Dan Ives Says SpaceX's ‘Demand Flywheel’ is Just Getting Started As Wall Street Veteran Roger Altman Questions How Anyone Can Value the Stoc

Wedbush analyst Dan Ives has initiated coverage on the newly public Space Exploration Technologies Corp. (NASDAQ: SPCX ) with a highly bullish outlook, betting on the company’s emerging “demand flywheel” just as the stock prepares for massive passive capital inflows from its upcoming Nasdaq-100 inclusion on July 7. However, Wedbush’s $190 price target arrives amidst a fierce Wall Street debate, highlighted by Evercore founder Roger Altman ‘s recent warning that "nobody understands" how to accurately value the volatile aerospace and AI giant. Driving The Flywheel In a note to clients, Wedbush assigned an Outperform rating to SPCX, framing the company as a dominant, vertically integrated platform across connectivity, launch, and AI infrastructure. Ives emphasized that Starship launches are leading to a powerful "demand flywheel and increasing deal flow for...