SpaceX (NASDAQ:SPCX) Stock Rating Upgraded by TD Cowen

SpaceX (NASDAQ:SPCX) was upgraded by investment analysts at TD Cowen to a “strong-buy” rating in a report released on Monday, Zacks reports.

Other equities research analysts have also recently issued reports about the stock. Raymond James Financial cut shares of SpaceX from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, August 7th. Wall Street Zen upgraded shares of SpaceX from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Morgan Stanley reissued an “overweight” rating on shares of SpaceX in a research report on Tuesday. Benchmark started coverage on SpaceX in a report on Monday, June 22nd. They issued a “buy” rating for the company. Finally, Roth Capital upgraded SpaceX to a “buy” rating in a research note on Monday, June 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seven have given a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $218.68.

SpaceX Price Performance

Shares of SpaceX stock opened at $149.24 on Monday. The firm’s 50-day moving average price is $137.43. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The stock has a market cap of $1.97 trillion and a PE ratio of -1,658.22.

SpaceX (NASDAQ:SPCX) last announced its 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 business had revenue of $7.81 billion for the quarter. The company’s quarterly revenue was up 91.9% compared to the same quarter last year. Equities research analysts anticipate that SpaceX will post -0.15 earnings per share for the current year.

Insider Buying and Selling at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of SpaceX

Institutional investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. acquired a new stake in shares of SpaceX in the 2nd quarter worth approximately $8,632,000. Envestnet Portfolio Solutions Inc. purchased a new stake in SpaceX during the second quarter worth $1,274,000. State Street Corp acquired a new stake in SpaceX in the second quarter valued at $1,858,329,000. Security National Bank of SO Dak purchased a new position in shares of SpaceX in the second quarter valued at $48,000. Finally, HBK Investments L P acquired a new position in shares of SpaceX during the 2nd quarter worth $40,579,000.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starship reached orbit and deployed 26 Starlink V3 satellites for the first time. Although an engine shutdown shortened the mission and the vehicle was lost during splashdown, the successful deployment advances SpaceX’s plan to expand Starlink. Higher-capacity V3 satellites could improve network economics and support future revenue growth. SpaceX reached orbit and deployed 26 satellites
• Positive Sentiment: Analysts raised expectations for SpaceX’s growth. UBS reiterated a Buy rating and a $210 price target, forecasting third-quarter revenue of approximately $13.8 billion—above consensus—with AI, Starlink and launch operations driving the potential beat. TD Cowen separately began coverage with a Buy rating and a $200 target. UBS expects a strong third quarter
• Positive Sentiment: AI-compute leasing is emerging as another potential growth engine. Anthropic reportedly committed up to $84.5 billion in computing agreements through 2029, while analysts believe SpaceX can monetize data-center capacity and use the proceeds to fund orbital data-center ambitions. Anthropic compute agreements with SpaceX
• Neutral Sentiment: Long-term projections remain highly bullish but speculative. Citi suggested SpaceX could eventually reach a $12 trillion valuation and Gene Munster said the stock could more than double if launch cadence scales dramatically. These are scenario-based estimates rather than near-term earnings catalysts. Citi SpaceX valuation outlook
• Negative Sentiment: Valuation and execution risks remain substantial. SpaceX trades at an exceptionally high valuation, and Starship still needs to demonstrate reliable engine performance, intact recovery and frequent reuse. Rising short volume also indicates increased skepticism and could add volatility. SpaceX short volume rises

About SpaceX

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

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.