Evercore ISI Group Raises SPCX Price Target to $300

Evercore ISI's Call on Space Exploration Technologies Corp.

On October 21, 2026, Evercore ISI Group reiterated its Outperform rating on Space Exploration Technologies Corp. (NasdaqGS: SPCX) while raising its price target from $275.00 to $300.00. The firm remains positive on the aerospace company's long-term outlook, adjusting its target upward to reflect confidence in the business.

SPCX Space Exploration Technologies Corp.

$147.96 ▲ +19.33% past 3 months

1M 3M

Daily close · Oct 19, 2026

Other Institutional Activity in Space Exploration Technologies Corp.

Accurate Wealth Management grew its holdings by 5,214 shares, ending with 11,029 shares worth about $1,727,324.00. Alphabet Inc. held 551,189,500 shares valued at $89,788,766,185.00 after adding 275,594,750 shares. Valor Management LLC increased its stake by 251,707,265 shares to 503,414,530 shares worth roughly $82,006,223,864.00. Vy Capital Management Co. Ltd. added 135,905,750 shares, bringing its total to 271,811,500 shares valued at about $44,278,091,690.00. Gigafund Management Company, LLC grew its position by 85,913,372 shares to 171,826,745 shares worth roughly $27,990,575,711.00.

Space Exploration Technologies Corp. Stock Up 10.4%

Space Exploration Technologies Corp. shares recently traded around $161.28 as of October 21, 2026, down about 1.0% from an event-day close of $162.90.

Recent Earnings

Space Exploration Technologies Corp. reported trailing twelve month revenue of $23,043,997,744.00 alongside a negative basic earnings per share of $1.10.

Insider Buying and Selling at Space Exploration Technologies Corp.

CEO Elon Reeve Musk sold 11,390 shares at a price of $105.32 on April 2, 2026, totaling $1,199,572.00. President Gwynne E Shotwell sold 342,170 shares on September 22, 2026, for a total value of $52,546,493.00.

Analysts Set New Price Targets

Several other firms updated their views on October 21, 2026. Macquarie maintained its Outperform rating with a price target of $250.00. Wells Fargo maintained an Overweight rating and raised its target from $214.00 to $274.00. Keybanc reiterated a Sector Weight rating without setting a price target. Susquehanna maintained a Neutral rating while lifting its target from $173.00 to $176.00. The stock holds a consensus buy recommendation from 31 analyst opinions with a mean price target of $222.71.

About Space Exploration Technologies Corp.

Space Exploration Technologies Corp. designs, manufactures, and launches reusable rockets while providing satellite-based broadband services globally. It operates through Space, Connectivity, and AI business units, supporting modern communication and aerospace infrastructure.

Bottom Line

Evercore ISI's target increase highlights continued optimism among Wall Street analysts covering the company. Investors should monitor upcoming earnings reports and further analyst updates to gauge sentiment shifts.