Morgan Stanley highlights SpaceX's AI software platform Cursor, used by over 64% of Fortune 500 companies, projecting $8 billion in annual recurring revenue (ARR) by year-end and $33 billion by 2030. This positions SpaceX as a major player in high-margin AI software, complementing its launch and satellite business. The firm sets a $300 price target for SpaceX, noting its AI segment's rapid growth and the upcoming $60 billion Cursor acquisition. Compared to peers like Microsoft, Alphabet, and ServiceNow, SpaceX's software business is undervalued, suggesting significant upside potential as the market recognizes this software layer.
Elon Musk announced that SpaceX's next-generation Starlink satellites will deliver about 10 terabits per second (Tbps) of bidirectional bandwidth, with a potential path to over 100 Tbps. This leap could enable Starlink to carry the majority of the wo...
SpaceX plans to reach 5-10 gigawatts of computing capacity by 2027, potentially making artificial intelligence its largest long-term revenue source. Estimates suggest 10 GW could generate around $300 billion in annual recurring revenue if half of thi...
NASA has assigned SpaceX to launch the StarBurst satellite on a Falcon 9 rideshare mission by 2028, intensifying competition for small-launch providers like Rocket Lab. SpaceX shows strong cash flow and a robust backlog, making it a safer choice for ...
SpaceX's stock climbed 8% recently after reporting a 92% revenue increase to $7.81 billion, driven by Starlink and AI growth, but also posted a $541 million quarterly loss. The company aims for $100 billion annual revenue by year-end and a trillion-d...
Options traders are heavily buying calls in tech stocks like Intel, AMD, Crowdstrike, and SpaceX amid a Nasdaq rally and Federal Reserve interest rate hike. Intel saw nearly triple its average options volume, driven by bullish bets on its chip produc...
