SpaceX (NASDAQ:SPCX) Upgraded to Strong-Buy at TD Cowen

TD Cowen upgraded shares of SpaceX (NASDAQ:SPCX) to a strong-buy rating in a report published on Monday morning,Zacks reports.

A number of other equities research analysts have also recently issued reports on the company. Evercore initiated coverage on SpaceX in a report on Tuesday, July 14th. They set an “outperform” rating and a $230.00 price objective for the company. Morgan Stanley reiterated an “overweight” rating on shares of SpaceX in a research note on Tuesday. Benchmark began coverage on SpaceX in a research note on Monday, June 22nd. They issued a “buy” rating for the company. Piper Sandler decreased their price objective on SpaceX from $156.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Finally, Barclays raised SpaceX from an “underweight” rating to an “overweight” rating in a report 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 issued a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat, SpaceX currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.68.

SpaceX Price Performance

NASDAQ:SPCX opened at $149.24 on Monday. The company has a fifty day moving average of $137.43. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The firm has a market capitalization of $1.97 trillion and a P/E ratio of -1,658.22. SpaceX has a one year low of $104.83 and a one year high of $225.64.

SpaceX (NASDAQ:SPCX) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The firm’s quarterly revenue was up 91.9% on a year-over-year basis. As a group, equities research analysts expect that SpaceX will post -0.15 earnings per share for the current year.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value 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. The trade was a 12.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

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

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

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.