Buy SpaceX Stock Before It Soars 435% to $10 Trillion, According to 1 Wall Street Analyst
A Wall Street analyst has issued a bullish rating on SpaceX, predicting a 435% upside and a potential $10 trillion market valuation. The thesis relies on the commercialization of space travel and the cost-reduction potential of the Starship spacecraft.
Space Exploration Technologies ( SPCX 2.62% ) , aka SpaceX, has quickly become one of the most noteworthy stocks to hit the market in some time. The rocket launch, satellite communications, and artificial intelligence (AI) company saw insatiable demand ahead of its public debut. Despite raising $85.7 billion, the offering was more than four times oversubscribed, according to reports. Put another way, demand was more than four times the available shares.
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