SpaceX (SPCX) stock is trading at $147.95, having climbed 18% over the past month. That move pushed it back above its IPO price of $135 after dipping as low as $104.83 during its short trading history.
Space Exploration Technologies Corp., SPCX
Of the 41 analysts covering the stock, the median 12-month price target sits at $216. That would represent a 46% gain from the September 4 closing price. The lowest target on record is $75, while the highest sits at $800, though most analysts view that upper figure as a longer-term possibility rather than a near-term one.
The average consensus target across all analysts is $221.20, with a “Moderate Buy” rating. Ratings break down as two Strong Buys, 25 Buys, eight Holds, and seven Sells.
SpaceX reported Q2 earnings on August 4. Revenue came in at $7.81 billion, up 91.9% year over year. The company posted earnings per share of -$0.09, beating the consensus estimate of -$0.26 by $0.17.
Despite the revenue beat, SpaceX is still unprofitable. Its net loss narrowed from $1 billion a year ago to $541 million in Q2 2026. Analysts expect full-year EPS of -$0.15.
The company spent $18.4 billion in one quarter, including $15.8 billion on AI infrastructure. That level of capital spending is a key concern for some analysts.
Bond Capital Management LP disclosed a new position of 1,057,120 SPCX shares worth approximately $180.6 million. That makes SpaceX its single largest holding at 59.2% of the portfolio.
Several smaller firms also opened positions in Q2, including Dynamic Advisor Solutions ($3.38 million), KERR Financial Planning ($566,000), Apella Capital ($452,000), Dogwood Wealth Management ($139,000), and Burkett Financial Services ($70,000).
SpaceX has struck data center compute deals with both Alphabet and Anthropic. Together, those contracts are estimated to generate $26 billion in annual revenue. For context, the company posted $18.7 billion in total revenue for all of 2025.
SpaceX is targeting a $26.5 trillion total addressable market in AI infrastructure and has plans to launch over 1 million orbital satellites to serve as data centers, with launches expected from 2028.
On the analyst front, JPMorgan initiated coverage in July with an “overweight” rating and a $225 price target. Wells Fargo maintained “overweight” but trimmed its target from $230 to $215. Sanford C. Bernstein reiterated “outperform” on August 31. Phillip Securities issued a “strong sell” on July 31, and Susquehanna downgraded from “neutral” to “underperform” on August 7.
The stock’s 50-day moving average is $136.15. Its 12-month range sits between $104.83 and $225.64. A potential Starship Test 14 launch in mid-September is on investors’ radar as a near-term catalyst.
The most immediate risk is the September 9 share unlock, which could increase supply and add selling pressure following the recent rally.
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