Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Yiannis Zourmpanos

Despite a Successful Starship Launch and a New 'Buy' Rating, a Steep Valuation Makes Liftoff Tough for SpaceX Stock

SpaceX Starship SPCX TD Cowen Starlink United States

SpaceX (SPCX) shareholders have had a positive week, with Starship Flight 14 recently reaching orbit and deploying 26 Starlink V3 satellites, moving SpaceX closer to launching satellites in large numbers and ultimately toward full reusability. TD Cowen initiated coverage of SPCX stock shortly after the flight, assigning a “Buy” rating and a $200 price target.

The reaction from the market was rather moderate, as SpaceX gained almost 3% on Sept. 29 and closed at $149.24 per share. This may be due to the ongoing debate regarding the newly public company. While the operational performance and revenue growth of SpaceX is impressive, the stock already commands a significant premium in terms of valuation.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Dog gives you the guilty look? Here's what research says it actually means
Walk into a room where something has gone wrong and your dog is already doing it: head low, ears back, eyes wide and soft, maybe a slow tail wag aimed at the floor. Every owner reads this the same way. The dog knows. Except the research says that is probably…
Times Pets
Times Pets
80 Beautiful Pottery Creations That Prove Creativity Has Absolutely No Limits (New Pics)
It’s stunning what people can create with just a lump of wet clay, their own hands, and a little bit of love and creativity. On r/Pottery, folks with all kinds of experience share the most amazing and creative things they made. So, as you scroll and admire the pieces, let…
Bored Panda
Bored Panda
The Story Behind Little Trees Is Even Stranger Than You Think
The iconic tree-shaped air freshener started with a smelly milk truck in 1952. Here's how Little Trees became a car-culture staple.
Motor1
Motor1
Would You Send Money to Someone You’ve Never Met? Romance Scammers Know How to Make You Say Yes
The first request for money might arrive after weeks of sweet messages, late-night conversations, and promises of a future together. It might sound less like a scam than an awkward favor between two people who care about each other.
Clever Dude
Clever Dude
Heavier Phone Use Past 10 at Night Linked with Teens Falling Asleep About 65 Minutes Later
On nights with extra phone use after 10 p.m., teens fell asleep about 65 minutes later, a JAMA Pediatrics study found. What parents can do.
Medical Daily
Medical Daily
We are reclaiming real life after getting rid of Instagram
Letters: Readers on taking back their lives – and brains – from social media algorithms
The Guardian - UK
The Guardian - UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play