Is SpaceX Actually Worth $10 Trillion?
Yahoo Finance ·
Wall Street is generally bullish on Space Exploration Technologies ( SPCX +1.89% ) shares. The average price target for the space stock is $232 as I write this, implying roughly 50% upside. More than 30 analysts currently cover the company known as SpaceX, the majority of whom have a "buy" rating on its shares. Only two analysts currently have a "sell" rating. The most bullish analyst, Brian Gesuale of Raymond James , has an astounding $800 price target on shares. That would value SpaceX at $10 trillion. To understand why Gesuale is so optimistic, it's important to understand where he sees SpaceX heading in the years ahead. Gesuale thinks SpaceX's business will be critical to the foundation of the 21st-century economy, similar to the railroads of past eras. "We see the company as one of the defining industrial infrastructure companies of the 21st century," Gesuale wrote. "Just as railroads, electric grids, and the Internet reshaped prior economic eras, we believe SpaceX is building the foundational platform for the next generation of industrial capacity."
DYAX Investor Sentiment
Bullish (Long) 51% · Bearish (Short) 49%
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