SpaceX SPCX Stock: TD Cowen Says Shares Could Hit $200, a 33% Jump

The SpaceX stock price ended September 30 at $150.86, up 1.09%. TD Cowen has started coverage with a Buy rating and a $200 target.

That target is about 32.6% above the close. SPCX stock is also up more than 6.50% over the last 30 days.

Can it hold above $150? Here is what the numbers show.

What Is the SpaceX SPCX Stock Price Today?

The stock closed at $150.86 on Nasdaq at 4:00 PM EDT. That is up $1.62 from the prior close of $149.24.

After hours, it traded at $151.50, up 0.42%.

The chart shows a jump near 10:30 AM and a dip near 11:00 AM. Shares then climbed and held near $152 before slipping a bit at the close. This follows a volatile August.

Here is the SpaceX share price snapshot:

Volume was below average. Beta, P/E ratio, and dividend data are not available yet.

Why Is SpaceX Stock Up Today? Latest SPCX News Explained

Here is the latest SPCX news behind the move. Wall Street coverage is one reason. TD Cowen and Pivotal Research Group both started with Buy ratings.

AI is another. TD Cowen thinks AI compute leasing could become the fastest-growing revenue source.

The plan is to build large computing sites and lease the capacity. Google and Anthropic are reported users. The firm expects this to be most of the revenue by the first quarter of 2027.

Latest SpaceX stock news also includes a launch. Dragon capsule Grace is set to carry the Crew-13 astronauts to the space station on Thursday at 11:10 a.m. ET.

The crew is Jessica Watkins, Luke Delaney, Joshua Kutryk, and Sergey Teteryatnikov. Grace also flew the Ax-4 mission last year.

What Is the Stock Price Target?

TD Cowen has a $200 target. Pivotal Research is higher at $220. The one-year estimate on the quote page is $226.00.

These are opinions, not promises.

Will SpaceX SPCX Stock Reach $200?

No one can give a firm SPCX price prediction. The levels, though, are clear.

The $150 mark had limited the recovery before. Holding above it could keep buyers focused on $200. A failure could bring selling pressure.

The stock is still about 33.1% below its 52-week high.

What Contracts Does SpaceX Have With the Space Force?

They add to the story. The company won a $4.16 billion Space Force contract for a space-based moving target indicator program.

It also got about $1.6 billion in task orders for 18 Falcon 9 launches. Another $2.29 billion award covers the Space Data Network Backbone.

That adds up to about $8.05 billion in potential contract value. Contract value is not revenue or profit, though.

Is Stock Risky?

Valuation is the first one. The market cap is near $2 trillion, so a lot of good news is already priced in.

EPS is -1.10, and there is no P/E ratio to compare. Upcoming share unlocks could add selling pressure. Starship also has to keep hitting its goals.

JPMorgan has pointed to possible upside from the reported $60 billion Cursor acquisition. A deal that size also brings questions.

Is SPCX Stock a Good Buy Right Now?

Nobody can say for sure. Analysts are positive, but targets can miss. It depends on your goals and risk comfort.

When Is the Next SPCX Earnings Date?

The estimated SPCX earnings date is November 3, 2026. It may show if the AI story is turning into real numbers.

For now, shares are above $150, and $200 is the next test.

DISCLAIMER

This article is for information only and is not financial advice. Stock and crypto prices are volatile, and you can lose money. Analyst targets are opinions and may be wrong. Always do your own research and talk to a licensed financial advisor before you invest.