CFRA has assigned SpaceX a rare Sell rating, according to reports from Investing.com and CNBC.
The research firm said the company faces execution risks as it develops its Starship rocket program. CNBC reported that CFRA described the reusable Starship vehicle as a potential bottleneck for several parts of SpaceX’s business.
The rating stands out because negative calls on SpaceX are uncommon. The reports did not provide further details on the timing of the rating beyond noting that it came shortly after the company’s public listing.
SpaceX is known for its launch and rocket development work, and Starship remains central to its longer-term plans. CFRA’s view suggests concern that delays or technical issues in the program could affect broader operations.