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Argus Research upgraded SpaceX to Buy from Hold with a $160 price target, making a direct call that the company's growth trajectory has earned a more constructive rating.
The upgrade rests on reported revenue of $7.8 billion, a 92% increase, alongside SpaceX's own signal of a year-end 2026 revenue run rate approaching $100 billion.
The read-through is harder than the headline suggests: higher AI infrastructure spending and expected share-price volatility are both on the table, and Argus acknowledged each before reaching its conclusion.
What changed at Argus The move from Hold to Buy is an opinion-led call, not a valuation exercise alone.
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