SpaceX Stock Is Worth This Much, According to Dan Ives (Hint: Big Gains Ahead)
Yahoo Finance ·
Wedbush research analyst Dan Ives recently initiated coverage on Space Exploration Technologies ( SPCX 5.81% ) , marking a notable moment for Elon Musk's newly public company. Following SpaceX's historic IPO , Ives published an upbeat assessment emphasizing the company's space industry heritage and its emerging role in artificial intelligence (AI) infrastructure. Ives' analysis frames SpaceX as more than a rocket and satellite operator, highlighting its status as a vertically integrated technology business with recurring revenue streams and strategic depth that could deliver long-term gains. Ives assigned SpaceX an outperform rating and a 12-month price target of $190. This implies roughly 18% upside from where it closed Monday's trading session. His optimism is supported by a sum-of-the-parts valuation model anchored to fiscal 2028 estimates, projecting an enterprise value near $2.5 trillion. Central to the thesis is Starlink's potential to mature into a durable profit engine through steady subscription revenue. Interestingly, Ives is not the only analyst on Wall Street who sees game-changing potential from Starlink. Timothy Horan of Oppenheimer also cites Starlink's potential to disrupt the telecommunications industry as a major driver of SpaceX's future growth.
DYAX Investor Sentiment
Bullish (Long) 55% · Bearish (Short) 45%
398 participants
Related News
- SEC forms working group to combat retail investor fraud
- DeekSeek reportedly developing own AI chip to reduce reliance on Nvidia, Huawei
- CleanSpark continues to see highest SI among firms with mcap above $2B in June
- Trimble gains on report it's trying to sell transportation, logistics unit - report
- Forum Markets records June SI of 25.67%, highest among micro and small-cap firms
- NATO to buy up to five Northrop Grumman Triton surveillance drones