Analyst hikes valuation of SpaceX's rocket business by $246 billion after Blue Origin funding. Cathie Wood buys $23 million of SPCX stock.

Major brokerages initiated coverage on Tuesday with mostly buy ratings following the company's $75 billion June IPO.

A market expert tells Benzinga why there's caution for the short-term valuation of SpaceX, but a long-term buying opportunity.

The valuation follows a record-setting debut for Elon Musk’s rocket maker.

Ark Invest added roughly $6.6 million in SpaceX shares while trimming its AMD stake by about $4.5 million on Tuesday, July 7, 2026.

The analysts' notes are the clearest and most well-informed public statements yet on the financial prospects for SpaceX.

ARK rolled out of Chinese tech to add to Elon Musk's newly public rocket company, doubling down on a bet it says could be worth $3.1 trillion.

Bezos ramps up his rivalry with Elon Musk over space with the move, letting in institutional investors right as SpaceX stumbles in public markets

Blue Origin seeks $10B in funding, raising its valuation to $130B as Jeff Bezos turns to outside investors in billionaire space race.

Cathie Wood's ARK ETFs purchased $7 million worth of SpaceX shares. This investment follows a significant 34% drop from the stock's peak. Wood funded these purchases by selling…

Analyst hikes valuation of SpaceX's rocket business by $246 billion after Blue Origin funding. Cathie Wood buys $23 million of SPCX stock.