Investment Bank Susquehanna: Bullish on SpaceX's Space Business, But Maintains Neutral Rating

BlockBeats News, June 23rd, investment bank Susquehanna International Group initiated coverage on SpaceX (ticker: SPCX) for the first time, with a "Neutral" rating and a target price of $170, citing the company's strong growth prospects but noting its current high valuation.

The firm expects the company's revenue to continue to grow rapidly until 2030, mainly driven by its launch business, Starlink, and AI-related applications.

However, the analysts also advised investors to wait for a better entry point and highlighted potential risks, including SpaceX Starship development delays, increased competition in the Starlink market, and uncertainty around AI-related revenue.