SpaceX Hovers Near IPO Price as Analysts See Big Upside in AI and Starlink
TL;DR Summary
SpaceX stock SPCX is trading around its $135 IPO price as Wall Street analysts peg an average target near $218, betting big on AI infrastructure and Starlink to drive growth. AI revenue was $2.56B last quarter and Starlink revenue reached $4.2B, with SpaceX aiming for about $100B in annual recurring revenue by 2026 and up to $1T in revenue by 2030. A potential move to a multi-trillion dollar valuation could occur if these bets pay off, but near-term profitability is uncertain due to heavy capital spending, making the stock a high-risk, high-reward play.
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