Analyst Dan Ives assigns SpaceX an outperform rating with 18% upside potential based on long-term growth projections.
Wedbush analyst Dan Ives initiated coverage on SpaceX with a $190 price target, implying 18% upside from its recent closing price. The rating reflects optimism about the company’s dual role in aerospace and AI infrastructure, supported by a sum-of-the-parts valuation model targeting a $2.5 trillion enterprise value by 2028.
Ives highlighted Starlink’s recurring subscription revenue as a key profit driver, aligning with broader Wall Street sentiment. Oppenheimer’s Timothy Horan also cited Starlink’s potential to disrupt telecommunications, reinforcing SpaceX’s strategic positioning beyond traditional aerospace.
The analysis underscores SpaceX’s vertical integration and participation in hyperscaler AI build-outs, framing it as a long-term growth play rather than a standalone rocket or satellite operator.