Phillip Securities: Maintains "Sell" rating on SpaceX, target price $75

2026-08-17 17:15:45

Phillip Securities maintains a "Sell" rating on SpaceX (SPCX.O), with a target price of $75. The agency remains cautious about high capital expenditures, the concentration of AI clients, and temporary cloud service contracts, believing that clients need to make longer-term business commitments to drive a revaluation.