An Oppenheimer Analyst Thinks SpaceX Could Be Worth $10 Trillion in Five Years

Oppenheimer analyst Tim Horan defended a seemingly extreme price target on CNBC, implying the valuation can be justified by the underlying math. The piece is primarily commentary on AI/satellite infrastructure expectations and analyst positioning rather than a new corporate event or financial result. Market impact should be limited, with the main relevance being to sentiment around AI infrastructure names.

Analysis

Oppenheimer analyst Tim Horan defended a seemingly extreme price target on CNBC, implying the valuation can be justified by the underlying math. The piece is primarily commentary on AI/satellite infrastructure expectations and analyst positioning rather than a new corporate event or financial result. Market impact should be limited, with the main relevance being to sentiment around AI infrastructure names.