What did Argus Research just do with its SpaceX rating and price target?

Argus Research upgraded SpaceX from Hold to Buy and set a price target of US$160 per share. SpaceX is currently trading at approximately US$110, meaning the target implies roughly 45% upside from current levels. The upgrade follows SpaceX's reported revenue of US$7.8 billion — a 92% year-on-year increase — and a projected revenue run rate approaching US$100 billion by end of 2026.

What are the three main reasons Argus Research is bullish on SpaceX?

Argus identified three core growth drivers: SpaceX's space launch services business, the Starlink global satellite broadband network, and the company's expanding integration with artificial intelligence infrastructure. Together these segments represent a diversified revenue base across commercial space, consumer and enterprise connectivity, and the high-growth AI infrastructure market — giving SpaceX exposure to three of the most capital-intensive and high-growth themes in the current technology cycle.

How fast is SpaceX growing and what does the revenue run rate imply?

SpaceX reported US$7.8 billion in revenue, up 92% year-on-year — close to doubling in a single year. Argus projects a revenue run rate approaching US$100 billion by end of 2026. That trajectory would make SpaceX one of the fastest-scaling companies in history by revenue. It also implies that the current US$110 share price — which already values the company at a significant premium — may still be pricing in only part of the projected growth.

Is SpaceX stock a good buy at US$110 given the Argus Research upgrade?

This is a potential scenario, not guaranteed. Argus sees 45% upside to US$160, and the 92% revenue growth supports an optimistic view. However, SpaceX has been highly volatile since its June 2026 IPO, and it went through a significant post-IPO sell-off earlier this year. Investors should weigh the genuine growth potential against the execution risk, AI capex overhang, and the fact that the stock is still recovering from a sharp drawdown following the IPO.

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Argus upgrades SpaceX to Buy on 92% revenue rise

Written by Heidi Cuthbert Published Aug 7, 2026, 12:27 PM

equity research firm Argus Research has upgraded SpaceX from a Hold to a Buy rating, setting a price target of US$160 per share.
The upgrade follows SpaceX's reported revenue of US$7.8 billion, representing a 92% increase year-on-year, underscoring the company's rapid commercial expansion across its core business segments.
Argus Research's bullish stance is supported by SpaceX's projected revenue run rate approaching nearly US$100 billion by the end of 2026, reflecting the firm's confidence in the company's near-term growth trajectory.

SpaceX shares have remained highly volatile since the company's initial public offering in June 2026, with the stock currently trading at approximately US$110 per share at the time of the upgrade.

The US$160 price target implies upside of approximately 45% from the current trading level, placing the stock among the more optimistic near-term valuations assigned by Wall Street research firms covering the company.

Argus Research highlighted three principal growth drivers underpinning the Buy rating: SpaceX's space launch services business, the Starlink global satellite broadband network, and the company's expanding integration with artificial intelligence infrastructure.

Rising artificial intelligence capital expenditure and continued share price volatility following the June 2026 IPO were identified as key risk factors that investors should monitor alongside the bullish long-term thesis.

The Argus upgrade is consistent with the broader sentiment among institutional Wall Street analysts, the majority of whom currently hold Buy-equivalent ratings on SpaceX stock.

The combination of triple-digit revenue growth, a high-profile IPO, and strategic positioning across launch, broadband, and AI infrastructure has positioned SpaceX as one of the most closely watched stocks in the post-IPO technology universe.