UBS: SpaceX Has an Unmatched Asset Portfolio

BlockBeats News, July 8th, a UBS analyst stated that Elon Musk's SpaceX has introduced a business model that allows it to capture opportunities in the space, interconnectivity, and artificial intelligence sectors. They initiated coverage of the stock with a Buy rating and a target price of $210. "We view SpaceX as a set of unparalleled assets that provide multiple upside drivers for long-term investors with risk tolerance." The UBS analyst mentioned that expanding the scale of its Starship launch vehicle will enable SpaceX to unlock opportunities in the space, communication, and AI fields, with its total addressable market nearing $30 trillion. (Golden Finance)