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Benzinga
Benzinga
Business
Surbhi Jain

SpaceX’s 91% Growth Forecast Isn’t Just a Rocket Story, JPMorgan Says

JPMorgan SpaceX Doug Anmuth Space Exploration Technologies Corp Starship
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A price target with a 40% upside wasn’t the boldest prediction in JPMorgan’s 150-page initiation report on Space Exploration Technologies Corp. (NASDAQ:SPCX).

The real headline may be the bank’s expectation that the company can grow revenue at a staggering 91% annual rate through 2030—a forecast that, according to JPMorgan, has surprisingly little to do with selling more rocket launches.

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