Argus Research initiates coverage on SpaceX with Hold rating

0 min read Updated on 26 Jun 2026, 07:51 PM

Reviewed by

Shriram SScanX News Team

AI Summary

Argus Research has initiated coverage on SpaceX with a Hold rating. The firm assigned the rating to the company listed on NASDAQ under the ticker SPCX.

*this image is generated using AI for illustrative purposes only.

Argus Research has initiated coverage on SpaceX with a Hold rating. The rating was assigned to the company listed on NASDAQ under the ticker SPCX. This marks the commencement of analyst coverage for the entity.

Coverage Details

The research firm provided its assessment regarding the stock, categorizing it as a Hold. This rating suggests a neutral outlook on the performance of the shares in the near term.

Entity	Ticker	Exchange	Rating
SpaceX	SPCX	NASDAQ	Hold

What specific factors might prompt Argus Research to upgrade or downgrade the Hold rating in the future?

How might the initiation of coverage influence investor sentiment and trading volume for SPCX?

What are the key risks or opportunities that could impact SpaceX's near-term performance?

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SpaceX short interest hits 13% as stock plunges 32% from peak

1 min read Updated on 26 Jun 2026, 02:07 PM

Reviewed by

Radhika SScanX News Team

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AI Summary

SpaceX shares have dropped 32% from their June 16 peak, leading Polymarket traders to slash the odds of a month-end close above the $135 IPO price to 35%. Short interest has surged to 13% of the free float, while analysts caution over stretched valuation despite upcoming index inclusions and the Q2 earnings report in August.

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SpaceX shares have fallen approximately 32% from their all-time high of $225.64 on June 16, prompting Polymarket bettors to sharply reduce the odds of the stock holding above its $135 IPO price by the end of June. Traders now believe there is only a 35% chance the stock will end the month higher than its offer price, down from roughly 80% just a week earlier. This shift reflects growing anxiety after the stock lost more than 18% over the past week, closing at $153 on Thursday.

Short Sellers Pile In

Short sellers have increased bets on further declines after the stock pulled back from its early highs. Data from Ortex Technologies indicates short interest rose to 13% of SpaceX’s free float from 8% in the prior session. "Short interest in SpaceX is building remarkably fast for a stock that has only been public for a couple of weeks," said Peter Hillerberg, co-founder of Ortex.

Valuation and Analyst Caution

SpaceX’s valuation has appeared stretched relative to other megacap companies because it remains unprofitable and has generated far less revenue than similarly valued technology giants. Todd Schoenberger of Crosscheck Management warned at the debut that whether the stock remained a winner "remains to be seen." KeyBank initiated coverage without a price target, noting that while SpaceX has major growth avenues, much of that potential may already be reflected in the valuation.

Upcoming Catalysts

Several catalysts remain for investors. SpaceX is expected to join the Russell 1000 after Friday’s close, with Nasdaq 100 inclusion expected July 6 and the IPO quiet period ending July 7. The company is scheduled to report second-quarter earnings on Aug. 17, providing the first official look at its public-market financials.