US macro
Take
Saturday, August 22, 2026
SPCX is 10 weeks old, still a lockup tape, and already three businesses. Connectivity (Starlink) is the only one that makes money. Space is a factory plus an option. AI is a furnace with revenue. Spot is $2 above the $135 IPO after a $105 wash on the first unlock and a $226 peak in June. Street mean $214 is leftover day-one optimism. Trade the float calendar and the 12 million dishes, not the $28T TAM slide.
Last cash session Friday Aug 21 · close $136.97 · +$2.97 · +2.2%
Price
SPCX
IPO -14.90%
Snapshot
Largest IPO, still a lockup
Market cap
$1.8T
vs IPO $135
+1.46%
Day-one $161
Starlink subs
12.0M
June 30
Q2 revenue
$7.8B
+92%
Conn. op. income
$1.7B
The only profit engine
Q2 net
−$541.0M
-0.09 EPS
Launches YTD
78
1K t to orbit
Musk lockup
Jun 2027
85% of the vote
Street
22 analysts
$214
Mean target · +55.87% vs spot
High $800 · Low $75 · Median $217
14
Buy
5
Hold
3
Sell
Buy
tilt
Next
Aug 28 expiry
2026-08-28
First living options pin. $140 calls are the wall. $135 IPO strike still in play.
News
SPCX headlines
No headlines cleared the filter.
Street
Analyst actions
| Date | Firm | Action | Target |
|---|---|---|---|
| 08-07 | Argus | Upgrade to Buy | $160 |
| 08-05 | Bank of America | Buy reiterated | $235 |
| 08-05 | Bernstein | PT raised | $248from 239 |
| 08-04 | Macquarie | Outperform | $250 |
| 08-04 | Morgan Stanley | Overweight | $300 |
| 08-04 | Deutsche Bank | Buy | $255 |
| 08-04 | Needham | Buy | $250 |
| 08-04 | Cantor | Overweight | $246 |
| 08-04 | Raymond James | Strong Buy | $800 |
| 08-04 | Piper Sandler | Neutral | $140 |
| 08-04 | HSBC | Hold | $115 |
| 08-04 | CFRA | Sell | $115 |
| 08-04 | MoffettNathanson | Hold | $131 |
Quotes delayed. Options from Cboe delayed chain. Not investment advice, not a solicitation, and not affiliated with Space Exploration Technologies Corp..