Arete initiated coverage of SpaceX with a 'Buy' rating and a $401 price target, highlighting the growth potential from Starlink V3 satellites expanding suburban broadband markets. Analysts praise SpaceX's engineering approach and its leadership in space transport, connectivity, and AI. Gabelli Funds also sees SpaceX as a top growth stock, noting Starlink's $7.5 billion EBITDA and high margins. Some forecasts, like Aitken Mount Capital Partners, are even more bullish, projecting a $500 target, driven by limited share float and insider confidence. Key upcoming events include SpaceX's first earnings report on August 11, which could influence insider selling and stock momentum.
Bill Ackman praised SpaceX's strong market position following its $2.5 trillion valuation and smooth IPO debut. He noted SpaceX's ability to leverage its size for major deals, like acquiring AI startup Cursor, boosting its AI business potential. Ackm...
SpaceX's IPO, priced at $135 and raising $75 billion, surged 50% in three days, driving strong demand in space-themed ETFs. Leveraged ETFs offering concentrated SpaceX exposure launched rapidly, while broad equity and thematic space ETFs integrated S...
Tom Sosnoff, CEO of LossDog, predicts SpaceX (SPCX) stock will fall below its IPO price of $135 within 60 days, despite initial gains. He sold his shares early at $158, citing unsustainable market conditions and extreme volatility in options pricing....
SpaceX shares held steady in premarket trading after surging more than 40% following its historic IPO last week at $135 per share. The company briefly became one of the world's most valuable, with a market cap surpassing Amazon and Microsoft. Recentl...
Jeff Bezos stated that artificial intelligence will lead to labor shortages by enabling more work and creation, rather than replacing human jobs. He argues this based on historical automation trends where new technology created more jobs, often highe...
