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BTC SpaceX\'s share price regained momentum after Raymond James first covered and set a $800 target price, which means about 440% room to rise from current levels.
Summary
Raymond James covered SpaceX for the first time, giving it a \"strong buy\" rating and a US$800 price target, implying about 440% room for upside. Wall Street support has increased, with Morgan Stanley, Goldman Sachs, Citigroup, UBS and Wells Fargo issuing bullish ratings. SpaceX has expanded its Star Chain program, Ark Investment has increased its stake, and the company\'s Bitcoin holdings remain the focus of attention.
According to Raymond James, the broker has begun to cover SpaceX, giving it a \"strong buy\" rating and a $800 price target, making it one of the most optimistic forecasts issued by a large Wall Street institution.
SPCX-SpaceX may soar 440%, Raymond James said
Raymond James launched coverage of SpaceX, giving it a \"strong buy\" rating and a Wall Street price target of up to $800, which means 440% room to rise. This bullish outlook is driven by Starship, StarLink and SpaceX\'s potential as a global infrastructure giant.
When the target price was announced, SPCX was trading at approximately US$153 on Thursday, up approximately 3.2% for the day. The stock has gone through a difficult period, with its share price still falling more than 25% from its recent highs despite joining the Nasdaq 100 index.
The broker linked its bullish outlook to three long-term businesses that it believes could support future growth. Raymond James pointed to the continued development of the starship, the expansion of the Starlink satellite Internet network, and the company\'s potential to become a major global infrastructure provider through its launch and communications businesses.
Wall Street\'s support for SpaceX continues to grow
The new optimism brought by Raymond James is based on a series of recent positive ratings issued by other investment banks. Morgan Stanley gave it an \"overweight\" rating at the beginning of coverage, with a basic price target of $300 and an optimistic price target of $600. Goldman Sachs also covered it for the first time, giving it a \"buy\" rating and a $205 target price. Citigroup gave a \"buy\" recommendation at the beginning of coverage, with a 12-month target price of $200. UBS and Wells Fargo also issued positive recommendations, increasing institutional support for the newly listed company.
Although Raymond James\'s forecast is well above these targets, the latest recommendation adds to market expectations that analysts see huge room for upside even after recent fluctuations in SpaceX\'s share price.
In addition, Kathy Wood\'s Ark investment continues to increase its exposure to SpaceX. The investment company reportedly purchased 153,084 shares through its ARKK, ARKQ and ARKX exchange-traded funds. Based on SpaceX\'s closing price of $148.30, the purchase is worth approximately $22.7 million.
Star Chain expansion and Bitcoin positions remain the focus
Operational developments are also still active. SpaceX has submitted an application to the U.S. Federal Communications Commission seeking approval to deploy up to 100,000 third-generation Starlink satellites, which, if approved, would significantly expand its satellite Internet network. The company also maintained a fast launch rhythm. The report shows that SpaceX deployed 1589 Star Link satellites in the first half of 2026, exceeding the record of 1489 launches set in 2025 in the first half of the year.
Outside of its space business, SpaceX has recently attracted attention in the cryptocurrency market. A wallet associated with the company transferred $88 worth of Bitcoin on July 8, ending a six-month period of inactivity on the chain. Data shows that SpaceX still holds approximately 18,712 bitcoins worth approximately US$1.16 billion, while the receiving wallet contains 614 bitcoins worth approximately US$38 million.
Investors are still watching developments related to Elon Musk\'s artificial intelligence ecosystem after SpaceXAI disclosed plans to release Grok 4.5 to the public.
Despite the growing list of bullish analysts, some investors remain cautious. Critics believe SpaceX\'s valuation has absorbed most of its expected expansion, while others say the company\'s first public earnings report will provide a clearer basis for assessing whether current expectations are reasonable.
