SpaceX (NASDAQ:SPCX) Given New $224.00 Price Target at TD Cowen

SpaceX (NASDAQ:SPCX) had its price objective increased by stock analysts at TD Cowen from $200.00 to $224.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price target would indicate a potential upside of 51.57% from the stock’s current price.

A number of other equities analysts also recently weighed in on SPCX. Guggenheim started coverage on shares of SpaceX in a report on Friday, August 7th. They set a “buy” rating on the stock. Daiwa Securities Group assumed coverage on shares of SpaceX in a research note on Thursday, July 2nd. They issued a “neutral” rating and a $175.00 price target for the company. Seaport Research Partners downgraded shares of SpaceX from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Morgan Stanley restated an “overweight” rating on shares of SpaceX in a research note on Wednesday. Finally, Arete Research set a $450.00 price objective on shares of SpaceX in a research note on Tuesday, August 11th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $224.86.

SpaceX Stock Down 0.1%

SpaceX stock opened at $147.79 on Wednesday. The firm has a 50 day moving average of $148.92. The firm has a market capitalization of $1.95 trillion and a PE ratio of -1,642.11. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.25. The firm had revenue of $14.57 billion during the quarter. SpaceX’s revenue for the quarter was up 161.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.36) earnings per share. Equities analysts anticipate that SpaceX will post 0.07 EPS for the current fiscal year.

Insider Activity at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the business’s 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 directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Investors Weigh In On SpaceX

A number of large investors have recently added to or reduced their stakes in the business. SC US Ttgp LTD. bought a new stake in shares of SpaceX during the 2nd quarter worth about $20,933,621,000. Darsana Capital Partners LP bought a new stake in shares of SpaceX in the second quarter valued at about $17,335,783,000. K5 Global Advisor LLC acquired a new position in shares of SpaceX in the second quarter valued at about $6,587,531,000. State Street Corp acquired a new position in shares of SpaceX in the second quarter valued at about $1,858,329,000. Finally, Dragoneer Investment Group LLC acquired a new position in shares of SpaceX in the second quarter valued at about $1,366,880,000.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Q3 results exceeded expectations. SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings per share of $0.35 versus the $0.10 consensus estimate. Net income reached approximately $4.4 billion, compared with a loss a year earlier. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI and Starlink are accelerating growth. Super Intelligence revenue reached $7.56 billion, while Connectivity revenue rose 69% to $5.25 billion. Starlink subscribers increased to 13.6 million, and recurring satellite revenue helped support profitability. SpaceX Q3 revenue surges and beats estimates
• Positive Sentiment: Potential Tesla merger talks added to investor enthusiasm. SpaceX and Tesla formed independent committees to evaluate a possible merger, which Elon Musk called a “good idea.” Analysts including Dan Ives and Gene Munster view a transaction as plausible, though no deal or terms are certain. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Management outlined ambitious expansion plans. Musk expects significant additional AI computing capacity and projected long-term recurring revenue growth, while the company and Tesla are targeting volume chip production through their Terafab project in 2028. These forecasts offer upside but remain execution-dependent.
• Negative Sentiment: Heavy investment and financing needs remain key risks. SpaceX spent about $19.6 billion on capital expenditures during the quarter, including $16.4 billion for AI infrastructure. Analysts warn that additional borrowing, cash burn and rising debt could pressure valuation despite the profit beat. More than one billion shares may also become eligible for sale as lockups expire.
• Negative Sentiment: Starlink faces reputational and regulatory concerns. Reports that Musk ordered a slowdown of Starlink service affecting Ukraine could increase political scrutiny and create risks for government relationships and future contracts. Musk ordered Starlink slowdown affecting Ukraine

About SpaceX

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

SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.