SpaceX Receives Outperform Rating and $190 Price Target as AI Infrastructure Play
SPCX•Wedbush initiated coverage of SpaceX with an Outperform rating and set a $190 price target, marking the stock as a buy recommendation. The firm characterized the company as an artificial intelligence infrastructure play leveraging its satellite network and computing assets rather than a traditional space business.
1. Initiation of Coverage
Wedbush launched its first coverage of SpaceX by assigning an Outperform rating and establishing a $190 price target, signaling confidence in the company’s growth prospects.
2. AI Infrastructure Positioning
The analyst team redefined SpaceX as an artificial intelligence infrastructure provider, emphasizing its global satellite constellation and in-orbit compute capabilities over traditional space launch services.
