SpaceX (NASDAQ:SPCX) Coverage Initiated at Cfra

Analysts at Cfra assumed coverage on shares of SpaceX (NASDAQ:SPCX) in a report issued on Friday,Benzinga reports. The brokerage set a “sell” rating and a $115.00 price target on the stock. Cfra’s target price points to a potential downside of 30.84% from the stock’s current price.

Other research analysts also recently issued reports about the stock. New Street Research set a $165.00 price target on shares of SpaceX in a report on Wednesday. KGI Securities initiated coverage on shares of SpaceX in a report on Thursday. They set an “outperform” rating for the company. Wolfe Research initiated coverage on shares of SpaceX in a report on Friday. They set an “outperform” rating and a $175.00 price target for the company. Finally, Oppenheimer set a $190.00 price target on shares of SpaceX and gave the stock an “outperform” rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $161.25.

SpaceX Stock Performance

SPCX traded up $16.28 during trading on Friday, hitting $166.28. 236,610,395 shares of the stock traded hands. SpaceX has a twelve month low of $135.00 and a twelve month high of $168.75.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.27) EPS for the quarter. The business had revenue of $4.69 billion for the quarter.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s blockbuster IPO has been priced at $135 per share and is attracting heavy demand, with some traders expecting a strong first-day pop. After record IPO, Musk’s SpaceX faces next test in market debut
• Positive Sentiment: Oppenheimer and other analysts have started coverage with bullish calls, arguing that SpaceX has meaningful upside if Starlink and Starship deliver. Oppenheimer launches Wall Street’s first coverage of SpaceX with bullish outlook
• Positive Sentiment: Investor appetite is spilling into other space-related names, signaling broad sector enthusiasm around SpaceX’s debut. RKLB, SPCE, and Others: Space Stocks Rally as Investors Cheer Historic SpaceX IPO
• Neutral Sentiment: SpaceX’s debut is also being framed as a major event for markets overall, with futures and indexes moving on both IPO excitement and unrelated macro headlines like Iran peace-deal hopes. Stock Market News Today, 6/12/26 – Futures Climb on U.S.-Iran Peace Optimism, SpaceX IPO Looms
• Negative Sentiment: Some investors are questioning whether SpaceX’s roughly $1.77 trillion valuation is too rich, which could limit upside after the initial pop fades. Is SpaceX worth $1.77 trillion? It’s a pie in the sky, some investors say.

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.