Figuring out how to buy SpaceX stock is the easy part, it’s the timing that’s got people stuck right now. The SpaceX stock price sank as much as 13.6% the day after the company put out its first earnings report as a public company, and shares are still trading under their $135 IPO price from back in June. Even with that drop, the SpaceX stock forecast coming out of Wall Street stayed mostly upbeat, and a handful of banks are defending price targets more than double where SPCX sits at the time of writing. SpaceX earnings also showed a pretty big jump in AI spending, and that’s really what spooked the market more than anything else. For anyone still working out how to buy SpaceX stock at these levels, the SpaceX stock Wall Street reaction this week is probably worth a look.
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How To Buy SpaceX Stock And Assess Its Earnings Outlook
How To Buy SpaceX Stock, Step By Step
How to buy SpaceX stock comes down to a handful of steps, and none of them are all that complicated. An investor opens a brokerage account first, then searches for the ticker SPCX from there. From that point, an investor picks a share count based on how much of a portfolio should go into the stock, chooses an order type, either market or limit, and submits the trade. Checking the fill afterward confirms it went through at a reasonable price. That’s really the whole process for how to buy SpaceX stock, and it takes maybe five minutes once the account has money in it.
Why SpaceX Stock Wall Street Analysts Are Still Bullish
Seven banks weighed in on the SpaceX stock Wall Street reaction this week, and most of them are treating the drop as a chance to buy rather than a reason to run. Morgan Stanley kept its Overweight rating and a $300 target, and Oppenheimer held Outperform at $250. JPMorgan actually raised its target to $240 from $225 right after the report came out, and UBS put a fresh Buy rating on the stock too. Piper Sandler and Wells Fargo were the outliers, trimming their numbers over lockup and capex worries. None of that changes how to buy SpaceX stock today, and the overall SpaceX stock forecast across most desks still leans bullish anyway.
Oppenheimer analysts had this to say about SpaceX’s AI buildout:
“SPCX continues to leverage its engineering superiority to build new technologies better and faster than anyone else.”
Bernstein’s team, led by Douglas Harned, stated:
“We saw nothing in the report that would be negative.”
Bank of America analysts said:
“We see the company’s reporting and communication as constructive.”
What The SpaceX Earnings Report Actually Showed
SpaceX earnings beat expectations on revenue, coming in at $7.8 billion against a $6.9 billion forecast, and the net loss narrowed to $541 million from roughly $1 billion a year earlier. Capital expenditures were the real surprise though, jumping more than sixfold to $18.4 billion as the company poured cash into AI infrastructure, and that capex number is really what dragged the SpaceX stock price down despite an otherwise decent quarter. Retail investors didn’t seem to mind much, Vanda Research tracked $22.7 million in SPCX purchases within the first hour of trading, about three times the usual pace. How to buy SpaceX stock hasn’t changed because of any of this, but the price does look different now.
Elon Musk addressed the company’s long-term revenue target on the call, saying there is:
“a non-zero chance of that being in 2029.”
SpaceX stock is still down a good amount from the highs above $200 it hit right after the June listing, and the SpaceX stock price remains well under that IPO level at the time of writing. Most of the SpaceX stock forecast out of Wall Street still points higher over the next year or so, and once the account already has money in it, figuring out how to buy SpaceX stock takes just a few minutes from here. It’s also worth checking back on SpaceX earnings each quarter, since a company burning this much on AI can shift its SpaceX stock Wall Street reputation fast.