CLSA Initiates Coverage on SpaceX (NASDAQ:SPCX)

Investment analysts at CLSA initiated coverage on shares of SpaceX (NASDAQ:SPCX) in a research note issued to investors on Monday, Marketbeat reports. The firm set an “outperform” rating and a $250.00 price target on the stock. CLSA’s price target suggests a potential upside of 67.52% from the company’s current price.

Several other brokerages have also recently issued reports on SPCX. Needham & Company LLC restated a “buy” rating and issued a $250.00 target price on shares of SpaceX in a report on Wednesday, August 5th. Weiss Ratings began coverage on shares of SpaceX in a report on Tuesday, September 1st. They issued a “sell (d)” rating for the company. Royal Bank Of Canada cut shares of SpaceX from an “outperform” rating to a “hold” rating in a research report on Friday, August 7th. Wells Fargo & Company reduced their target price on shares of SpaceX from $215.00 to $212.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 8th. Finally, Roth Capital upgraded shares of SpaceX to a “buy” rating in a report on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seven have given a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, SpaceX presently has an average rating of “Moderate Buy” and a consensus price target of $218.68.

SpaceX Stock Up 2.6%

NASDAQ:SPCX opened at $149.24 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The company’s 50-day simple moving average is $137.43. The firm has a market cap of $1.97 trillion and a PE ratio of -1,658.22.

SpaceX (NASDAQ:SPCX) last issued its quarterly 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 during the quarter. The firm’s revenue for the quarter was up 91.9% on a year-over-year basis. Sell-side analysts expect that SpaceX will post -0.15 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction 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 approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of SpaceX

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

Key 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 reentry, the flight demonstrated progress toward deploying higher-capacity satellites. The milestone could support Starlink’s revenue growth and improve network economics as SpaceX adds capacity. SpaceX reached orbit and deployed 26 satellites
• Positive Sentiment: Analysts raised or reaffirmed bullish views. TD Cowen initiated coverage with a Buy rating and a $200 price target, UBS reiterated Buy with a $210 target, and CLSA assigned an Outperform rating with a $250 target. Analysts cited Starlink, commercial launches and AI-compute leasing as catalysts. TD Cowen SpaceX coverage
• Positive Sentiment: AI infrastructure is becoming a major part of the investment thesis. SpaceX plans to rent computing capacity to AI developers and use the proceeds to help fund orbital data centers. UBS expects third-quarter revenue of $13.8 billion—7% above consensus—with adjusted EBITDA of $7.5 billion, helped by AI deals and growth across its businesses. Reports also linked Anthropic to substantial future SpaceX compute commitments. UBS SpaceX revenue forecast
• Neutral Sentiment: SpaceX’s latest quarterly results showed revenue up 91.9% year over year to $7.81 billion, while its loss of $0.09 per share beat expectations. The strong growth supports the bullish narrative, but the company remains unprofitable on an earnings-per-share basis.
• Negative Sentiment: Execution and valuation risks remain substantial. The shortened Starship mission underscores that reliable reusability has not yet been proven, while the company’s roughly $2 trillion valuation leaves limited room for delays or weaker growth. President and COO Gwynne Shotwell’s reported planned sale of approximately $52 million in shares may also weigh on sentiment. SpaceX Starship investment risks

About SpaceX

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.