Space Exploration Technologies Corp. aka SpaceX remains a Buy as Starship's first orbital launch validates the company's disruptive potential and long-term thesis. Starship delivered 26 Starlink V3 satellites (adding ~26 Tbps in capacity), proving its commercial viability and enabling Starlink to fund further growth. Valuation at ~$145/share (~21x 2027E revenue) is demanding but justified by Starship's impact on Starlink and future orbital compute segments.
Even though Space Exploration Technologies Corp. (NASDAQ: SPCX) stock has plummeted by more than 33% since its post-IPO (initial public offering) peak through September 30, 2026, Ryan Koontz, a Wall Street analyst at Needham, expects a rally towards a new all-time high (ATH) over the next 12 months.
The SpaceX (NASDAQ: SPCX) stock rally is likely to continue but not significantly accelerate by the end of next month, based on the analysis conducted by a variety of advanced artificial intelligence (AI) models Finbold consulted on Wednesday, September 30.
While the SpaceX (NASDAQ: SPCX) stock rally saw a significant slowdown in September, short volume has continued accumulating and finally reached a two-week high on the penultimate day of the month.
The recent Starship launch helps SpaceX with a number of priorities that could help its stock reach $900 over the long run, an analyst says.
When Starship splashed down in the Pacific Ocean and caught fire, headlines focused on the hardware loss. For investors analyzing SpaceX NASDAQ: SPCX, the actual story unfolded quietly in orbit.
TD Cowen analyst John Blackledge launches coverage of SpaceX stock with a Buy rating and $200 price target.
As SpaceX (NASDAQ: SPCX) was undertaking its successful Starship Flight 14 rocket test on Monday, September 28, Wall Street made itself busy revising its ratings and price targets for the firm's equity.
SpaceX Corp (NASDAQ:SPCX)'s Starship reached orbit for the first time on Monday despite an unexpected engine shutdown, deploying 26 Starlink V3 satellites during a shortened mission. One of Starship's three main Raptor engines shut down upon reaching space, prompting SpaceX spokesperson Dan Huot to tell livestream viewers the craft would not reach orbit.
SpaceX's Starship rocket reached Earth orbit for the first time — though not without some drama along the way.
The company is getting closer to making the rocket fully reusable.
SpaceX is preparing for liftoff on its most important Starship launch yet. The 400-foot-tall megarocket will attempt to reach orbit and deploy Starlink satellites for the first time.