BofA Securities Reiterates Buy on SpaceX, $235 PT
BofA Securities analyst Ronald Epstein reiterated a Buy rating and $235 price target on SpaceX (SPCX) on August 5, 2026.
“We acknowledge SpaceX’s (SPCX) strong 2Q print, its first as a public company.
SPCX beat expectations across topline and profitability metrics, and we see the company’s reporting and communication as constructive.
Management provided color on its future year outlook – laying out a vision for $100bn in run-rate revenue by Dec.
2026, and $1tn in revenue for 2030E – that have accelerated.
While the stock remains negatively impacted on elevated capex expectations and questions on how SPCX will monetize its capabilities through AI and Starlink Mobile, we are more positive in SPCX’s positioning across its key markets following 2Q.
Following earnings, we revise our estimates (see page 3 for details). We reiterate our Buy rating and our PO of $235.”
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