SpaceX IPO Quiet Period Ends, Wall Street Firms Raise Ratings Aggressively

Odaily Odaily News As the 25-day quiet period following SpaceX's (SPCX) June IPO comes to an end, Wall Street analysts have begun publishing formal research reports. Multiple major brokerages have issued favorable ratings, indicating institutional investors' optimism regarding the company's long-term growth potential.

As IPO underwriters, Goldman Sachs and Morgan Stanley have both given SpaceX equivalent buy ratings. Among them, Goldman Sachs analyst Eric Sheridan set a target price of $205, while Morgan Stanley analyst Adam Jonas set a target price of $300. Additionally, institutions such as Bank of America, Citigroup, Deutsche Bank, JPMorgan, and UBS have also initiated coverage, assigning buy or equivalent ratings. Raymond James Financial offered the most optimistic forecast, with analyst Brian Gesuale initiating coverage on SpaceX with a "Strong Buy" rating and a target price of up to $800. Gesuale believes SpaceX will become "one of the most representative industrial infrastructure companies of the 21st century."

Analysis suggests that market optimism for SpaceX is primarily based on its strategic positioning in rocket launches, Starlink satellite internet, and government contracts. Meanwhile, the company's communications business can provide a sustainable source of revenue and support future expansion in launch scale.

As of March 31, 2026, SpaceX holds 18,712 bitcoins. Wall Street believes that the concentrated coverage following the end of the IPO quiet period provides a window for institutional investors to systematically evaluate SpaceX's valuation for the first time. The fact that almost all major institutions have simultaneously given positive ratings is relatively rare among large IPOs. (CoinDesk)