Oppenheimer sets a $190 price target for SpaceX shares after the IPO prices at $135 amid high valuation concerns.
SpaceX’s initial public offering priced at $135 per share, with Oppenheimer assigning an Outperform rating and a $190 target. The valuation reflects strong market optimism despite risks tied to the company’s long-term growth trajectory.
The IPO follows a $68 billion windfall from early stakes accumulated over 15 years. Analysts weigh the high valuation against SpaceX’s dominance in aerospace and satellite markets, though concerns persist over execution risks.
Markets remain cautious as traders assess the IPO’s impact on tech valuations and broader equity sentiment ahead of the Fed’s upcoming decision.