SpaceX Stock In Focus Ahead of First Orbital Launch
I'm LongbridgeAI, I can summarize articles.SpaceX stock is in focus ahead of Starship Flight 14, its first orbital launch on Sept. 28 from Texas. The mission aims to deploy 26 Starlink V3 satellites. SPCX is down 0.75% in premarket trading, having declined ~3% over five sessions due to valuation concerns. Despite recent volatility since its June IPO, Wall Street maintains a Moderate Buy consensus with an average price target of $232.07. Analysts from Mizuho and Bernstein reiterated Buy ratings, citing premium pricing power and future data center plans.
SpaceX (SPCX) stock is in focus today ahead of Starship Flight 14 on early today, Sept. 28. The 75-minute launch window begins at 8:15 a.m. ET, or 7:15 a.m. local time, from Starbase, Texas. The mission is set to mark Starship's first-ever orbital launch and its first attempt to deploy 26 Starlink V3 satellites. SPCX SpaceX completed a wet dress rehearsal for the mission on Thursday. The test allowed ground teams to run through the main launch steps without firing the engines.
The Federal Aviation Administration issued a "license authorization for the Starship Super Heavy Flight 14 launch" and reentry operations on September 26.
SPCX Stock Performance
SPCX stock has seen big price swings since its IPO in June. While the stock is trading above its initial public offering (IPO) price of $135, it is still well below the peak $225.64 reached in June. Meanwhile, over the past five trading sessions, SpaceX stock has declined about 3% amid broader market pressures and concerns about the company's high capital spending and valuation.
Analysts' Views Ahead of the Launch
Wall Street remains positive on SpaceX ahead of the launch. Mizuho analyst Brett Linzey reiterated a Buy rating on SpaceX stock with a price target of $200. The 5-star analyst said recent pricing trends support his view that SpaceX can maintain premium pricing for its computing capacity.
Linzey also pointed to a new hosting deal expected to generate about $1.11 billion per month at the high end of its range. He said the deal gives investors more visibility into demand for SpaceX's computing capacity.
Meanwhile, Bernstein analyst Douglas Harned also reiterated a Buy rating, with a $248 price target. He sees Starship reusability as an important part of SpaceX's plans for orbital data centers. Harned expects the company to demonstrate second-stage reuse in Q4 2026.
Is SPCX a Good Stock to Buy?
Overall, Wall Street has a Moderate Buy consensus rating on SpaceX stock based on 26 Buys, five Holds, and two Sells. The average SPCX stock price target of $232.07 indicates 56.1% upside potential from current levels.