SpaceX initiated with a Buy at Stifel
Stifel analyst Jonathan Siegmann initiated coverage of SpaceX with a Buy rating and $190 price target. Three key growth pillars underpin SpaceX: its scaled launch infrastructure led by Falcon 9 and the fully reusable Starship, which is expected to further reduce launch costs, the earnings potential of Starlink, which has significant room to expand within the global broadband and direct-to-cell markets, and long-term AI infrastructure optionality through rapidly scaling terrestrial and orbital compute capacity, the analyst tells investors in a research note.
Stifel analyst Jonathan Siegmann initiated coverage of SpaceX with a Buy rating and $190 price target.
Three key growth pillars underpin SpaceX: its scaled launch infrastructure led by Falcon 9 and the fully reusable Starship, which is expected to further reduce launch costs, the earnings potential of Starlink, which has significant room to expand within the global broadband and direct-to-cell markets, and long-term AI infrastructure optionality through rapidly scaling terrestrial and orbital compute capacity, the analyst tells investors in a research note.