Oppenheimer Reiterates Buy Rating on SpaceX with $250 Target
Oppenheimer analyst Timothy Horan maintains a buy rating on SpaceX, setting a $250 price target.
Key Points
- On June 18, 2026, Oppenheimer reiterated its buy rating on SpaceX (SPCX) with a target price of $250.
- SpaceX shares are trading at about $173.2, with a market cap of over $2.5 trillion and a 52-week range of $149.34 to $225.64.
- Elon Musk, CEO of SpaceX, had significant insider transactions on June 15, 2026, including buying and selling millions of shares.
Oppenheimer analyst Timothy Horan has maintained a buy rating on Space Exploration Technologies Corp. (SpaceX), trading under the ticker SPCX on the NasdaqGS. As of June 18, 2026, Horan set a price target of $250 for the aerospace and defense company.
Other Institutional Activity in Space Exploration Technologies Corp.
Several institutional investors have adjusted their positions in SpaceX. UBS Group AG, North Star Investment Management Corp., GTS Securities LLC, CSS LLC/IL, and Morgan Stanley have all exited their positions, each reducing their holdings to zero shares.
Space Exploration Technologies Corp. Stock Snapshot
Shares of NasdaqGS:SPCX are trading around $173.2. SpaceX has a massive market cap of approximately $2.53 trillion. The stock's 52-week low is $149.34, while its high is $225.64. It has a 50-day and 200-day moving average of $189.165. The company's financial ratios include a current ratio of 1.217, a quick ratio of 1.088, and a debt-to-equity ratio of 73.597.
Recent Earnings
SpaceX reported revenue of about $19.3 billion, with a growth rate of 15.4%. However, the company's net margin is negative at -44.998%, and it recorded an EPS of -$0.67. The company is not currently profitable, which is reflected in its lack of a meaningful P/E ratio.
Insider Buying and Selling at Space Exploration Technologies Corp.
On June 15, 2026, Elon Musk, CEO, CTO, and Chairman of SpaceX, was involved in significant insider transactions. Musk sold 370,370 shares and 60,043,084 shares, while also buying 3,252,274,200 shares and 315,926,250 shares. These transactions were not part of a pre-planned trading program.
Analysts Set New Price Targets
On June 18, 2026, Oppenheimer maintained its buy rating on SpaceX with a $250 price target. Earlier, on June 12, 2026, CFRA initiated coverage with a sell rating and a $115 target price. The consensus among analysts is a buy, with an average target price of $188.17 based on six analyst opinions.
About Space Exploration Technologies Corp.
Space Exploration Technologies Corp., better known as SpaceX, operates in the aerospace and defense sector, providing satellite-based broadband services through its Starlink network. Headquartered in Starbase, Texas, and led by CEO Michael Sagan, the company designs and launches reusable rockets, offering commercial and government launch services. SpaceX also develops an AI platform and provides launch and mission services for space programs.
Bottom Line
Oppenheimer's reiterated buy rating and $250 target highlight confidence in SpaceX's future potential despite its current lack of profitability. The company's ambitious projects in satellite broadband and space exploration keep investors and analysts interested. These 13F filings and analyst ratings provide a snapshot of institutional sentiment, which may not reflect current positions.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.