SpaceX coverage starts with $800 analyst target

Analysts began publishing calls on SpaceX on Tuesday after the 25-day quiet period for IPO underwriters expired, with one analyst setting a bull case that would put the stock at $800. The coverage gives public-market investors an early framework for valuing Elon Musk’s space company after its listing.

Raymond James was among the firms releasing views on SpaceX, the payload showed. The end of the quiet period matters because banks tied to an IPO are restricted from issuing research for a set window, delaying formal forecasts and price targets that many equity investors use to size new positions.

SpaceX research enters equity models

The $800 case is the headline figure because it implies a much larger market value if investors accept the analyst’s assumptions. The payload did not include the analyst’s full model, revenue forecasts, margin assumptions, or the stock’s latest trading level, so the valuation gap cannot be independently sized from the available information.

For equities, the immediate effect is likely to be more debate around how SpaceX should be valued: as a launch provider, a satellite broadband platform, a defense contractor, or some combination of those businesses. Each framing carries a different multiple and risk profile.

If more banks publish supportive targets this week, institutional demand could broaden

and help stabilize trading after the IPO window.

If the new research instead highlights execution risk, capital intensity or valuation

strain, the stock could face pressure as early buyers reassess positions. The next dated marker is the close of U.S. trading on July 7, 2026, when investors will have a first read on how the new coverage affected demand.