Barclays Rates Space Exploration Technologies (SPCX) Overweight

Barclays maintains its Overweight rating on Space Exploration Technologies Corp., setting a price target of $254, a 75.82% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 1:53 PM EDT

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Barclays rated Space Exploration Technologies Corp. ($SPCX) "Overweight" with a $254 price target on October 9, 2026.

Since the rating, $SPCX is down 10.2% after 1 week and down 10.2% to date (from the $162.57 close on Oct 9, 2026).

SPCX Space Exploration Technologies Corp.

$146.03 +11.38% past 3 months

Daily close · Oct 16, 2026

Key Points

On October 9, 2026, Barclays reiterated its Overweight rating on Space Exploration Technologies Corp. (SPCX) with a price target of $254.00.
Barclays's $254 price target implies 75.82% upside from Space Exploration Technologies Corp.'s ($SPCX) current $144.47 share price.
As of October 16, 2026, SpaceX shares traded around $144.47, which is 43.1% below Barclays' target and 36.0% below its 52-week high.
The company has a revenue growth rate of 91.9% year-over-year, but it reported a net margin of -35.7%.

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Barclays reiterated its Overweight rating on Space Exploration Technologies Corp. (SPCX) on October 9, 2026, setting a price target of $254. This target is significantly higher than the stock's recent trading level of $144.47 as of October 16, 2026.

Other Institutional Activity in Space Exploration Technologies Corp.

Several other institutional investors have shown interest in SpaceX. For instance, Alphabet Inc. holds 551,189,500 shares worth about $80.5 billion, having increased its holdings by 275,594,750 shares. Valor Management LLC also holds 503,414,530 shares valued at approximately $73.5 billion, with an increase of 251,707,265 shares. FMR, LLC has 302,555,831 shares worth about $44.2 billion after adding 151,277,916 shares, while Vy Capital Management Co. Ltd. owns 271,811,500 shares valued at around $39.7 billion, with a gain of 135,905,750 shares. Lastly, Gigafund Management Company, LLC has 171,826,745 shares worth about $25.1 billion after boosting its stake by 85,913,372 shares.

Space Exploration Technologies Corp. Stock Down 5.1%

Currently, SpaceX's shares are trading below both the 50-day moving average of $146.72 and the 200-day moving average of $145.58. The stock is also 36.0% below its 52-week high of $225.64 but 37.8% above its 52-week low of $104.83. This positioning may influence investor sentiment as it trades at a significant discount to the analyst target mean price of $221.26.

12-month forecast

$SPCX price target

Space Exploration Technologies Corp. daily closes and this analyst's $254 target. Not advice.

Recent Earnings

In its trailing twelve months, SpaceX reported revenue of approximately $23.0 billion, reflecting a year-over-year growth of 91.9%. However, the company posted a negative net margin of -35.7%. The next earnings report is scheduled for November 3, 2026.

Insider Buying and Selling at Space Exploration Technologies Corp.

Insider trading activity includes Chief Executive Officer Elon Musk, who sold 11,390 shares on April 2, 2026, for a total value of about $1.2 million at an average price of $105.32.

Analysts Set New Price Targets

On October 9, 2026, Barclays initiated coverage with an Overweight rating and a price target of $254.00. Earlier, on September 29, 2026, TD Cowen initiated a Buy rating with a target of $200.00. On September 30, 2026, Macquarie maintained its Outperform rating with a price target of $250.00, while Susquehanna maintained a Neutral rating, raising its target to $173.00 from $144.00 on October 7, 2026. The consensus among analysts is to buy, with a mean price target of $221.26 based on 31 opinions.

About Space Exploration Technologies Corp.

Space Exploration Technologies Corp., known as SpaceX, focuses on satellite-based broadband services and operates through three segments: Space, Connectivity, and AI. The company designs and launches reusable rockets, providing access to space for various applications. This latest analyst rating from Barclays reflects confidence in SpaceX's growth potential amid its impressive revenue growth and ongoing advancements in aerospace technology.

Bottom Line

Investors should watch for SpaceX's next earnings report on November 3, 2026, to gauge the company's performance amid its growth trajectory. Further analyst ratings and updates could also provide insights into market sentiment around this innovative aerospace company.