Cantor Reiterates Overweight on SpaceX, $246 PT

Cantor Fitzgerald analyst Colin Canfield reiterated an Overweight rating and $246 price target on SpaceX (SPCX) on August 5, 2026.

“We reiterate our PT of $246 based on our balanced approach of 50% EV/EBITDA SOTP ($338), 25% EV/ Sales SOTP ($194) and 25% DCF ($258).

Our 2026E sales and adj. EBITDA estimates are materially unchanged as we assume some pull-forward of 2Q26 Connectivity and AI beat, although we now assume materially greater FCF burn for 2026E.

Our 2027E-2028E sales, adj. EBITDA and FCF estimates rise as we assume greater AI benefits.”

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