Jul. 10 at 2:10 AM
Wall Street analysts launched coverage of SpaceX with overwhelmingly bullish ratings after the IPO quiet period expired, with firms including Morgan Stanley, JPMorgan, and Goldman Sachs assigning buy-equivalent recommendations. The average price target is about
$236, implying roughly 58% upside, while Raymond James issued the Street's most bullish target of
$800, citing SpaceX's long-term AI infrastructure, Starlink, and space-services growth potential despite ongoing concerns about profitability, execution, and valuation.
Analysts increasingly view SpaceX as a long-term AI and connectivity platform rather than solely a launch company, expecting AI services and Starlink to become its primary value drivers. Morgan Stanley highlighted AI cloud demand as a major growth catalyst, while Bloomberg Intelligence said launch operations will gradually become less important than AI and satellite communications. SpaceX is also expected to benefit from index inclusion.
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