Mizuho Reiterates Outperform Rating on SpaceX (SPCX)

Mizuho analyst Brett Linzey reiterated an Outperform rating and $200.00 price target on SpaceX (NASDAQ: SPCX).

The analyst commented: "SpaceXAI released Grok 4.6 yesterday, its first major model update since Grok 4.5 and another meaningful step toward establishing Grok as a credible frontier model. Based on third-party performance evaluations (Exhibit 1), Grok 4.6 now sits roughly in line with the newest models from Anthropic (Claude Fable 5) and OpenAI (GPT-5.6 Sol). We also review recent compute-pricing commentary from CoreWeave (CRWV, covered by Senior Analyst Gregg Moskowitz) and Nebius (NBIS, not covered). Our two key takeaways: (i) frontier-level performance, lower pricing and Cursor distribution should support enterprise share gains from a relatively small base for Grok; and (ii) the external compute market remains exceptionally tight, with pricing rising across new and prior-generation capacity and customers showing increased willingness to prepay for capacity access."

For an analyst ratings summary and ratings history on SpaceX click here. For more ratings news on SpaceX click here.

Shares of SpaceX closed at $141.29 yesterday.

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