Argus Research upgrades SpaceX to 'Buy' with a $160 price target.

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Argus Research upgraded SpaceX to 'Buy' with a $160 price target, citing 92% year-over-year revenue growth to $7.8 billion. The firm anticipates strong price momentum ahead, with run-rate revenue projected to reach nearly $100 billion by late 2026. Growth drivers include space launches, Starlink, and AI infrastructure. Analysts note a favorable risk-to-reward ratio despite potential headwinds from AI spending and market volatility.

BlockBeats news, on August 7, independent equity research firm Argus Research upgraded SpaceX from Hold to Buy with a price target of $160, citing revenue of $7.8 billion, a 92% year-over-year increase, and an expected revenue run rate nearing $100 billion by the end of 2026.


After SpaceX's IPO in June 2026, its stock experienced significant volatility and is currently trading around $110; this upgrade reflects analysts' long-term confidence in the company's growth potential in space launch services, the Starlink satellite network, and AI infrastructure integration.


Despite rising AI expenditures and stock price volatility, Argus remains optimistic about SpaceX’s operational performance and prospects, aligning with the overall buy rating trend among most Wall Street institutions.

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