Morgan Stanley Begins Coverage on SpaceX (NASDAQ:SPCX)

Analysts at Morgan Stanley assumed coverage on shares of SpaceX (NASDAQ:SPCX) in a research report issued on Tuesday,Benzinga reports. The brokerage set an “overweight” rating and a $300.00 price target on the stock. Morgan Stanley’s price target indicates a potential upside of 87.01% from the stock’s current price.

A number of other equities research analysts have also issued reports on SPCX. Daiwa Securities Group began coverage on shares of SpaceX in a report on Thursday, July 2nd. They set a “neutral” rating and a $175.00 target price on the stock. Raymond James Financial started coverage on SpaceX in a research note on Tuesday. They set a “strong-buy” rating and a $800.00 target price for the company. Argus started coverage on SpaceX in a research report on Friday, June 26th. They set a “hold” rating for the company. Wedbush assumed coverage on shares of SpaceX in a research report on Tuesday, June 30th. They set an “outperform” rating and a $190.00 price objective for the company. Finally, Zacks Research raised SpaceX to a “hold” rating in a research report on Monday, June 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $240.52.

SpaceX Stock Down 1.0%

NASDAQ:SPCX opened at $160.42 on Tuesday. SpaceX has a fifty-two week low of $147.11 and a fifty-two week high of $225.64.

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

Institutional Investors Weigh In On SpaceX

A number of large investors have recently added to or reduced their stakes in SPCX. Burkett Financial Services LLC acquired a new stake in shares of SpaceX during the second quarter valued at $70,000. Dogwood Wealth Management LLC acquired a new position in SpaceX during the second quarter worth approximately $139,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of SpaceX in the 2nd quarter valued at $566,000.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX is set to join the Nasdaq-100, which should trigger forced buying from index funds and ETFs that track the benchmark. Several reports say this could create a meaningful short-term demand boost for SPCX shares. SpaceX set for Nasdaq-100 debut on Tuesday after rule change accelerates inclusion
• Positive Sentiment: Options activity and retail sentiment have been leaning bullish ahead of the index addition, with traders positioning for a possible pop around the inclusion date. Here’s how SpaceX’s Nasdaq-100 inclusion might affect options pricing
• Neutral Sentiment: SpaceX president Gwynne Shotwell said she will donate SpaceX stock to Trump Accounts for children, a headline that is more political and public-relations driven than a direct earnings catalyst. Gwynne Shotwell donating SpaceX stock to Trump Accounts for kids
• Neutral Sentiment: Articles highlighting SpaceX ownership, IPO history, and index-fund exposure mainly reinforce how widely held and closely watched the stock has become, but they do not change fundamentals by themselves. Here’s Who Owns the Most SpaceX Stock
• Neutral Sentiment: New AI-related coverage, including SpaceX’s orbital computing ambitions and xAI/SpaceXAI branding, supports the long-term growth narrative, but investors are also questioning whether the valuation has already priced in too much. SpaceX Unveils AI Data-Center Plan as It Deorbits Starlink Satellites
• Negative Sentiment: Some commentary is warning that SpaceX’s massive valuation and rapid rise may be unsustainable, and one report notes the stock has recently cooled off as space names broadly pulled back. SpaceX Blew Past $2 Trillion and Is Joining the Nasdaq-100. Rocket Ship or Bubble?
• Negative Sentiment: Bearish takes are also pointing to dilution and supply concerns, saying more shares could come into the market over time and pressure the stock after the initial index-related excitement fades. Only 4% of SpaceX Shares Trade Right Now. By December, That Number Could Be 40%. Here’s What That Supply Boost Means for Investors

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.