Dan Ives Sets $190 Price Target for SpaceX

Dan Ives, the former global head of technology research at Wedbush Securities, set a $190 price target for Space Exploration Technologies Corp. He cited the company's vertical integration across AI infrastructure, launch services, and connectivity as key drivers for the valuation.

In its second-quarter 2026 earnings report, SpaceX reported total sales of $7.8 billion. The connectivity business, supported by 10,000 satellites and 12 million Starlink subscribers, generated $4.3 billion in revenue. The company's AI segment grew 247 percent year-over-year to $2.6 billion for the quarter, with total contracted sales for computing capacity reaching $14.1 billion.

SpaceX's space business has generated $962 million in revenue so far in 2026. While Ives set his target at $190, a median target among 37 analysts tracked by CNN is $217, with some analysts forecasting a high of $800.