TD Cowen Rates Space Exploration Technologies (SPCX) Buy

TD Cowen has reiterated its Buy rating on Space Exploration Technologies Corp. with a $200 price target on October 9, 2026, a 38.44% upside from the current price.

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

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TD Cowen rated Space Exploration Technologies Corp. ($SPCX) "Buy" with a $200 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

TD Cowen maintained its Buy rating on Space Exploration Technologies Corp. with a price target of $200 on October 9, 2026.
TD Cowen's $200 price target implies 38.44% upside from Space Exploration Technologies Corp.'s ($SPCX) current $144.47 share price.
The stock recently traded around $144.47, which is about 27.8% below the analyst's target.
SpaceX has shown impressive revenue growth of 91.9% year-over-year, although it reported a net margin of -35.7%.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Space Exploration Technologies Corp. alert may contain errors. Disclosures

TD Cowen has reiterated its Buy rating on Space Exploration Technologies Corp. (SPCX) with a price target of $200 on October 9, 2026. This maintains the same target set previously, reflecting confidence in the company's growth potential despite current market conditions.

Other Institutional Activity in SpaceX

Several other institutions have also shown interest in the aerospace sector. For instance, Alphabet Inc. holds about 551.2 million shares valued at approximately $80.5 billion, while Valor Management LLC owns around 503.4 million shares worth about $73.5 billion. FMR, LLC has 302.6 million shares valued at roughly $44.2 billion, and Vy Capital Management Co. Ltd. has 271.8 million shares worth about $39.7 billion. Gigafund Management Company, LLC rounds out the list with 171.8 million shares valued at about $25.1 billion.

Space Exploration Technologies Corp. Stock Down 5.1%

The stock of SpaceX is currently trading at $144.47, which is below its 50-day moving average of $146.72 and its 200-day moving average of $145.58. It is also about 36% below its 52-week high of $225.64, but 37.8% above its 52-week low of $104.83. This positioning suggests the stock is under pressure compared to its historical performance.

12-month forecast

$SPCX price target

Space Exploration Technologies Corp. daily closes and this analyst's $200 target. Not advice.

Recent Earnings

In its most recent financial results, SpaceX reported trailing twelve-month revenue of approximately $23.04 billion, reflecting strong growth with a year-over-year increase of 91.9%. However, the company also recorded a net margin of -35.7%, indicating ongoing challenges in profitability. The next earnings report is scheduled for November 3, 2026.

Insider Buying and Selling at Space Exploration Technologies Corp.

Insider activity shows that Elon Musk, the CEO, sold 11,390 shares on April 2, 2026, at an average price of $105.32, totaling about $1.2 million. Additionally, Gwynne E Shotwell, the President, sold 342,170 shares on September 22, 2026, with a reported value of around $52.5 million.

Analysts Set New Price Targets

On October 9, 2026, TD Cowen reiterated its Buy rating on SpaceX with a price target of $200. Earlier, on the same day, Barclays initiated coverage with an Overweight rating and a target of $254. Macquarie maintained its Outperform rating with a target of $250, while Susquehanna kept its Neutral rating with a target of $173.

About SpaceX

Space Exploration Technologies Corp., commonly known as SpaceX, provides satellite-based broadband services and designs, manufactures, and launches reusable rockets. The company operates in three segments: Space, Connectivity, and AI, serving customers in the U.S. and internationally. CEO Elon Musk leads the firm, which has around 21,000 employees.

Bottom Line

Investors should keep an eye on SpaceX's upcoming earnings report on November 3, 2026, as it will provide further insight into the company's financial health. With TD Cowen's reaffirmed Buy rating and a price target of $200, the market's response to the earnings could influence future analyst opinions.