Analysts Go All-In on SpaceX as the Quiet Period Ends. Here's What a $10,000 Investment Could Be Worth in One Year, According to Wall Street
Does a tidal wave of bullish calls and commentary foreshadow good things to come?
Overview
Space Exploration Technologies (NASDAQ:SPCX), aka SpaceX, seized the spotlight well before its initial public offering (IPO) early last month. The rocket launch, satellite communications, and artificial intelligence (AI) company has captured the public imagination as the company awaits several key hurdles in the coming weeks and months.
The first of these hurdles happened on Tuesday, as SpaceX officially joined the Nasdaq-100. Perhaps as importantly, the mandatory quiet period ended for the 23 investment banks associated with the SpaceX IPO. This kicked off a surge of new analyst ratings and the associated commentary -- and to say the overall consensus was bullish might well be an understatement.
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Originally published at www.fool.com.