SpaceX Receives Initial Buy Rating from Global Brokerages, with Goldman Sachs Setting $300 Price Target

BlockBeats News, July 7th. Global brokerages have begun covering research on Elon Musk's SpaceX (SPCX.O), and currently, Wall Street has reached a preliminary consensus: Buy rating on the stock. At least six brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have issued a Buy rating, optimistic about its long-term growth prospects despite concerns about profitability and valuation.

A Morgan Stanley analyst stated in a report on July 7th: "SpaceX can massively convert energy into intelligence and commercialize it through consumer and enterprise solutions in the AI era." The target price is $300, ranking at the top among Wall Street investment banks, implying an 87% upside from Monday's closing price of $160.42. The analyst believes that SpaceX's stock price could range from as low as $75 to as high as $600 in bear and bull market scenarios, with revenue reaching $319 billion by 2030 and $33 trillion by 2040.