SpaceX shares surged about 5.9% to $148.21, rebounding from a 52-week low, driven by strong Q2 results showing 247% AI revenue growth and doubling Starlink subscribers to 12 million. The company recently completed its $60 billion acquisition of AI startup Cursor, boosting its AI compute capabilities. UBS reaffirmed a Buy rating, highlighting Starlink expansion and upcoming broadband advances, though challenges remain in securing low-band spectrum. Institutional investors like NVIDIA and Harvard hold significant stakes, signaling confidence. Meanwhile, peers Nebius and CoreWeave showed mixed trading after strong recent gains, reflecting sector rotation from AI renters to hardware suppliers.
SpaceX shares rose 4% following Pivotal Research's initiation of coverage with a Buy rating and a $220 price target, significantly above current levels. The boost reflects strong growth in SpaceX's AI compute, Starlink, and launch businesses, with Q2...
Intel's stock surged nearly 20% recently, prompting Northland Securities analyst Gus Richard to upgrade it from 'Market Perform' to 'Outperform' with a $120 price target. The upgrade is driven by Intel's strong pricing power, major capital investment...
Wall Street analyst Jeffrey Wlodarczak from Pivotal Research initiated a 'Buy' rating for SpaceX stock, highlighting Starship's reusability as the critical factor for the company's growth and valuation. He set a 12-month price target of $220, suggest...
President Trump declared the Moon as U.S. property on social media, though this does not change the 1967 Outer Space Treaty. However, the U.S. Fiscal Year 2027 budget boosts the Space Force funding by $39.4 billion to $71.2 billion, driving record co...
Over the past year, SpaceX attracted over $7 billion from 108 institutional investors, with no reported sellers, highlighting strong confidence in its growth prospects. Key drivers include the expansion of Starlink, government contracts, and the upco...
