UBS Raises SPCX Price Target to $230

UBS reiterated its Buy rating on Space Exploration Technologies Corp. (NasdaqGS: SPCX) on October 21, 2026, while lifting its price target from $210 to $230. The research note outlines a more optimistic view on the aerospace firm even as shares trade below the newly minted objective.

SPCX Space Exploration Technologies Corp.

$147.96 ▲ +19.33% past 3 months

1M 3M

Daily close · Oct 19, 2026

UBS's Call on Space Exploration Technologies Corp.

On October 21, 2026, UBS kept a Buy rating on Space Exploration Technologies Corp. and boosted its price target to $230 from $210. The updated target suggests the firm sees considerable room for the stock to climb from its recent levels.

Other Institutional Activity in Space Exploration Technologies Corp.

Major institutional players hold large positions in the aerospace company. Alphabet Inc. grew its holdings by 275,594,750 shares, ending with 551,189,500 shares worth about $87,809,997,899. Valor Management LLC grew its holdings by 251,707,265 shares, ending with 503,414,530 shares worth about $80,198,967,545. Vy Capital Management Co. Ltd. grew its holdings by 135,905,750 shares, ending with 271,811,500 shares worth about $43,302,289,401. Gigafund Management Company, LLC grew its holdings by 85,913,372 shares, ending with 171,826,745 shares worth about $27,373,718,326. Public Investment Fund grew its holdings by 77,073,418 shares, ending with 154,146,835 shares worth about $24,557,131,907.

Space Exploration Technologies Corp. Stock Up 9.1%

Space Exploration Technologies Corp. recently traded around $159.27 on October 21, 2026, with an event close of $159.31. The stock sits above its 50-day moving average of $148.44 and its 200-day moving average of $145.64.

Recent Earnings

Space Exploration Technologies Corp. operates with trailing-twelve-month revenue of $23.04 billion and negative earnings per share. The company posted a net profit margin of -35.7% alongside year-over-year revenue growth of 91.9%.

Insider Buying and Selling at Space Exploration Technologies Corp.

Company leaders executed notable stock transactions earlier in 2026. Chief Executive Officer Elon Reeve Musk sold 11,390 shares on April 2, 2026, valued at $1,199,572. Later, President Gwynne E Shotwell disposed of 342,170 shares on September 22, 2026, for a total value of $52,546,493.

Analysts Set New Price Targets

Wall Street firms updated their outlooks alongside UBS on October 21, 2026. Macquarie maintained an Outperform rating with a target of $250. Citigroup kept a Buy rating and moved its target up to $240 from $200. Barclays maintained an Overweight rating with a target of $300, while JP Morgan kept an Overweight rating and raised its target to $500. Across 31 analyst opinions, the stock currently carries a consensus buy rating and a mean price target of $222.71.

About Space Exploration Technologies Corp.

Space Exploration Technologies Corp. designs, builds, and launches reusable rockets, while also providing satellite-based broadband services globally through its space, connectivity, and artificial intelligence segments.

Bottom Line

Investors will continue monitoring how the stock performs relative to its $230 price target from UBS. Watch for upcoming earnings reports and future institutional filings to gauge broader market sentiment.