SpaceX Has Unparalleled Set of Assets

Dow Jones07-08 16:47

0847 GMT - Elon Musk's Space Exploration Technologies offers a business model that allows it to tap opportunities across space, connectivity and artificial intelligence, UBS analysts write in a note to clients. They initiate coverage of the stock with a buy rating and a $210 price target. "We view SpaceX as an unparalleled set of assets with multiple drivers of upside for risk tolerant, long term investors," they say. Scaling its Starship launch vehicle will allow SpaceX to unlock opportunities in space, communications and AI with a total addressable market nearing $30 trillion, the analysts say. SpaceX shares are up 1% premarket at $151.02. (mauro.orru@wsj.com)

(END) Dow Jones Newswires

July 08, 2026 04:47 ET (08:47 GMT)

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Scaling its Starship launch vehicle will allow SpaceX to unlock opportunities in space, communications and AI with a total addressable market nearing $30 trillion, the analysts say. SpaceX shares are up 1% premarket at $151.02. 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