Barclays Initiates Coverage on SpaceX With Overweight Rating

Barclays has initiated coverage on Space Exploration Technologies Corp. with an Overweight rating, highlighting its competitive moat, Starlink constellation, and commercial launch capabilities. The initiation follows SpaceX's closing price of $160.57 on October 8, 2026. Analyst sentiment remains 79.1% positive across 43 tracked recommendations, with a consensus mean price target of $232.82 pointing to roughly 45% upside. The company previously beat second-quarter expectations on August 4, 2026, posting revenue of $7.814 billion against $7.073 billion projected and an EPS of -$0.09 versus -$0.2635 estimated.