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

01 Oct 2026, 15:56 by Sarita Garza · The Markets Daily

SpaceX (NASDAQ:SPCX – Get Free Report)’s stock price shot up 2.6% during mid-day trading on Tuesday after TD Cowen upgraded the stock to a strong-buy rating. The stock 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 daily volume of 103,328,797 shares. The stock had previously closed at $145.47.

Several other research firms have also recently weighed in on SPCX. Evercore started coverage on shares of SpaceX in a research note on Tuesday, July 14th. They issued an “outperform” rating and a $230.00 target price for the company. Royal Bank Of Canada restated an “outperform” rating on shares of SpaceX in a research note on Monday. William Blair reiterated an “outperform” rating on shares of SpaceX in a research report on Friday, September 11th. Phillip Securities raised SpaceX to a “strong sell” rating and set a $75.00 price objective on the stock in a report on Friday, July 31st. Finally, Wedbush initiated coverage on SpaceX in a research report on Tuesday, June 30th. They set an “outperform” rating and a $190.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seven have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $218.68.

Read Our Latest Stock Report on SPCX

Insiders Place Their Bets

In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were 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 owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX News Summary

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.

Hedge Funds Weigh In On SpaceX

A number of hedge funds have recently modified their holdings of the stock. Syntax Research Inc. bought a new position in shares of SpaceX during the 2nd quarter worth approximately $26,000. Atwood & Palmer Inc. acquired a new position in SpaceX during the second quarter worth $29,000. PayPay Securities Corp acquired a new position in SpaceX during the second quarter worth $30,000. Marquette Asset Management LLC bought a new position in shares of SpaceX during the second quarter valued at $32,000. Finally, Community Bank N.A. acquired a new stake in shares of SpaceX in the 2nd quarter valued at $38,000.

SpaceX Trading Up 1.0%

The stock has a market capitalization of $2.01 trillion and a price-to-earnings ratio of -1,692.16. 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 company has a fifty day moving average price of $138.15.

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

About SpaceX

(Get Free Report)

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.