STOCKS | Wall Street Analysts Initiate Coverage of SpaceX After IPO Quiet Period Ends

Wall Street analysts began issuing formal research reports on SpaceX (SPCX) after the company’s 25-day post-IPO quiet period ended. According to Odaily, several major brokerages initiated coverage with buy or equivalent ratings. As IPO underwriters, Goldman Sachs and Morgan Stanley both assigned buy-equivalent ratings. Goldman Sachs analyst Eric Sheridan set a $205 price target, while Morgan Stanley analyst Adam Jonas set a $300 price target. Bank of America, Citi, Deutsche Bank, JPMorgan, and UBS also initiated coverage with buy or equivalent ratings. Raymond James Financial issued the most optimistic view, with analyst Brian Gesuale initiating coverage with a “Strong Buy” rating and an $800 price target, describing SpaceX as one of the representative industrial infrastructure companies of the 21st century. The positive outlook cited by analysts was based on SpaceX’s positioning in rocket launches, the Starlink satellite internet business, and government contracts. Analysts also pointed to the company’s communications business as a recurring revenue source that could support future expansion in launch scale. As of March 31, 2026, SpaceX held 18,712 bitcoins. Wall Street analysts said the wave of coverage following the end of the IPO quiet period provided an opportunity for institutional investors to evaluate SpaceX’s valuation, noting that broadly positive ratings from major firms are uncommon for large IPOs.