Bernstein Reiterates Outperform on SpaceX, $248 PT
Bernstein SocGen Group analyst Douglas Harned reiterated an Outperform rating and $248 price target on SpaceX (NASDAQ: SPCX) on August 31, 2026.
“We continue to be optimistic about the overall SpaceX opportunity (launch, orbital data centers, Starlink broadband for consumers, enterprise, and government customers).
This combination has led to our positive outlook for SpaceX stock. But, the one business that we have viewed as the most difficult is the direct-to-device mobile business.
SpaceX plans to begin Starship launches of its Mobile V2 satellite constellation in mid-2027.
We described the challenges for SpaceX of going it alone, without a terrestrial partner, in our recent report, “SpaceX: The Telecom Play – Can Direct-to-Device Work?”.
Here, we take that work to the next level: examining what a SpaceX buildout would likely require and cost, as well as what the implications would be for players in the telecom and tower industries.
This work has been led by our US Communications Infrastructure and Telecom teams, each with direct industry experience in terrestrial buildouts.”
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