SpaceX (NASDAQ:SPCX) Coverage Initiated at Cfra

Analysts at Cfra assumed coverage on shares of SpaceX (NASDAQ:SPCX) in a note issued to investors on Friday,Benzinga reports. The brokerage set a “sell” rating and a $115.00 price target on the stock. Cfra’s price target would suggest a potential downside of 30.84% from the stock’s current price.

A number of other research firms have also recently issued reports on SPCX. New Street Research set a $165.00 price objective on shares of SpaceX in a research report on Wednesday. Wolfe Research began coverage on shares of SpaceX in a research report on Friday. They set an “outperform” rating and a $175.00 price objective on the stock. KGI Securities began coverage on shares of SpaceX in a research report on Thursday. They set an “outperform” rating on the stock. Finally, Oppenheimer set a $190.00 price objective on shares of SpaceX and gave the stock an “outperform” rating in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, SpaceX has an average rating of “Moderate Buy” and a consensus price target of $161.25.

SpaceX Trading Up 10.9%

SpaceX stock traded up $16.28 during trading hours on Friday, reaching $166.28. 236,610,395 shares of the company’s stock were exchanged. SpaceX has a twelve month low of $135.00 and a twelve month high of $168.75.

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

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s blockbuster IPO has been priced at $135 per share and is attracting heavy demand, with some traders expecting a strong first-day pop. After record IPO, Musk’s SpaceX faces next test in market debut
• Positive Sentiment: Oppenheimer and other analysts have started coverage with bullish calls, arguing that SpaceX has meaningful upside if Starlink and Starship deliver. Oppenheimer launches Wall Street’s first coverage of SpaceX with bullish outlook
• Positive Sentiment: Investor appetite is spilling into other space-related names, signaling broad sector enthusiasm around SpaceX’s debut. RKLB, SPCE, and Others: Space Stocks Rally as Investors Cheer Historic SpaceX IPO
• Neutral Sentiment: SpaceX’s debut is also being framed as a major event for markets overall, with futures and indexes moving on both IPO excitement and unrelated macro headlines like Iran peace-deal hopes. Stock Market News Today, 6/12/26 – Futures Climb on U.S.-Iran Peace Optimism, SpaceX IPO Looms
• Negative Sentiment: Some investors are questioning whether SpaceX’s roughly $1.77 trillion valuation is too rich, which could limit upside after the initial pop fades. Is SpaceX worth $1.77 trillion? It’s a pie in the sky, some investors say.

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.