SPCX Shares Jump 10% Premarket as Morningstar Raises Fair Value
Morningstar raised its fair value estimate for SpaceX to $70 per share from $62 after third-quarter earnings, citing Starship reusability and potential space-based AI data centers.
SpaceX (SPCX) shares rose 10% in Wednesday’s premarket after Morningstar lifted its fair value estimate to $70 per share from $62 following third-quarter (Q3) earnings. The firm cited Starship reusability and the potential for AI data centers in space. SpaceX stock was 10% higher in Wednesday’s premarket.