Quick Read – Oppenheimer initiated SpaceX with an Outperform rating and $190 price target, implying roughly 40% upside from its $135 IPO price. – SpaceX generated $48 billion in revenue across four mutually reinforcing segments: Starlink, launches, AI compute, and Grok. – Cloud…
ants will collectively spend over $700 billion on AI infrastructure in 2026, and SpaceX’s Starlink network positions it to capture a share. – The IPO market has spent years searching for a company capable of reigniting investor enthusiasm. SpaceX (NASDAQ:SPCX) may be that company
After debuting in the largest IPO in history, the aerospace and AI giant immediately became one of the market’s most closely watched stocks. While many IPOs struggle to justify lofty valuations, at least one Wall Street analyst believes SpaceX is only getting started. Oppenheimer initiated coverage with an Outperform rating and a $190 price target, implying roughly 40% upside from the company’s $135 IPO price.
More importantly, the firm’s bullish case isn’t based on hype. It rests on multiple businesses that are growing simultaneously and could reinforce one another over the next decade. More Than Just a Rocket Company Many investors still think of SpaceX primarily as a launch provider.