A Tesla bull gives SpaceX stock a "buy" rating

In a few weeks, this number will approach 50. The rocket and AI company under Elon Musk has shown volatile movement in post-IPO trading, with investors closely watching Wall Street’s perspective on its valuation. The latest rating has given a bullish outlook, valuing SpaceX at up to $2.5 trillion. On Tuesday evening, Wedbush analyst Dan Ives initiated coverage of SpaceX stock. He assigned the stock an initial “Buy” rating with a price target of $190. He wrote, “We view SpaceX as one of the most differentiated assets in the technology market. The company has strong influence across three core markets: Starlink has been highly successful in network connectivity, Starship launches have spun the demand flywheel, and its Colossus data center transaction flow continues to increase.” Compared to Falcon 9, Starship can reduce the cost of entering space by 90%, which is critical. Lower costs will give rise to more space applications, such as in-orbit AI data centers. “All of SpaceX’s future business will rely on Starship, whether it’s the next-generation Starlink, in-orbit AI computing constellations, the Artemis lunar lander, or the cost and capacity leaps underpinning its entire long-term hypothesis,” Ives added. “This vehicle is the company’s single largest source of value, and also its greatest risk.”