Macquarie keeps Outperform rating on SpaceX with $250 target
Macquarie kept its Outperform rating on SpaceX with a $250 price target, citing rapid revenue growth and a spectrum deal that expands Starlink Mobile coverage.
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what happened
Macquarie reiterated its Outperform rating on SpaceX shares and kept a $250 price target, according to TradingView, which cites data from Benzinga. The target implies roughly 69% upside from the October 19 close of $147.96.
The report points to fast growth in annualized sales, with the run-rate reaching $31 billion in Q2 after starting at $19 billion in Q1. Analysts believe demand for AI hosting and satellite connectivity remains strong, supporting expectations for future earnings.
They also highlighted the purchase of Grain Management's 800 MHz spectrum portfolio, which they see as key to widening Starlink Mobile coverage and strengthening the firm's standing in telecoms.
why it matters
For investors, the report links revenue momentum and new spectrum assets to the company's valuation, so analysts' targets are worth weighing against actual results. The rating itself is not investment advice.
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- Macquarie maintains Outperform rating on SpaceX, $250 price target — TradingView, 20 October 2026 at 19:53 UTC
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