Space Exploration Technologies Corp. (NASDAQ:SPCX) is one of the Best Space Technology Stocks to Buy Now.
Wall Street has a positive opinion about Space Exploration Technologies Corp. (NASDAQ:SPCX)
Recently, on July 7, Deutsche Bank initiated coverage of the stock with a Buy rating and a $225 price target. On the same day, Cantor Fitzgerald also initiated coverage of the stock with a $246 price target. Deutsche Bank noted that the bullish rating is based on the fact that SpaceX has done what the government couldn’t do for decades, that is, they have made large rockets that are reliable, reusable, and becoming affordable.
The firm also highlighted the company’s Starlink as an agile and resilient network that is serving consumers, enterprises, and governments. The firm sees a clear SpaceX advantage in AI. It points to AI infrastructure deployment on the ground and eventually in orbit.