Bank of America initiated coverage on SpaceX with a Buy rating and a $235 price target, arguing the company has evolved from a rocket launcher into a backbone of the broader space economy. This is a favorable Wall Street signal that could support the stock near term, though it is primarily driven by analyst initiation rather than new operating results.
Bank of America initiated coverage on SpaceX with a Buy rating and a $235 price target, arguing the company has evolved from a rocket launcher into a backbone of the broader space economy. This is a favorable Wall Street signal that could support the stock near term, though it is primarily driven by analyst initiation rather than new operating results.
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