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The Economic Times
The Economic Times

US stocks: Oppenheimer launches Wall Street's first coverage of SpaceX with bullish outlook

SpaceX Oppenheimer Timothy Horan Starlink IPO

Oppenheimer became the first global brokerage to start coverage of SpaceX, ahead of the rocket and AI company's highly anticipated $75 billion market debut on Friday.

The brokerage issued an "outperform" rating and set a price target of $190, implying an upside of nearly 41% to SpaceX's IPO price of $135.

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