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SpaceX Makes Nasdaq Debut As Wall Street Reveals What It Really Thinks
Business Insider • • general
Key Points:
- Morgan Stanley initiated coverage of SpaceX with an "overweight" rating and a $300 target price, projecting revenue of $319 billion by 2030 and $3.3 trillion by 2040, though expecting positive cash flow only by 2035 due to high capital expenditures.
- RBC Capital Markets gave SpaceX an "outperform" rating with a $225 price target, forecasting $3 billion EBITDA from space activities, $42 billion from Starlink, and $147 billion from AI by 2029, despite a net loss of $4.9 billion in 2025.
- UBS assigned a buy rating and $210 target, highlighting SpaceX's potential to unlock a $30 trillion market with its Starship rocket and exploring futuristic opportunities like lunar manufacturing via Optimus robots.
- Latin America's largest investment bank also rated SpaceX a buy with a $225 target, describing its market as "all of space" and predicting $1 trillion revenue by 2031, close to Elon Musk's own 2030 estimate.
- Stifel took a more cautious stance with a $190 target, emphasizing Starlink and AI as growth drivers but warning of risks if Starship's expansion is slow, while noting Elon Musk's unpredictable leadership style as a key factor.
