SpaceX’s (SPCX) “Buy” Rating Reaffirmed at TD Cowen

SpaceX (NASDAQ:SPCX)‘s stock had its “buy” rating reaffirmed by stock analysts at TD Cowen in a note issued to investors on Friday, MarketBeat Ratings reports. They presently have a $200.00 target price on the stock. TD Cowen’s target price suggests a potential upside of 22.76% from the company’s current price.

Other analysts have also recently issued research reports about the company. The Goldman Sachs Group reiterated a “buy” rating on shares of SpaceX in a research report on Tuesday, September 29th. Royal Bank Of Canada restated an “outperform” rating on shares of SpaceX in a research report on Monday, September 28th. Weiss Ratings assumed coverage on SpaceX in a report on Tuesday, September 1st. They issued a “sell (d)” rating for the company. Bank of America began coverage on SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $235.00 price objective on the stock. Finally, Mizuho began coverage on SpaceX in a research report on Tuesday, July 7th. They set an “outperform” rating and a $200.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.77.

SpaceX Price Performance

NASDAQ SPCX traded up $2.35 on Friday, hitting $162.92. 46,128,210 shares of the company’s stock were exchanged, compared to its average volume of 101,785,516. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $143.95. The stock has a market cap of $2.15 trillion and a price-to-earnings ratio of -1,811.89. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. SpaceX’s revenue was up 91.9% on a year-over-year basis. On average, research analysts predict that SpaceX will post 0.09 earnings per share for the current fiscal year.

Insider Activity

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Syntax Research Inc. bought a new position in shares of SpaceX in the second quarter worth $26,000. Atwood & Palmer Inc. bought a new position in SpaceX during the 2nd quarter valued at $29,000. PayPay Securities Corp acquired a new position in shares of SpaceX during the 2nd quarter valued at $30,000. Marquette Asset Management LLC acquired a new position in shares of SpaceX during the 2nd quarter valued at $32,000. Finally, Hickory Point Bank & Trust acquired a new stake in shares of SpaceX in the third quarter valued at $30,000.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Nationwide spectrum acquisition strengthens Starlink Mobile. SpaceX agreed to acquire Grain Management’s nationwide portfolio of 800 MHz low-band spectrum, covering nearly the entire U.S. population. The licenses could improve indoor and ground-level coverage and allow Starlink to offer more complete direct-to-device wireless service, increasing the competitive threat to AT&T, Verizon and T-Mobile. The transaction remains subject to final FCC approval. SpaceX Acquires Nationwide Spectrum Licenses
• Positive Sentiment: Regulatory approval expands the addressable market. The FCC approved SpaceX’s next-generation Starlink constellation of up to 15,000 satellites for direct-to-device services and waived a requirement to lease capacity from ground-based carriers. The decision supports the company’s mobile-network ambitions and reduces dependence on traditional telecom partners. FCC Approval for 15,000 Starlink Satellites
• Positive Sentiment: Wall Street remains constructive. Barclays initiated coverage with a Buy rating and a $254 price target, while TD Cowen reaffirmed its Buy rating with a $200 target. J.P. Morgan and Morgan Stanley have also maintained bullish views, citing spectrum expansion, Starlink cash generation and SpaceX’s AI-compute opportunity. Barclays Initiates SpaceX Coverage
• Neutral Sentiment: AI growth could be significant but requires substantial capital. SpaceX is reportedly discussing roughly $40 billion of loans and investment-grade debt to purchase Nvidia chips and expand AI data-center capacity. Supporters view contracted AI demand and Starlink cash flow as potential debt support, but the plan would increase leverage and execution risk. Apollo and Banks Discuss SpaceX Financing
• Negative Sentiment: Share supply and valuation remain risks. Up to approximately 319 million insider shares reportedly became eligible for sale, potentially creating selling pressure. In addition, ARK Invest sold about $4.7 million of SpaceX shares, while critics argue the company’s multitrillion-dollar valuation already discounts substantial success in wireless, AI and space.
• Negative Sentiment: Competitive and geopolitical risks persist. SpaceX’s wireless push has triggered sector-wide concerns, while delays to Starlink’s India launch and warnings about Russian satellite activity highlight regulatory and security risks to the broader Starlink business. Russian Satellite Activity Raises Concerns for Starlink

SpaceX Company Profile

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.