$SPCX Draws First Wall Street Buy Ratings After IPO

NEW YORK — Wall Street is officially on the board for SpaceX. Just over a week after its record-setting Nasdaq debut, Space Exploration Technologies Corp. — NASDAQ: SPCX — has drawn its first formal wave of analyst coverage, with several firms initiating $SPCX at the equivalent of a "Buy." For a company that spent two decades as the most closely watched private business in the world, the arrival of sell-side research marks another milestone in its public-market life.

Coverage Begins

The newly minted ratings lean bullish, with analysts pointing to Starlink's fast-growing recurring revenue, Starship's accelerating launch cadence, and the xAI assets folded into the company following the merger. Most of the initial price targets cluster above the current share price, framing the recent pullback as a chance to own a rare pure-play on both space infrastructure and frontier artificial intelligence.

The endorsements build on a busy first week as a public company. Days after earning its first investment-grade credit ratings, SpaceX is now being measured by the same Wall Street machinery that covers the largest names in the index.

The Numbers Behind the Tape

$SPCX last traded around $185, off its post-debut highs but still well above the $135 offering price set on its June 12 IPO. That leaves SpaceX with a market capitalization in the neighborhood of $1.7 trillion, briefly ranking it among the most valuable public companies in the world. Follow the live quote on Yahoo Finance, Google Finance, WSJ or Nasdaq.

Index Inclusion in Focus

With a public float now established and trading volumes settling, attention is turning to how quickly $SPCX could qualify for major benchmarks. Inclusion in widely tracked indices would force index funds to buy the stock, a mechanical source of demand that often supports newly public mega-caps. Investors are watching the seasoning requirements and profitability tests that govern entry, with coverage of SpaceX's financial profile suggesting the company is closer to eligibility than most debutants of its size.

Linked to $TSLA

Like its sibling stock, $SPCX increasingly trades alongside $TSLA as a paired bet on Elon Musk's empire, a dynamic amplified by ongoing chatter about a possible Tesla–SpaceX merger. The company has also been aggressive in the debt markets, having lined up a planned $20 billion bond sale to fund Starship and Starlink expansion.

With the broad market ($SPY, $QQQ) firm and AI leader $NVDA still setting the tone, the early analyst enthusiasm gives $SPCX a foundation of institutional support heading into its first full earnings cycle as a public company. The next catalysts — index decisions, the debut quarterly report, and any merger developments — will test whether the buy ratings translate into a durable bid.

This article does not constitute financial advice. Readers are advised to do their own research before investing in the stock market. Prices cited are point-in-time snapshots and may be stale — always confirm on a live financial source.