SpaceX stock gains 1.21 percent as analysts keep USD 300 target
Published on 10/06/2026 at 18:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
SpaceX stock (ISIN US84615Q1031) was trading at USD 173.16 on Nasdaq on October 6, 2026, up 1.21 percent from the prior close of USD 171.09. The latest move follows Morgan Stanley's October 5, 2026, reiteration of an Overweight rating and a USD 300 price target, according to Yahoo Finance.
USD 300 target meets a rich valuation
Morgan Stanley analyst Adam Jonas described SpaceX as cheap on a growth-adjusted basis while maintaining the USD 300 target. At the October 6 price, that target lies 73.2 percent above the price, a gap that places future Starlink, AI and Starship execution at the center of the valuation debate.
The analyst also identified Starship Flight 15, third-quarter earnings and additional AI contracts as events that could influence expectations, according to Yahoo Finance. The same report listed slower Starship progress, lower AI monetization, higher compute costs and regulatory delays as valuation risks.
Revenue grows while losses remain
SpaceX reported USD 7.814 billion in second-quarter revenue for the period ended June 30, 2026, up 92 percent from USD 4.071 billion a year earlier, according to FindArticles. The company posted a USD 541 million GAAP net loss, narrower than the USD 1.008 billion loss in the comparable quarter.
The quarter also showed the cost of expansion. Capital expenditures reached USD 18.369 billion, more than twice quarterly revenue, while USD 15.828 billion was assigned to AI investment in the company release cited by FindArticles. That spending supports growth plans but also keeps profitability central to the next earnings discussion.
Consensus stays above the market
MarketBeat reported on September 25, 2026, that 43 ratings firms held a Moderate Buy consensus, including 26 Buy, two Strong Buy, eight Hold and seven Sell ratings. Its average 12-month price target was USD 218.28, placing the consensus target 26.1 percent above the October 6 price, according to MarketBeat. The spread between the market price and published targets leaves execution results as the key test for the bullish view.
SpaceX stock holds above USD 170
On October 6, 2026, SpaceX stock traded between USD 172.00 and USD 176.42, with volume of 64,886,994 shares. Its USD 2.3 trillion market capitalization and USD 104.83 to USD 225.64 52-week range show both the scale of the listing and the distance to its yearly high.
SpaceX stock key data
- Company: Space Exploration Technologies Corp.
- ISIN: US84615Q1031
- Ticker: SPCX
- Trading venue: Nasdaq
- Price (as of October 6, 2026, 12:09 p.m. ET): USD 173.16
- Market capitalization: USD 2.3 trillion (as of October 6, 2026)
- 52-week range: USD 104.83-225.64 (as of October 6, 2026)
- Sector / Industry: Wireless Telecommunications Services
