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Barchart
Barchart
Nauman Khan

SpaceX Stock Could Jump 62%. Is Elon Musk’s AI Bet a Golden Opportunity or Costly Gamble?

SpaceX Artificial Intelligence Starship Barclays Starlink Satellites

SpaceX (SPCX) just got a fresh vote of confidence from Wall Street. Barclays analyst Anthony Valentini initiated coverage with an Overweight rating and a $254 price target. That implies a hefty 62% upside from the stock's current price around $156.

The call came just days after the company's Starship rocket successfully launched 26 Starlink satellites into orbit for the first time. Pressured by downgrades from analysts and setbacks in engineering, this stock trades well below its IPO peak, yet it continues to draw fresh investor interest.

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