Financial Firms Raise SpaceX Outlook After Starship Reaches Orbit
Mizuho and other financial firms reiterated bullish ratings for SpaceX following the successful Starship Flight 14 mission and the deployment of 26 Starlink V3 satellites.
Space Exploration Technologies Corp. achieved a major milestone with its Starship Flight 14 mission, marking the first time the vehicle reached orbit. During the flight, the company successfully deployed 26 Starlink V3 satellites and demonstrated improved booster performance and reentry capabilities.
Following the mission, several financial firms reiterated bullish ratings on the company. Mizuho maintained an Outperform rating with a $200.00 price target, noting that the flight supports the company's development roadmap and network capacity for AI and connectivity growth. BofA Securities maintained a Buy rating with a $235.00 price target, while Clear Street LLC reiterated a Buy rating with a $217.00 target.
Analysts project significant financial growth, with UBS expecting third-quarter revenues to reach $13.8 billion driven by cloud compute deals and AI products. TD Cowen highlighted the expansion of the company's AI compute leasing business. Overall, analysts forecast 144% revenue growth for the year and predict the company will turn profitable despite previous losses.
