SpaceX (NASDAQ:SPCX) Shares Up 4.8% Following Analyst Upgrade

Shares of SpaceX (NASDAQ:SPCX) shot up 4.8% on Tuesday after Oppenheimer raised their price target on the stock from $190.00 to $250.00. Oppenheimer currently has an outperform rating on the stock. SpaceX traded as high as $225.64 and last traded at $201.80. Approximately 316,238,424 shares changed hands during mid-day trading, an increase of 13% from the average daily volume of 278,894,938 shares. The stock had previously closed at $192.50.

Several other research analysts have also recently weighed in on the stock. New Street Research upgraded shares of SpaceX to a “strong-buy” rating in a report on Thursday, June 11th. Cfra initiated coverage on shares of SpaceX in a research report on Friday, June 12th. They set a “sell” rating and a $115.00 target price on the stock. Arete Research set a $401.00 target price on SpaceX and gave the stock a “buy” rating in a research note on Thursday. Wolfe Research initiated coverage on SpaceX in a research report on Friday, June 12th. They set an “outperform” rating and a $175.00 price target for the company. Finally, Zacks Research upgraded SpaceX to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $221.20.

Insider Transactions at SpaceX

In other SpaceX news, CEO Elon Musk sold 11,390 shares of SpaceX stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $105.32, for a total value of $1,199,594.80. Following the sale, the chief executive officer owned 526,165,900 shares of the company’s stock, valued at approximately $55,415,792,588. The trade was a 0.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX received investment-grade credit ratings from Moody’s, Fitch, and S&P Global with stable outlooks, which supports the company’s ability to raise capital on favorable terms and signals stronger financial credibility. SpaceX gets investment-grade ratings with stable outlook from top agencies
• Positive Sentiment: Several index and ETF inclusion stories suggest passive funds may soon be forced to buy SpaceX, creating additional demand for shares over the coming weeks. Index Investors: Here’s How Much SpaceX Stock You’re About to Own
• Positive Sentiment: Analyst coverage remains split but includes aggressive upside calls, with some price targets implying significant long-term appreciation if SpaceX executes on AI, Starlink, and launch growth. SpaceX Stock Price Forecast — Analyst Sets Street-High Target, Sees 100%+ Upside
• Neutral Sentiment: SpaceX’s public debut continues to drive heavy ETF, options, and tokenized-share activity, keeping the stock highly liquid but also extremely volatile. SpaceX’s ETF Takeover Begins: From Value Funds To Thematic ETFs, SPCX Is Suddenly Everywhere
• Neutral Sentiment: Commentary around major index additions and new ETF products may help broaden ownership, but it also reinforces that a lot of the current move is driven by momentum and retail enthusiasm. Space ETFs: How SpaceX Is Reshaping the Theme
• Negative Sentiment: Reuters and other reports say SpaceX is preparing a potential $20 billion bond sale, which raises concerns that the company may need substantial financing to support its AI expansion and other ambitious plans. SpaceX bankers prepare for potential $20 billion bond offering, source says
• Negative Sentiment: The stock is also seeing profit-taking after its explosive IPO run, with multiple reports noting that enthusiasm may be fading as investors reassess the company’s very rich valuation. SpaceX shares tumble as post-IPO frenzy loses steam

SpaceX Stock Down 3.6%

SpaceX (NASDAQ:SPCX) last released its earnings results on Thursday, May 7th. The company reported ($1.27) earnings per share (EPS) for the quarter. The business had revenue of $4.69 billion during the quarter.

SpaceX Company Profile

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.