Wedbush Securities has started coverage on several space and defense stocks including SpaceX, AeroVironment, Kratos Defense, Voyager Technologies, and Planet Labs, rating all as outperform. Analysts believe the recent market dip offers a rare chance to invest in these sectors, despite some companies having high valuations. This bullish outlook suggests potential growth as interest in space and defense industries increases.
SpaceX went public on June 12 with a market cap exceeding $2 trillion and saw its stock surge 53% above the opening price within three days, though gains later moderated to a 17% increase. Its swift inclusion in major indexes like the Russell 1000 an...
Elon Musk has denied reports that SpaceX is developing a handheld AI device similar to an iPhone, calling such claims "utterly false." The Wall Street Journal reported that SpaceX showed investors a prototype device running on its own operating syste...
Wedbush initiated coverage of SpaceX with an 'outperform' rating and a $190 price target, highlighting the company's evolution beyond rockets into a hyperscaler with three main segments: Starlink connectivity, Starship launches, and AI compute. Starl...
Wedbush analyst Sam Brandeis upgraded SpaceX stock to 'Outperform' with a 12-month price target of $190, forecasting an 11.2% rise from its recent close of $170.86. The analyst highlights SpaceX's strong position in launch capabilities, AI infrastruc...
June 2026 marked a record 214 ETF launches, highlighting growing investor interest in AI infrastructure, especially memory semiconductors, and social impact investing. Notable funds include the Defiance Autism Impact ETF, which supports autism-relate...
