Wedbush initiated coverage of SpaceX with an 'outperform' rating and a $190 price target, highlighting the company's evolution beyond rockets into a hyperscaler with three main segments: Starlink connectivity, Starship launches, and AI compute. Starlink leads profitability with 12 million subscribers and significant revenue potential, while Starship's reusable rockets reduce costs and support satellite deployment. The $190 target is based on 2028 forecasts valuing connectivity, AI, and space segments differently, with further upside possible from new technologies and business models. Challenges remain, including proving Starship's orbital capabilities and expanding AI infrastructure.
Nasdaq announced that SpaceX will be added to the Nasdaq-100 Index starting July 7, 2026. This inclusion is part of a trend where Nasdaq has added 42 companies since 2022, with mixed short-term stock performance after joining. Historically, stocks ad...
SpaceX went public on June 12 with a market cap exceeding $2 trillion and saw its stock surge 53% above the opening price within three days, though gains later moderated to a 17% increase. Its swift inclusion in major indexes like the Russell 1000 an...
Elon Musk has denied reports that SpaceX is developing a handheld AI device similar to an iPhone, calling such claims "utterly false." The Wall Street Journal reported that SpaceX showed investors a prototype device running on its own operating syste...
Wedbush Securities has started coverage on several space and defense stocks including SpaceX, AeroVironment, Kratos Defense, Voyager Technologies, and Planet Labs, rating all as outperform. Analysts believe the recent market dip offers a rare chance ...
Wedbush analyst Sam Brandeis upgraded SpaceX stock to 'Outperform' with a 12-month price target of $190, forecasting an 11.2% rise from its recent close of $170.86. The analyst highlights SpaceX's strong position in launch capabilities, AI infrastruc...
