UBS: SpaceX Boasts an Unparalleled Asset Portfolio
2 hours ago
UBS analysts stated that Elon Musk’s SpaceX has a business model enabling it to seize opportunities in the space, connectivity, and artificial intelligence sectors. The bank initiated coverage on the stock, assigning a buy rating and setting a target price of $210. “We view SpaceX as an unmatched set of assets that offers multiple upside drivers for long-term investors with risk tolerance,” the UBS analysts said. They added that scaling up its Starship launch vehicle will allow SpaceX to unlock opportunities in the space, communications, and AI sectors, whose total potential market is nearly $30 trillion. (Source: Jin10)
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