Wall Street investment banks have given bullish ratings, and Space X has received positive research reports in the early stage of its listing
After Elon Musk's aerospace and artificial intelligence company SpaceX went public, many global investment banks began to cover it, and the market view was highly unified: it was recommended to buy the stock, which was unanimously optimistic at the beginning of Wall Street. There are already at least six investment banks (including ) gave a rating equivalent to "buy" and continued to be optimistic about the long-term growth logic of space exploration technology companies. Although the company's listing is unprecedented, the market still has doubts about its profitability, project implementation ability and valuation level. This analyst rating is of great significance, providing investors with a valuation reference and no longer simply viewing SpaceX as a high-risk forward project led by Musk. The $86 billion IPO was funded by Goldman Sachs, Morgan Stanley, Leading the underwriting, 18 other banks participated; this week, the quiet period of the underwriting investment bank analysts officially ended, and they were able to release individual stock research reports to the outside world. Analysts such as Morgan Stanley's Adam Jonas wrote in a July 7 research report: "SpaceX has the ability to convert computing power into intelligence on a large scale. In the future, it can face the next generation of artificial intelligence, the ultimate frontier, and achieve diversified monetization through various products for individuals and enterprises." The bank has a $300 price target, the highest on Wall Street. That compares to the stock's Monday closing price of $160.42, a potential gain of 87%. The Morgan Stanley team estimates that the SpaceX stock price scenario range is: US$75 in the pessimistic scenario and US$600 in the optimistic scenario; revenue is expected to reach US$319 billion in 2030 and increase to US$3.3 trillion in 2040.