Macquarie Rates Space Exploration Technologies (SPCX) Outperform
Key Points
- Macquarie maintained its Outperform rating and $250.00 price target on Space Exploration Technologies Corp. on October 20, 2026.
- Macquarie's $250 price target implies 68.99% upside from Space Exploration Technologies Corp.'s ($SPCX) current $147.94 share price.
- Shares of SPCX recently traded at $147.94, resting about 34.4% below their 52-week high of $225.64.
- Other institutional investors have adjusted positions recently, with Tema Etfs growing its stake to 563,977 shares.
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On October 20, 2026, Macquarie maintained its Outperform rating on Space Exploration Technologies Corp. (NasdaqGS: SPCX), keeping its price target steady at $250.00. Research notes from financial firms offer forward-looking views on how a company might perform based on current market dynamics and business segments.
Macquarie's decision leaves its prior target unchanged at $250.00. The firm continues to back the aerospace and defense company as shares trade near the middle of their yearly range.
SPCX
Space Exploration Technologies Corp.
Macquarie vs. the S&P 500
Hypothetical returns from Macquarie's disclosed trades, not real profit or advice. How we model this.
Other Institutional Activity in Space Exploration Technologies Corp.
Institutional investors have been active in SPCX shares through recent filing periods. B. Riley Wealth Advisors grew its holdings by 22,702 shares, ending with 27,615 shares worth about $4,166,039. Tema Etfs grew its holdings by 376,475 shares, ending with 563,977 shares worth about $85,081,570. Financial Synergies Wealth Advisors acquired a position of 4,336 shares valued at about $654,075. Aspiriant opened a new position with 6,590 shares valued at about $994,167. Frank, Rimerman Advisors also took a stake, ending with 12,273 shares valued at about $1,851,504.
Space Exploration Technologies Corp. Stock Up 1.3%
Space Exploration Technologies Corp. shares recently traded around $147.94 on October 20, 2026, compared to an event close of $147.79 on the same day. The recent price sits about 0.3% below its 50-day moving average of $148.44 and about 1.6% above its 200-day moving average of $145.64. Over the past year, the stock has moved between a low of $104.83 and a high of $225.64. The company carries a market capitalization of roughly $1.95 trillion and a forward P/E ratio of 72.34.
$SPCX price target
Space Exploration Technologies Corp. daily closes and this analyst's $250 target. Not advice.
Recent Earnings
Space Exploration Technologies Corp. generated $23.04 billion in trailing-twelve-month revenue with a net profit margin of -35.7% and an EPS of -$1.10.
Insider Buying and Selling at Space Exploration Technologies Corp.
Company insiders have transacted in shares ahead of the event, including CEO Elon Reeve Musk and President Gwynne E Shotwell.
Analysts Set New Price Targets
Wall Street firms have updated their outlooks on the stock, with Susquehanna, Barclays, TD Cowen, and Evercore ISI Group issuing ratings and targets ahead of Macquarie's update.
About Space Exploration Technologies Corp.
Headquartered in Starbase, Texas, Space Exploration Technologies Corp. builds reusable rockets and provides satellite-based broadband services. It operates across three main areas: Space, Connectivity, and AI. The company plays a central role in modern aerospace and commercial satellite communications.
Bottom Line
Investors are keeping an eye on how upcoming financial reports and institutional filing updates affect SPCX stock. Market participants will monitor further research notes from Wall Street analysts as shares trade below consensus price targets.
Related Filing Alerts
Source: Macquarie's rating change on $SPCX (Oct 20, 2026). Written by software, not financial advice. How we make alerts