XSPC
The Street can’t stop arguing
SpaceX stock is suddenly getting treated like the hottest group chat in finance: everybody’s got a take, nobody’s agreeing, and the valuation fight is getting louder by the minute. One camp says investors are paying today for AI and orbital-compute dreams that are still somewhere between “interesting” and “please show me the revenue.”
Bulls, bears, and a whole lot of math
On the bearish end, CFRA kicked off coverage with a Sell and a $115 target, arguing the market is already pre-paying for a future that hasn’t fully arrived yet. Susquehanna told investors to basically chill and wait for a better entry, with a $170 target after a massive drawdown. Meanwhile, New Street and Oppenheimer are still leaning optimistic, with targets of $165 and $250, respectively, because they think SpaceX’s launch, broadband, defense, and AI optionality deserve a much bigger premium.
The funny part? Everyone agrees SpaceX owns rare assets. The fight is over whether those assets already have a price tag attached that’s way too fancy.
Why investors should care
This isn’t just a stock pitch fight — it’s a live referendum on how much future growth you can stuff into a current valuation before it starts puffing out the seams. The average target sits at $178.33, which is still above the premarket quote around $153.19, but the spread between the bears and bulls is basically a canyon.
Big picture: when a stock becomes a valuation Rorschach test, the move can be driven as much by narrative as fundamentals. That’s great if you’re a believer. Less great if you’re the one holding the bag when the story gets rewritten.