Morgan Stanley analyst Adam Jonas reaffirmed a 'Buy' rating on SpaceX stock, forecasting a 116% rise to $300 in 12 months, driven by optimism around the upcoming Cursor acquisition. The firm also outlined a bullish scenario where the stock could reach $600 if Cursor evolves significantly, projecting Cursor's annualized revenue to hit $8 billion by year-end and $33 billion by 2030. Despite this, the valuation implies a market cap near $4 trillion, which is ambitious compared to established tech giants' earnings. Overall, Wall Street consensus is moderately positive with an average 12-month target of $231.15, reflecting a 66.6% expected gain. SpaceX stock recently rallied 32% from its all-time low but remains below its IPO peak.
Tesla's stock has been slowly recovering in August after a significant drop earlier in the year, with AI models predicting a continued rally of up to 5.4% by the end of the month. The mixed forecasts range from a minimal 0.09% increase to a bullish 5...
Riot Platforms announced a $9.1 billion, 20-year deal to supply AI data center capacity to Anthropic, with potential extensions up to $16.1 billion, driving a 20% premarket stock surge. Plug Power's shares rose 11% after beating Q2 expectations, impr...
Retail investors became net sellers of SpaceX stock on August 7 for the first time since its June IPO, selling $4.5 million worth of shares amid a sharp rally. This shift suggests some investors were locking in profits after weeks of buying, despite ...
SpaceX reported earnings for the first time in its 24-year history, revealing an exceptionally high capital expenditure on AI, which accounted for 86% of total spending. This led to an 11% drop in the stock price immediately after the report. Despite...
SpaceX's stock, after a historic IPO priced at $135 and peaking in the low $200s, fell over 50% by early August but has since rallied 26% off its low. The rebound is driven by strong quarterly earnings showing 92% revenue growth and narrowing losses,...
