MoffettNathanson is an independent equity research firm specializing in the technology, media, and telecommunications (TMT) sectors. While not a space industry participant itself, it provides research and analysis on companies involved in the space sector, including satellite providers. The firm distributes its research to a select group of clients on a subscription basis. MoffettNathanson was founded in 2013 and is headquartered in New York.
All verified mentions of this organization in source documents.
MoffettNathanson said SpaceX’s current market value is heavily dependent on broad economic sentiment rather than near-term cash flow.
MoffettNathanson warned that SpaceX stock could experience significant volatility as early-stage index inclusions and pre-IPO lock-up periods expire.
MoffettNathanson estimated that Blue Origin is at least 10 years behind SpaceX in heavy-lift reuse development.
MoffettNathanson compared SpaceX’s economic trajectory with AST SpaceMobile’s direct-to-device business.
MoffettNathanson estimated SpaceX’s post-debut market capitalization at roughly $1.77 trillion.
On July 14, 2026, MoffettNathanson initiated coverage on SpaceX with a Neutral rating and a $131 target share price.
MoffettNathanson warned that foreign-owned space systems used for critical national telecommunications infrastructure could face regulatory and antitrust pushback from international governments.
MoffettNathanson warned that SpaceX’s use of its launch dominance in adjacent sectors such as consumer telecommunications and orbital AI hosting creates political risk.