A section of Wall Street analysts have updated their outlook on SpaceX (NASDAQ: SPCX) after the company reported stronger-than-expected second-quarter 2026 results.

Notably. several firms raised price targets or reaffirmed bullish ratings despite concerns over rising capital expenditures.

SpaceX reported Q2 revenue of $7.8 billion, up 92% year-over-year and ahead of consensus estimates of $6.81 billion. Adjusted EBITDA surged 191% to $3.5 billion, while net loss totaled $541 million as the company continued investing heavily in artificial intelligence infrastructure, Starship development, and next-generation Starlink satellites.

The connectivity segment generated $4.3 billion in revenue and added 1.7 million net…