price target is $229.71.
• SpaceX reported second-quarter revenue of $7.81 billion, up 91.9% year over year, while its adjusted EPS loss of $0.09 beat expectations for a $0.26 loss. Starlink contributed approximately $4.3 billion in revenue and remains the company’s main profit engine.
• High spending and potential share supply are key risks: Capital expenditures reached about $18.4 billion, including $15.8 billion for AI infrastructure, while up to 911.5 million insider and pre-IPO shares became eligible for sale, potentially increasing volatility and pressuring the stock.

Shares of SpaceX (NASDAQ:SPCX - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the thirty-nine analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, twenty-five have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $229.7143.

A number of equities research analysts have recently weighed in on SPCX shares. Arete Research set a $401.00 target price on SpaceX and gave the company a "buy" rating in a research note on Thursday, June 18th. Barclays raised SpaceX from an "underweight" rating to an "overweight" rating in a research note on Monday, June 22nd. Cfra initiated coverage on shares of SpaceX in a report on Friday, June 12th. They set a "sell" rating and a $115.00 price target for the company. Canaccord Genuity Group initiated coverage on shares of SpaceX in a report on Tuesday, July 7th. They issued a "buy" rating and a $246.00 price target on the stock. Finally, Clear Str upgraded shares of SpaceX to a "strong-buy" rating in a research report on Tuesday, July 7th.

SpaceX Stock Performance

Shares of SpaceX stock opened at $108.29 on Thursday. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The company's revenue was up 91.9% compared to the same quarter last year.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX reported second-quarter revenue of $7.81 billion, up 91.9% year over year, and an adjusted EPS loss of $0.09 that was better than the expected $0.26 loss. Starlink generated approximately $4.3 billion in revenue and remains the company’s primary profit engine. Reuters SpaceX quarterly results
• Positive Sentiment: Management highlighted strong demand for Starlink, AI-computing services and cloud contracts, including additional cloud revenue expected to begin ramping in October. Elon Musk also reiterated ambitious targets of a $100 billion annualized revenue run rate and $1 trillion in annual revenue by 2030. CNBC SpaceX AI spending
• Positive Sentiment: Several analysts maintained bullish ratings and price targets, while ARK Invest bought SpaceX shares following the selloff. SpaceX’s planned exclusive use of Nvidia hardware also supports its AI infrastructure strategy, although it primarily benefits Nvidia. TipRanks ARK Invest SpaceX investment
• Neutral Sentiment: SpaceX is expanding beyond launches and satellite internet into wireless connectivity through Starlink Mobile, potentially increasing its long-term addressable market and pressuring traditional telecom operators. Business Insider Starlink Mobile
• Negative Sentiment: The principal market concern is capital intensity: quarterly capital expenditures surged to about $18.4 billion, including roughly $15.8 billion for AI infrastructure. Investors are questioning whether future AI revenue and contracts will generate adequate returns, while cash burn and losses in newer businesses remain elevated. CNBC SpaceX spending concerns
• Negative Sentiment: Up to 911.5 million insider and pre-IPO shares became eligible for sale, potentially more than doubling the public float. The resulting supply risk is likely to increase volatility and may pressure SPCX if employees and early investors sell. Reuters SpaceX lockup expiry

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Hyperion Asset Management Ltd bought a new stake in shares of SpaceX in the 2nd quarter worth approximately $201,137,000. Tema ETFs LLC purchased a new stake in SpaceX in the second quarter worth $32,037,000. Teamwork Financial Advisors LLC bought a new stake in SpaceX in the second quarter valued at $8,027,000. Heck Capital Advisors LLC bought a new stake in SpaceX in the second quarter valued at $3,768,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in SpaceX during the 2nd quarter valued at $3,383,000.

About SpaceX

SpaceX, or Space Exploration Technologies Corp., is an American aerospace company focused on the design, manufacture and launch of advanced rockets and spacecraft. The company develops launch vehicles and space systems used for commercial, government and scientific missions, with a strong emphasis on lowering the cost of access to space through reusable rocket technology.

Founded in 2002 by Elon Musk, SpaceX has built a broad portfolio of products and services that includes the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starship development program.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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