MarketPR
Morgan Stanley analyst Adam Jonas put a $300 price target on Space Exploration Technologies (NASDAQ: SPCX) in July, implying 129% upside from the stock's current level of $131.
SPCX is down 35% from its post-IPO high but has advanced more than 10% since the first lockup expiration cleared Aug. More unlocks are ahead, and the supply math gets bigger each round.
The print and the forecast SpaceX delivered its first quarterly report as a public company in Q2. Revenue came in at $7.8 billion, up 92% year-over-year, a sharp acceleration from 15% growth in Q1.
The AI segment led the move; sales there more than tripled. Net loss was $541 million, or $0.09 per diluted share, as AI compute spending expanded.
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