Wall Street Analyst Delivers Massive News for SpaceX Stock Investors!
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Parkev Tatevosian, CFAIndependent analyst profile- Source published
- 04 Jul 2026, 13:45 UTC
- Recorded by Tahlil Plus
- 04 Jul 2026, 13:55 UTC
AI-generated source summary
Dan Ives of Wedbush initiated coverage of SpaceX (SPCX) with an Outperform rating and a $190 price target, suggesting a potential 12% upside from its Tuesday closing price of $171. Despite a dip in early trading on Wednesday, Ives maintains a bullish outlook, citing three key business lines: Starlink, the launch business, and AI/compute. Starlink is identified as the profit engine, with 12 million subscribers and an average revenue per user of $66, holding less than 1% of the global telecom and broadband market. The launch business is viewed as an internal cost center that enables other operations, having completed 170 missions in 2025 and lofted 2,213 metric tons to orbit. The AI and compute segment is highlighted as having significant growth potential, with recent large deals with Anthropic and Google. A key catalyst for SpaceX is its upcoming inclusion in the Nasdaq-100 index on July 7, estimated to draw about $4.3 billion in buying from index-tracking funds. However, Ives acknowledges potential supply pressures from upcoming unlock events and the fact that the launch business is currently a cost center, not a profit driver.
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Parkev Tatevosian, CFA
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