SpaceX (NASDAQ:SPCX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

SpaceX (NASDAQ:SPCX) has received an average rating of “Moderate Buy” from the fifteen brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $212.6667.

Several research analysts have recently commented on the company. Zacks Research raised SpaceX to a “hold” rating in a report on Monday, June 15th. KGI Securities lowered shares of SpaceX from an “outperform” rating to a “hold” rating in a report on Monday. Barclays raised shares of SpaceX from an “underweight” rating to an “overweight” rating in a report on Monday. New Street Research raised shares of SpaceX to a “strong-buy” rating in a report on Thursday, June 11th. Finally, Cfra initiated coverage on shares of SpaceX in a report on Friday, June 12th. They issued a “sell” rating and a $115.00 price target for the company.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Cathie Wood’s ARK Invest reportedly bought more SpaceX shares during the sell-off, signaling that some large investors still see long-term upside in the company’s AI and space ambitions. Article Title
• Positive Sentiment: SpaceX signed a $6.3 billion compute deal with Reflection AI, which adds a new revenue stream and reinforces the company’s push into AI infrastructure. Article Title
• Neutral Sentiment: SpaceX’s stock remains extremely volatile after its blockbuster IPO, with traders reacting to big moves in both the shares and the derivatives market. Article Title
• Negative Sentiment: The biggest driver of the sell-off is SpaceX’s plan to raise at least $20 billion in senior unsecured notes so soon after its IPO, which raised concerns about dilution, leverage, and the need to refinance debt rather than fund pure growth. Article Title
• Negative Sentiment: Analysts and commentators are warning that SpaceX’s valuation may be too rich, especially as it expands into AI/data centers and faces questions about future margins, lockup expirations, and possible insider selling. Article Title

Insider Buying and Selling at SpaceX

In related news, CEO Elon Musk sold 11,390 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 526,165,900 shares of the company’s stock, valued at $55,415,792,588. This trade represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

SpaceX Stock Performance

Shares of SPCX opened at $156.11 on Wednesday. SpaceX has a one year low of $147.11 and a one year high of $225.64.

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

About SpaceX

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.