Cantor Fitzgerald analyst maintains $246 price target for SpaceX stock
SpaceX is set to report its second quarter earnings on August 4. The company’s stock has fallen below its $135 IPO price due to concerns over heavy spending and uncertain cash flow.
The analyst’s thesis is built around SpaceX’s unique control over its economic chain, allowing it to deploy Starlink satellites at a lower cost. This control enables the company to generate subscription sales and monetize services through its AI operation.
The analyst’s $246 price target implies a 127% upside from the current price of $108.37. This target is based on the company’s potential to sustain its broader ambitions through its financial firepower.