SpaceX’s (SPCX) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of SpaceX (NASDAQ:SPCX) in a report issued on Wednesday morning, MarketBeat reports. They currently have a $246.00 price objective on the stock.

Other equities analysts have also recently issued reports about the company. Raymond James Financial restated a “strong-buy” rating on shares of SpaceX in a research note on Monday, July 27th. Mizuho assumed coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $200.00 target price for the company. Oppenheimer increased their target price on shares of SpaceX from $190.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. Citigroup assumed coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $200.00 price target on the stock. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of SpaceX in a report on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $227.31.

SpaceX Price Performance

Shares of SpaceX stock opened at $133.11 on Wednesday. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The business has a 50 day moving average of $143.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 1.11.

SpaceX (NASDAQ:SPCX) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The business’s revenue was up 91.9% on a year-over-year basis. As a group, equities research analysts expect that SpaceX will post -0.28 EPS for the current year.

Institutional Investors Weigh In On SpaceX

A number of hedge funds have recently made changes to their positions in SPCX. Dynamic Advisor Solutions LLC bought a new position in shares of SpaceX during the 2nd quarter valued at approximately $3,383,000. Castle Rock Wealth Management LLC bought a new stake in shares of SpaceX in the 2nd quarter worth approximately $2,310,000. Wynn Capital LLC bought a new stake in shares of SpaceX in the 2nd quarter worth approximately $205,000. Atwood & Palmer Inc. purchased a new position in SpaceX in the second quarter valued at approximately $29,000. Finally, Beacon Investment Advisory Services Inc. bought a new position in SpaceX during the second quarter valued at $174,000.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Lockup pressure was less severe than feared. Approximately 911.5 million shares became eligible for trading, more than doubling SpaceX’s public float. However, the stock remained resilient, suggesting that selling may have been largely anticipated and that existing shareholders and retail investors were willing to support the shares. SpaceX’s stock is having one of its best days ever with the first lockup expiration now behind it
• Positive Sentiment: Analysts turned more constructive. Argus upgraded SpaceX to Buy and set a $160 price target, citing accelerating AI revenue, cloud contracts and a potential payback period of less than one year for new AI spending. JPMorgan also raised its target, reinforcing the bullish view on SpaceX’s compute opportunity. SpaceX Stock Just Scored a New Buy Rating
• Positive Sentiment: Quarterly growth remains impressive. SpaceX reported revenue of $7.81 billion, up 91.9% year over year, and a smaller-than-expected loss of $0.09 per share. Reports also highlighted $20.8 billion of combined AI cloud contracts, $2.56 billion in AI revenue and continued profitability at Starlink. SpaceX Signed $14.1 Billion of Cloud Contracts in a Single Quarter
• Positive Sentiment: AI infrastructure plans are expanding. SpaceX’s partnership with Nvidia to deploy next-generation hardware in terrestrial and orbital data centers, along with the planned $16.8 billion Terafab chip factory with Tesla, strengthens the company’s long-term AI and compute narrative. SpaceX’s Terafab will rely on natural gas power plants
• Neutral Sentiment: Speculation about a SpaceX-Tesla merger or tracking-stock structure added attention but remains unconfirmed. Jefferies characterized the possibility as uncertain rather than an immediate catalyst. Jefferies weighs in on SpaceX-Tesla merger speculation
• Negative Sentiment: Risks remain substantial. SpaceX is committing roughly $15.8 billion of quarterly capital spending to AI and remains GAAP-loss-making. Additional staged unlocks through December could create further supply, while concerns about contract cancellations, valuation and the execution of Starlink Mobile continue to limit investor conviction.

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.