On July 7, 2026, several prominent banks, including Deutsche Bank, Bank of America, and Goldman Sachs, began equity research coverage on SpaceX, showcasing a notably optimistic view of the company's future.
Deutsche Bank characterized SpaceX as 'the apex of civilizational ambition,' while Bank of America referred to its Starlink project as 'paving the superhighway to the stars.' Analysts from Raymond James hailed the Starship rocket as 'the defining industrial innovation of our generation.' The banks' bullish ratings come after they served as underwriters for SpaceX's recent IPO, which priced shares at $135 and closed at $160.42, giving the company a market capitalization of $2.1 trillion.
Most analysts provided positive ratings, with price targets ranging from $190 to $800, reflecting expectations of significant growth driven by advancements in rocket technology and the expansion of Starlink's broadband services.
However, MoffettNathanson stood out with a more cautious stance, projecting a decline in SpaceX's value over the next year and questioning the feasibility of the company's ambitious market forecasts. Overall, the strong endorsements from major banks could bolster investor interest and confidence in SpaceX's long-term prospects