Can SpaceX Prove Wall Street Right on August 4?
I'm LongbridgeAI, I can summarize articles.SpaceX reports earnings on August 4, a critical test for Wall Street's bullish stance after shares halved since its June listing. Analysts from Morgan Stanley, Goldman Sachs, and Wedbush remain positive, focusing on AI expansion, Starlink growth, and data center plans. Investors anticipate $6.88 billion in Q2 revenue but expect a loss of $0.23 per share. The consensus rating is Moderate Buy with an average price target of $239.04.
SpaceX (SPCX) will have its first chance to prove Wall Street right when it reports earnings on August 4. Shares have lost nearly half their value since the company's June listing, while short sellers have built about $26 billion in bets against the stock. They say the shares are too expensive and worry about heavy spending. Even so, most analysts remain bullish. They expect updates on AI and Starlink to reinforce their positive view.
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Two ETFs for long or short leverage on SPCXThe August 4 report could show whether Wall Street is right.
Why Wall Street Still Believes in SpaceX
Morgan Stanley analyst Adam Jonas recently reiterated a Buy rating and a $300 price target on SpaceX. The analyst believes the biggest surprise could come from the company's AI business. Jonas wants to hear whether SpaceX plans to add more than two gigawatts of new computing power next year. He will also watch for updates on new cloud customers and Starlink. Progress in Grok and Cursor will be another area to watch.
Goldman Sachs also remains bullish. Analyst Eric Sheridan believes SpaceX has an edge in both launch services and satellite internet. He also expects Starlink to generate more cash over time. That money could help fund the company's AI plans.
Wedbush analyst Matt Bryson sees another growth driver. Bryson said industry checks point to strong demand for parts for SpaceX's future data centers. Reports that the company is looking at new sites in Texas support that view. If those plans move ahead, SpaceX could add even more AI computing power in the coming years.
What Investors Want to Hear on August 4
Wall Street expects SpaceX to report second-quarter revenue of about $6.88 billion. Analysts also expect a loss of $0.23 per share.
Though the headline numbers matter, investors may care even more about what comes next.
The biggest questions are about AI. Investors want to know if SpaceX is moving ahead with its data center expansion. They will also listen for any comments on new cloud customers and Starlink.
What Is the Stock Price Forecast for SPCX Stock?
According to TipRanks, SPCX stock has a Moderate Buy consensus rating based on 23 Buy, six Hold, and one Sell ratings. The average SpaceX price target is $239.04, implying more than 100% upside from current levels.