SpaceX price target lifted to $230 as Starlink moves on U.S. telecom
As seen on the 24/7 Wall St. homepage on October 12, 2026.
An $8 billion spectrum buy turns Starlink into a direct threat to US wireless carriers, and Pivotal Research is pricing that shift in with a $230 target and a Buy rating.
$SPCX - SPACEX PRICE TARGET RAISED TO $230 AS STARLINK TAKES AIM AT U.S. TELECOM GIANTS Pivotal Research raised its SpaceX price target to $230 from $220, maintaining a Buy rating. The upgrade follows SpaceX's reported $8 billion spectrum acquisition and authorization for
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Pivotal Research raised its SpaceX price target to $230, keeping a Buy rating intact, after the company's reported spectrum acquisition and the authorization that followed it.
Owning licensed spectrum gives Starlink the infrastructure layer to compete directly with established U.S. wireless carriers on their own terms.
Pivotal's target increase signals that the firm sees the spectrum deal as a genuine step-change in SpaceX's addressable market.
For investors tracking the space-to-ground connectivity theme, the next material detail is what exactly SpaceX has been authorized to do with that spectrum.