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SpaceX Receives Hold Rating From HSBC

July 26, 2026

2 min read

Key Takeaways

HSBC gives SpaceX a Hold rating with $115 price target.
Shares have fallen 48% from highs.
Starship test shows mixed results.
Alphabet's stake valued at $94 billion.

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Strategic Implications

HSBC's Hold rating may indicate that the market has already priced in SpaceX's growth potential, suggesting that investors could be cautious about the company's future bets on Starship and orbital data centers. The analyst call may signal a turning point for the stock, which could be influenced by the upcoming earnings report and lock-up expirations.

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What Happened

Analyst Call Lands With a Thud Amid Starship Test

HSBC has initiated coverage of SpaceX with a Hold rating and a $115 price target, citing fair value and unproven bets on Starship and orbital data centers. The analyst call comes as the stock is mired in its deepest pullback since going public, with shares falling 48% from highs. The Starship test has shown mixed results, and Alphabet’s stake in SpaceX is valued at $94 billion. The upcoming earnings report and lock-up expirations may be a turning point for the stock, according to a report by Unknown Source.

Source | Originally Published: July 26, 2026

Companies Mentioned

SpaceX HSBC Alphabet Google Fidelity

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SpaceX Receives Hold Rating From HSBC

July 26, 2026

2 min read

Key Takeaways

HSBC gives SpaceX a Hold rating with $115 price target.
Shares have fallen 48% from highs.
Starship test shows mixed results.
Alphabet's stake valued at $94 billion.

Sign in to view key takeaways Get full access to in-depth analysis and key takeaways.

Silver membership required Upgrade to Silver to access Key Takeaways.

Strategic Implications

HSBC's Hold rating may indicate that the market has already priced in SpaceX's growth potential, suggesting that investors could be cautious about the company's future bets on Starship and orbital data centers. The analyst call may signal a turning point for the stock, which could be influenced by the upcoming earnings report and lock-up expirations.

Sign in to view strategic implications Get full access to strategic analysis and expert insights.

Silver membership required Upgrade to Silver to access Strategic Implications.

What Happened

Analyst Call Lands With a Thud Amid Starship Test

HSBC has initiated coverage of SpaceX with a Hold rating and a $115 price target, citing fair value and unproven bets on Starship and orbital data centers. The analyst call comes as the stock is mired in its deepest pullback since going public, with shares falling 48% from highs. The Starship test has shown mixed results, and Alphabet’s stake in SpaceX is valued at $94 billion. The upcoming earnings report and lock-up expirations may be a turning point for the stock, according to a report by Unknown Source.

Source | Originally Published: July 26, 2026

Companies Mentioned

SpaceX HSBC Alphabet Google Fidelity