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

Shares of SpaceX (NASDAQ:SPCX) have been assigned a consensus recommendation of “Moderate Buy” from the thirty-nine ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-five have assigned a buy rating and three have issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $229.7143.

A number of brokerages have recently commented on SPCX. Wolfe Research reissued an “outperform” rating on shares of SpaceX in a research report on Wednesday. UBS Group restated a “buy” rating on shares of SpaceX in a report on Wednesday. Arete Research set a $401.00 price target on shares of SpaceX and gave the stock a “buy” rating in a research note on Thursday, June 18th. TD Cowen assumed coverage on shares of SpaceX in a research note on Monday, June 22nd. They set a “buy” rating for the company. Finally, Clear Str upgraded shares of SpaceX to a “strong-buy” rating in a report on Tuesday, July 7th.

SpaceX News Summary

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 Investors Weigh In On SpaceX

Several institutional investors have recently modified their holdings of SPCX. Atwood & Palmer Inc. purchased a new position in shares of SpaceX during the second quarter valued at approximately $29,000. Beacon Investment Advisory Services Inc. purchased a new position in shares of SpaceX in the 2nd quarter worth $174,000. Strategic Investment Solutions Inc. IL purchased a new stake in SpaceX during the second quarter valued at $181,000. Teamwork Financial Advisors LLC bought a new position in SpaceX in the second quarter valued at about $8,027,000. Finally, Ebert Capital Management Inc. bought a new stake in shares of SpaceX during the 2nd quarter valued at about $647,000.

SpaceX Stock Performance

Shares of NASDAQ:SPCX opened at $108.29 on Thursday. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. The business’s revenue was up 91.9% compared to the same quarter last year.

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.