Cantor Fitzgerald Raises SPCX Price Target to $345
Key Points
- Cantor Fitzgerald reaffirmed its Overweight rating on Space Exploration Technologies Corp. (SPCX) on October 21, 2026, lifting its price target to $345.00 from $246.00.
- Cantor Fitzgerald's $345 price target implies 133.20% upside from Space Exploration Technologies Corp.'s ($SPCX) current $147.94 share price.
- Space Exploration Technologies Corp. recently traded around $147.94, sitting below its 50-day moving average and about 33.6% below the average analyst target.
- Other Wall Street research firms including Macquarie and Needham also issued updates on the stock on October 21, 2026, as part of broader coverage from 31 analysts.
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On October 21, 2026, Cantor Fitzgerald maintained its Overweight rating on Space Exploration Technologies Corp. (SPCX) while raising its price target on the stock. According to the research note, the firm bumped its target up to $345.00 from $246.00.
SPCX
Space Exploration Technologies Corp.
Cantor Fitzgerald vs. the S&P 500
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Other Institutional Activity in Space Exploration Technologies Corp.
Institutional investors have been adjusting their positions in the aerospace company. Tema Etfs grew its holdings by 376,475 shares, ending with 563,977 shares worth about $85,081,570.0. Accurate Wealth Management boosted its position by 5,214 shares, or 89.66466036113499%, ending with 11,029 shares valued at about $1,727,324.0. Meanwhile, newer positions appeared as Aspiriant opened a stake with 6,590 shares worth about $994,167.0, Frank, Rimerman Advisors picked up 12,273 shares valued at roughly $1,851,504.0, and Financial Synergies Wealth Advisors added 4,336 shares worth about $654,075.0.
Space Exploration Technologies Corp. Stock Up 1.3%
Space Exploration Technologies Corp. recently traded around $147.94 on October 21, 2026, sitting roughly even with its closing price of $147.79 on October 20, 2026. The stock trades below its 50-day moving average of $148.44 and above its 200-day moving average of $145.64. Its shares have moved between a 52-week low of $104.83 and a 52-week high of $225.64.
$SPCX price target
Space Exploration Technologies Corp. daily closes and this analyst's $345 target. Not advice.
Recent Earnings
For its trailing twelve months, Space Exploration Technologies Corp. reported $23,043,997,44.0 in revenue alongside a trailing earnings per share of -$1.1. The company has a net margin of -35.7% and experienced a year-over-year revenue growth rate of 91.9%.
Insider Buying and Selling at Space Exploration Technologies Corp.
Company insiders have traded shares in recent months. Chief Executive Officer Elon Reeve Musk sold 11,390 shares on April 2, 2026, at a price of $105.32 for a total value of $1,199,572.0. Later, President Gwynne E Shotwell disposed of 342,170 shares on September 22, 2026, valued at $52,546,493.0.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock around the same time. On October 16, 2026, Evercore ISI Group maintained its Outperform rating while raising its price target to $275.00 from $230.00. Macquarie maintained an Outperform rating with a $250.00 price target on October 20, 2026, and reiterated that stance on October 21, 2026. Needham also reaffirmed its Buy rating with a $250.00 price target on October 21, 2026. Overall, the company carries a consensus buy recommendation from 31 analysts, with a mean price target of $222.71.
About Space Exploration Technologies Corp.
Headquartered in Starbase, Texas, Space Exploration Technologies Corp. operates in the aerospace and defense sector, focusing on satellite broadband services and reusable rocket manufacturing. With 21,000 employees, the company handles launches and connectivity infrastructure across international markets.
Bottom Line
Cantor Fitzgerald's higher price target reflects growing optimism from the firm even as the wider analyst community maintains a blend of ratings. Investors will watch upcoming filing reports and earnings updates to gauge how the company's space and connectivity segments perform against expectations.
Related Filing Alerts
Source: Cantor Fitzgerald's rating change on $SPCX (Oct 21, 2026). Written by software, not financial advice. How we make alerts