SpaceX IPO quiet period ends, Wall Street institutions intensively raise ratings

Odaily reported that as the 25-day quiet period following SpaceX (SPCX)'s June IPO ended, Wall Street analysts began to release official research reports. Several major brokerage firms have given optimistic ratings, showing that institutional investors remain positive about the company's long-term growth potential.

As IPO underwriters, Goldman Sachs and Morgan Stanley both assigned a Buy-equivalent rating to SpaceX. Among them, Goldman Sachs analyst Eric Sheridan set a target price of $205, and Morgan Stanley analyst Adam Jonas gave a target price of $300. In addition, Bank of America, Citi Today, Deutsche Bank, JPMorgan, UBS, and other institutions also initiated coverage and gave Buy or equivalent ratings. Raymond James Financial provided the most optimistic forecast; analyst Brian Gesuale covered SpaceX for the first time and assigned a "Strong Buy" rating, with a target price as high as $800, considering SpaceX to be "one of the most representative industrial infrastructure companies of the 21st century."

According to analysis, the market's optimism toward SpaceX is mainly based on its layout in rocket launches, Starlink satellite internet, and government contracts. At the same time, the company's communications business can provide a sustainable revenue source and support the future scale expansion of launches.

As of March 31, 2026, SpaceX held 18,712 Bitcoin. Wall Street believes that the focused coverage after the IPO quiet period presents institutional investors with an opportunity for a systematic assessment of SpaceX's valuation. Nearly all major institutions have simultaneously issued positive ratings, which is rare among major IPOs. (CoinDesk)