Analysts see 16% upside for SpaceX, citing Starlink growth and AI infrastructure as key drivers for valuation expansion.
Wedbush initiated coverage on SpaceX with an ‘outperform’ rating and a $190 price target, reflecting 16% upside from Tuesday’s $163.33 close. The firm highlighted SpaceX’s evolution into a hyperscaler, driven by Starlink’s 12 million subscribers and $66 average revenue per user.
Starlink remains the primary profit engine, though it holds less than 1% of the global telecom market. Wedbush called the penetration phase ‘early innings,’ with Starship’s reusability and AI investments positioning SpaceX for long-term growth. The company’s $86bn IPO haul, partially allocated to AI, provides near-term funding stability.
Analysts expect Starship’s capacity to launch 60 satellites per mission—double Falcon 9’s payload—to accelerate deployment and reduce costs, reinforcing SpaceX’s competitive edge.