SpaceX Stock Is Worth This Much, According to Dan Ives (Hint: Big Gains Ahead)
The Wedbush analyst initiated coverage of SpaceX stock with a $190 price target.
Overview
Wedbush research analyst Dan Ives recently initiated coverage on Space Exploration Technologies (NASDAQ: SPCX), marking a notable moment for Elon Musk's newly public company. Following SpaceX's historic IPO, Ives published an upbeat assessment emphasizing the company's space industry heritage and its emerging role in artificial intelligence (AI) infrastructure.
Ives' analysis frames SpaceX as more than a rocket and satellite operator, highlighting its status as a vertically integrated technology business with recurring revenue streams and strategic depth that could deliver long-term gains.
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Details
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Originally published at www.fool.com.
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