SpaceX shares rose over 17% following a strong Q2 earnings report showing 92% revenue growth to $7.8 billion, driven by Starlink subscriber growth and AI services. However, Phillip Securities analyst Glenn Thum issued a 'Sell' rating, warning of a potential 46.6% price drop to $75 within 12 months due to high capital spending and reliance on short-term contracts. While Wall Street analysts mostly predict a bullish outlook with an average 12-month target of $232.35, the stock faces resistance near $149 and risks a decline if long-term contracts for AI and Starlink are not secured.
Shares of major space companies like SpaceX, Rocket Lab, and AST SpaceMobile dropped Tuesday, driven by a broad selloff in AI hardware stocks and rising Treasury yields. While the overall Industrials sector gained, space stocks—classified under Indus...
Ray Dalio, founder of Bridgewater Associates, warns that the AI market in 2026 exhibits classic bubble characteristics similar to 1929 and 2000. He highlights the gap between actual cash and inflated valuations, where startups are valued at billions ...
SpaceX shares are set to open lower following the upcoming release of 319 million shares held by employees and early investors, becoming eligible for sale on August 20. This is the second major stock release since the company's record June IPO, follo...
Bernstein analyst Doug Harned raised SpaceX's price target to $248, highlighting the potential of orbital AI data centers to boost revenues to over $600 billion by 2031. Key to this growth is SpaceX's plan to achieve nearly one Starship launch per da...
UBS highlights a potential growth surge for SpaceX's Starlink broadband as next-gen V3 satellites and a unique ground-network strategy could expand coverage significantly. The bank expects accelerated growth once V3 satellites reach critical mass nex...
