JP Morgan Raises SPCX Price Target to $500
Key Points
- JP Morgan reiterated its Overweight rating on Space Exploration Technologies Corp. on October 21, 2026, while lifting its price target from $240.00 to $500.00.
- JP Morgan's $500 price target implies 213.93% upside from Space Exploration Technologies Corp.'s ($SPCX) current $159.27 share price.
- The space company trades around $158.15, sitting above its 50-day and 200-day moving averages.
- Major institutions hold large stakes in the aerospace firm, including Alphabet Inc. with 551,189,500 shares.
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JP Morgan reiterated its Overweight rating on Space Exploration Technologies Corp. (NasdaqGS: SPCX) on October 21, 2026, while significantly raising its price target from $240.00 to $500.00.
SPCX
Space Exploration Technologies Corp.
JP Morgan vs. the S&P 500
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JP Morgan's Call on Space Exploration Technologies Corp.
In its research note on October 21, 2026, JP Morgan maintained its Overweight rating on the aerospace firm and pushed its target up to $500.00 from $240.00. The firm joins a wave of updates from Wall Street desks evaluating the company's prospects.
Other Institutional Activity in Space Exploration Technologies Corp.
Large funds maintain substantial stakes in the rocket maker. Alphabet Inc. grew its holdings by 275,594,750 shares, ending with 551,189,500 shares worth about $87,126,528,302.0. Valor Management LLC grew its holdings by 251,707,265 shares, ending with 503,414,530 shares worth about $79,574,738,444.0. Vy Capital Management Co. Ltd. grew its holdings by 135,905,750 shares, ending with 271,811,500 shares worth about $42,965,245,795.0. Gigafund Management Company, LLC grew its holdings by 85,913,372 shares, ending with 171,826,745 shares worth about $27,160,654,840.0. Public Investment Fund grew its holdings by 77,073,418 shares, ending with 154,146,835 shares worth about $24,365,991,337.0.
Space Exploration Technologies Corp. Stock Up 9.1%
The stock recently traded around $158.15 as of October 21, 2026, up about 6.9% since closing at $147.96 on October 19, 2026.
$SPCX price target
Space Exploration Technologies Corp. daily closes and this analyst's $500 target. Not advice.
Recent Earnings
Space Exploration Technologies Corp. posted trailing-twelve-month revenue of $23,043,999,744.0 alongside an earnings per share loss of $1.1.
Insider Buying and Selling at Space Exploration Technologies Corp.
Chief Executive Officer Elon Reeve Musk sold 11,390 shares on April 2, 2026, for a total value of $1,199,572.0 at $105.32 per share. President Gwynne E Shotwell sold 342,170 shares on September 22, 2026, for a total value of $52,546,493.0.
Analysts Set New Price Targets
On October 21, 2026, Macquarie maintained an Outperform rating with a $250.00 price target. On the same day, Barclays maintained an Overweight rating and raised its target from $254.00 to $300.00. Evercore ISI Group maintained an Outperform rating on October 21, 2026, lifting its target from $275.00 to $300.00. Wells Fargo also maintained an Overweight rating on October 21, 2026, boosting its target from $214.00 to $274.00. Overall, the stock holds a consensus buy rating across 31 analyst opinions with a mean target price of $222.71.
About Space Exploration Technologies Corp.
Space Exploration Technologies Corp. builds reusable rockets and operates satellite-based broadband services globally, dividing its business into space, connectivity, and artificial intelligence segments.
Bottom Line
JP Morgan's raised target to $500.00 highlights strong confidence in the firm's long-term growth trajectory across satellite broadband and launch services. Investors will monitor upcoming earnings reports to track revenue expansion and profitability milestones.
Related Filing Alerts
Source: JP Morgan's rating change on $SPCX (Oct 21, 2026). Written by software, not financial advice. How we make alerts