Wolfe Research Initiates SpaceX Coverage at Outperform Rating

On June 12, Wolfe Research became the latest firm to launch coverage on SpaceX (SPCX), assigning an Outperform rating just ahead of the company's expected Nasdaq debut. The initiation follows bullish starts from Oppenheimer and New Street Research on June 11, which included price targets of $190 and $165 respectively. Analysts highlighted SpaceX's expansion beyond rockets into AI, Starlink, and cloud infrastructure, with New Street projecting $195 billion in revenue by decade-end and a potential $4 trillion valuation in its bull case. The latest note remains largely behind a paywall, limiting additional details on valuation or financial forecasts.