Wedbush says SpaceX still has room to run

New analyst love

Wedbush just jumped into SpaceX coverage with an Outperform rating and a $190 price target. That’s the market’s version of someone walking into the room and saying, “Actually, I’m still buying the dip,” except the dip is a rocket company and the price target is doing a lot of heavy lifting.

Why this matters

For a company like SpaceX, analyst coverage isn’t just a sticker on the windshield. It can influence how investors think about the company’s growth runway, its satellite business, launch cadence, and the ever-fascinating question of what this thing is actually worth in the private market.

• A new bullish initiation can add fuel to valuation optimism
• It may also reinforce the idea that SpaceX still has multiple engines firing: launch, Starlink, and future optionality
• On the flip side, the stock’s already been living in a very “how high can we set the bar?” neighborhood

Big picture

This isn’t an earnings print or a product launch, so there’s no immediate operational surprise here. But in a market that loves a narrative almost as much as it loves revenue, a fresh Outperform call can keep the SpaceX hype train rolling a little longer.