Space Exploration Technologies Corp. (NASDAQ:SPCX) stock rose nearly 2% in Tuesday’s premarket session as investors positioned ahead of the company’s first public earnings report, due after the closing bell.The broader market also provided support, with Nasdaq futures up 0.67% and S&P 500 futures gaining 0.14%.Analysts Focus On Starship And Long-Term GrowthWhile the upcoming quarterly results will be closely watched, analysts say the bigger story remains SpaceX’s long-term execution, particularly around Starship, AI infrastructure and capital deployment.Bernstein analysts told CNBC that Starship remains the key factor in justifying SpaceX’s valuation, along with semiconductor access, regulatory approvals and compute capacity.The firm recommends buying the stock with a $239 price forecast, saying quarterly results matter less than management’s confidence in the company’s growth path.Matthew Unterman, head of research at S3 Partners, told CNBC that short sellers have built one of the fastest and most aggressive bearish positions in a mega-cap name ahead of its first post-IPO earnings report.New Street Research analyst Ben Harwood told CNBC that the pullback creates an attractive entry point for long-term investors, citing SpaceX’s large growth runway and wide moat.Cantor analysts also remain optimistic, with a $246 price forecast, saying that earnings could ease pressure if SpaceX shows hosted-compute profits, clarifies funding plans and works through early lockup-related selling.The stock carries a Buy rating with an average price forecast of $229.96. Recent analyst moves include: