Macquarie Rates Space Exploration Technologies (SPCX) Outperform

On October 21, 2026, Macquarie maintained its Outperform rating on Space Exploration Technologies Corp. NasdaqGS SPCX with a price target of $250.00. According to research notes, the firm kept its stance unchanged from its previous target of $250.00.

SPCX Space Exploration Technologies Corp.

$147.96 ▲ +19.33% past 3 months

1M 3M

Daily close · Oct 19, 2026

Macquarie's Call on Space Exploration Technologies Corp.

Macquarie kept its upbeat view on the aerospace firm on October 21, 2026, leaving its target price at $250.00. The reiterate call follows earlier research updates from other major institutions tracking the company. The firm's target sits well above where the shares have recently traded.

Other Institutional Activity in Space Exploration Technologies Corp.

Other fund managers have actively adjusted their holdings in the aerospace company. Accurate Wealth Management grew its holdings by 5,214.0 shares, ending with 11,029.0 shares worth about $1,727,324.0. Tema Etfs lifted its stake by 376,475.0 shares to 563,977.0 shares valued at $85,081,570.0. Financial Synergies Wealth Advisors opened a new position with 4,336.0 shares worth about $654,075.0. Aspiriant initiated a holding of 6,590.0 shares valued at $994,167.0. Frank, Rimerman Advisors added a stake of 12,273.0 shares worth about $1,851,504.0.

Space Exploration Technologies Corp. Stock Up 1.3%

Shares recently traded around $147.94 as of October 21, 2026, up about 0.1% from the previous close of $147.79 on October 20, 2026. The stock sits below its 52-week high of $225.64 and well above its 52-week low of $104.83.

Recent Earnings

For the trailing twelve months, the company reported revenue of $23,043,997,440.0 with a year-over-year revenue growth rate of 91.9%. The firm posted a net margin of -35.7% and trailing earnings per share of -$1.1.

Insider Buying and Selling at Space Exploration Technologies Corp.

Company insiders have completed notable transactions over recent months. Chief Executive Officer Elon Reeve Musk sold 11,390.0 shares at a price of $105.32 on April 2, 2026, for a total value of $1,199,572.0. President Gwynne E Shotwell sold 342,170.0 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 an Outperform rating and raised its target from $230.0 to $275.0. On October 21, 2026, Cantor Fitzgerald kept its Overweight rating while lifting its target from $246.0 to $345.0. Needham also maintained a Buy rating with a $250.0 target on October 21, 2026. Across the wider analyst community, the stock holds a consensus buy recommendation from 31 analysts with a mean price target of $222.71.

About Space Exploration Technologies Corp.

Space Exploration Technologies Corp. designs, manufactures, and launches reusable rockets, while also providing satellite-based broadband services across international markets. The firm operates through its Space, Connectivity, and AI segments, giving investors exposure to the growing commercial space and satellite internet sectors.

Bottom Line

Investors continue to monitor how market pricing aligns with rising institutional price targets. Future filings and earnings reports will provide further clarity on operational progress in the space and connectivity segments.