Wall Street remains overwhelmingly bullish on SpaceX (NASDAQ: SPCX) ahead of the company’s first earnings report as a publicly traded firm on August 4, 2026.
Since debuting in June at $135 per share with an initial valuation of about $1.8 trillion, SpaceX stock has come under pressure from staggered lock-up expirations that increased the public float. However, sentiment among analysts remains firmly positive.
By press time, SPCX was trading at $123, having gained more than 3% in the last session.
According to TipRanks data, SpaceX holds a ‘Strong Buy’ consensus among 29 analysts, with 23 ‘Buy’ ratings, five ‘Holds’, and one ‘Sell’. The average 12-month SpaceX stock price target stands at $243.81, implying nearly 97% upside from current levels.
The bullish outlook is underpinned by confidence in SpaceX’s Starlink, launch services, and artificial intelligence businesses. Investors are also closely monitoring the company’s roughly $60 billion acquisition of AI coding platform Cursor and progress on Starship.
Meanwhile, detailed consensus estimates remain limited as the upcoming report will mark SpaceX’s first public earnings release.
Analysts are expected to focus on revenue growth, Starlink subscriber additions, launch activity, profitability, cash flow, and AI-related investments.
Full-year 2026 revenue forecasts generally range between $34 billion and $43 billion, reflecting expectations for continued expansion across the company’s core businesses.
Analyst bullish on SpaceX stock price target
Among the latest analyst updates, Evercore ISI initiated coverage on July 17 with an ‘Outperform’ rating and a $230 price target. Analyst Kutgun Maral expects strong growth across launch services, Starlink, and AI infrastructure, with key catalysts including Starship payload deliveries, broadband expansion, and adoption of Grok and Cursor technologies.
Also on July 17, Bernstein analyst Douglas Harned reiterated an ‘Outperform’ rating and a $239 price target. While acknowledging China’s recent advances in rocket technology, the firm maintained that SpaceX retains a significant advantage in reusable launch systems and operational scale.
Piper Sandler initiated coverage with a ‘Neutral’ rating and a $156 price target, citing near-term headwinds including lock-up expirations, uncertainty surrounding a potential Tesla merger, and heavy capital spending on orbital AI data centers despite remaining constructive on the company’s long-term prospects.
Meanwhile, JPMorgan analyst Doug Anmuth maintained an ‘Overweight’ rating and a $225 price target on July 15. The bank highlighted the potential strategic benefits of a SpaceX-Tesla merger, particularly across artificial intelligence, robotics, transportation, energy, and space technologies, while noting potential regulatory and governance hurdles.
At the upper end of Wall Street forecasts, Raymond James maintained a Street-high $800 price target, reflecting expectations that SpaceX could become a critical infrastructure provider through its launch, satellite broadband, AI computing, and software businesses.
