Numerous major brokerages began coverage on Tuesday, predominantly assigning buy ratings following the company's $75 billion IPO in June.
By Helene Braun|Edited by Cheyenne Ligon Jul 7, 2026, 2:39 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on (Tomas Eidsvold/Unsplash)SummaryShow- Following the end of the 25-day post-IPO quiet period, Wall Street analysts have overwhelmingly initiated bullish coverage of SpaceX (SPCX).
- The stock, which debuted at $135 during June's $75 billion IPO, was trading at $150.93 recently, down over 6% from its post-listing peak but still above the initial offering price.
- Prominent underwriters and financial institutions, including Goldman Sachs and Morgan Stanley, have issued buy-equivalent ratings with price targets ranging from $205 to as high as $800, citing SpaceX’s robust performance in launch services, Starlink broadband, and government contracts.
Following the 25-day quiet period after SpaceX's June IPO, Wall Street analysts have initiated coverage of the company, with nearly all major brokerages expressing bullish sentiments.
The aerospace and satellite firm, which held 18,712 bitcoin BTC$63,188.73 as of March 31, went public in June, raising $75 billion in one of the largest IPOs of the year. The shares were initially priced at $135, and as of Tuesday, they were trading at $150.93, having decreased by more than 6% from recent highs but remaining above the IPO price.
Goldman Sachs and Morgan Stanley, the two primary underwriters, both began coverage with buy-equivalent ratings, setting price targets of $205 and $300, respectively.
Additionally, analysts from Bank of America, Citigroup, Deutsche Bank, JPMorgan, Macquarie, RBC Capital Markets, UBS, and Wells Fargo also initiated coverage with buy or equivalent ratings.
The most optimistic outlook came from Raymond James, where analyst Brian Gesuale gave a Strong Buy rating with a target of $800. Gesuale and his team stated, "We see the company as one of the defining industrial infrastructure companies of the 21st century."
This widespread support illustrates Wall Street's confidence in SpaceX's capabilities across various rapidly growing sectors, including launch services, satellite broadband via Starlink, and government contracts. Analysts highlighted the company's ability to generate recurring revenue from its communications operations while continuing to ramp up its launch activities.
The conclusion of the quiet period represents the first chance for underwriting banks to release formal research on the stock, typically offering investors a clearer perspective on how institutional analysts value a newly public company. While it is common for newly listed companies to receive positive initiations, the extensive backing for SpaceX is notable, with nearly every major firm starting coverage with an optimistic recommendation.
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SpaceX IPO Drives Tokenized Equity Volumes to Record as Stablecoin Market Cap Falls
SpaceX IPO Drives Tokenized Equity Volumes to Record as Stablecoin Market Cap Falls
Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
By CoinDesk Research2 hours agoStablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
Why it matters:
Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
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