Wall Street Analysts Collectively Bullish on SpaceX, Highest Target Price Reaches $800

TechFlow news, July 07, according to CoinDesk, the 25-day quiet period after the SpaceX (SPCX) IPO ended, and major Wall Street brokerages initiated coverage and gave buy ratings. Goldman Sachs target price $205, Morgan Stanley target price $300, Raymond James was the most aggressive, giving a Strong Buy rating and an $800 target price. SpaceX listed in June this year at $135/share, raising $75 billion, and as of Tuesday the stock price was reported at $150.93. Analysts are generally optimistic about its diversified business layout including launch services, Starlink satellite broadband, and government contracts, and called it "one of the most representative industrial infrastructure companies of the 21st century". Additionally, SpaceX held 18,712 BTC as of March 31 this year.