SpaceX (NASDAQ:SPCX) Shares Up 2.6% on Analyst Upgrade

01 Oct 2026, 10:01 by Doug Wharley · The Cerbat Gem

SpaceX (NASDAQ:SPCX – Get Free Report)’s share price traded up 2.6% during trading on Tuesday after TD Cowen upgraded the stock to a strong-buy rating. The company traded as high as $150.06 and last traded at $149.24. Approximately 79,598,598 shares changed hands during trading, a decline of 23% from the average session volume of 103,328,797 shares. The stock had previously closed at $145.47.

SPCX has been the topic of several other research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a research note on Tuesday. Cantor Fitzgerald restated an “overweight” rating and issued a $246.00 price target on shares of SpaceX in a report on Wednesday, August 5th. Weiss Ratings initiated coverage on SpaceX in a research report on Tuesday, September 1st. They set a “sell (d)” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $235.00 price objective on shares of SpaceX in a research report on Monday. Finally, UBS Group reissued a “buy” rating on shares of SpaceX in a research note on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seven have assigned a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat.com, SpaceX presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.68.

Check Out Our Latest Report on SpaceX

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction dated 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 sale, 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 document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: Starship reached orbit for the first time and deployed 26 next-generation Starlink satellites. The milestone could eventually enable much larger and more economical satellite launches, supporting Starlink’s capacity expansion and long-term revenue potential. SpaceX set to launch Google AI chips into orbit
Positive Sentiment: SpaceX has a busy launch schedule, including a mission carrying Google tensor processing units on Planet Labs satellites. The flight will test Alphabet’s Project Suncatcher concept for space-based AI computing, reinforcing SpaceX’s potential role in emerging orbital data-center infrastructure. Why SpaceX stock is trending higher
Positive Sentiment: AI-related growth expectations remain a major bullish theme. Reports cite Anthropic’s potential $84.5 billion compute commitment through 2029, while UBS expects third-quarter revenue and adjusted EBITDA above consensus as AI, Starlink and commercial launches expand. SpaceX AI deals drive UBS revenue forecast above consensus
Positive Sentiment: Analyst support is improving. TD Cowen upgraded SpaceX to Strong Buy, while Needham maintained a $250 target and Citi argued that Starship could materially increase the company’s long-term valuation if launch cadence and reuse improve.
Neutral Sentiment: The Starship achievement remains incomplete. Engine problems forced an early return, and analysts say the larger commercial breakthrough depends on reliable recovery and rapid reuse. These are important execution hurdles before projected launch economics can be validated. Starship reached orbit but returned early
Negative Sentiment: Valuation and profitability remain concerns. Commentary describes SpaceX as a hype-driven, money-losing investment with fundamentals that may not yet justify its roughly $2 trillion valuation. Rising short interest and comparisons showing weak post-IPO returns could limit further gains.

Institutional Investors Weigh In On SpaceX

Hedge funds and other institutional investors have recently bought and sold shares of the company. Syntax Research Inc. bought a new stake in SpaceX in the 2nd quarter valued at approximately $26,000. Atwood & Palmer Inc. acquired a new stake in shares of SpaceX in the second quarter valued at approximately $29,000. PayPay Securities Corp acquired a new stake in shares of SpaceX in the second quarter valued at approximately $30,000. Marquette Asset Management LLC bought a new stake in shares of SpaceX in the second quarter worth $32,000. Finally, Community Bank N.A. acquired a new position in SpaceX during the second quarter worth $38,000.

SpaceX Stock Up 0.7%

The firm has a market cap of $2.00 trillion and a price-to-earnings ratio of -1,685.80. The business has a fifty day simple moving average of $138.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12.

SpaceX (NASDAQ:SPCX – Get Free Report) last issued its quarterly 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 business had revenue of $7.81 billion during the quarter. The company’s revenue for the quarter was up 91.9% compared to the same quarter last year. On average, equities research analysts forecast that SpaceX will post -0.15 EPS for the current fiscal year.

SpaceX Company Profile

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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.