SpaceX Will Surpass Nvidia and Become Wall Street's Most-Valuable Public Company by the End of Next Year, According to One Wall Street Analyst
Otherworldly price targets for mega-IPOs rarely (if ever) come to fruition.
SpaceX Will Surpass Nvidia and Become Wall Street's Most-Valuable Public Company by the End of Next Year, According to One Wall Street Analyst
Overview
Less than two weeks ago, Elon Musk's artificial intelligence (AI) and space economy goliath, Space Exploration Technologies (SpaceX)(NASDAQ: SPCX), cemented its name in Wall Street's record books by raising $75 billion with its initial public offering (IPO). This nearly tripled the IPO capital raise by the previous recordholder, Saudi Aramco.
But according to one highly optimistic Wall Street analyst, SpaceX isn't done rewriting history. Based on a new Street-high price target assigned to SpaceX late last week, it could leapfrog the face of the AI revolution, Nvidia, by the end of 2027.
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Originally published at www.fool.com.
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