SpaceX, at the end of the IPO silence in June, welcomed many Wall Street agencies to start coverage. At the same time, the Mask Space Corporation has been included in the NASDAQ 100 index, whose passive funds for tracking the index require simultaneous buy-in and allow the market to reassess its valuation and growth space.

As at the time of reporting on the transactions, SPCX reported a decrease of US$ 151.74, or 5.41 per cent that day. The Unit had previously risen from $135 to $225 and then fell back.

Many agencies give optimistic ratings

Morgan Stanley, Goldman Sachs, Swiss Bank, Bernstein, Bank of America, Morgan Chase and others have initiated an initial coverage of SpaceX, most of which gives a positive assessment.

Of these, Morgan Stanley gave an “additional” rating of $300. The Bank believes that an enterprise-level AI could be an important future growth direction for SpaceX and that the related needs would be linked to computing infrastructure and follow-up AI services.

The Citicorp has set a target value of $200 at the end of the year, but at the same time indicates that the long-term valuation could be over $900 if the Starship deployment is successful and the work progress is validated. Raymond James gave a "power buy-in" rating and a target price of $800.

There's a clear divide in the target price range.

Market valuation judgements for SpaceX vary widely. It was reported that 18 institutions had an average target value of approximately $278, a minimum of $200 for Nedham and a maximum of $800 for Raymond James.

Banks in the United States offered a target price of US$ 235 and stated that investors needed to understand SpaceX's part of the long-term valuation in terms of “option value”. Logically, the size of the future space market remains uncertain, but if the market expands, SpaceX has the key infrastructure.

Morgan Stanley also suggests that the result is wide. The pessimism scenario offered by the Bank is targeted at $75 and optimism $600 for reasons including AI and space operations opportunities, but also for implementation, financing and technological risks.

  • 18 Agency target value: US$ 278
  • Current share price: $151.74
  • Target price ranges: $200 to $800

The sub-inclusion brings in passive money.

SpaceX formally incorporated the NASDAQ 100 index after IPO, which means that the fund that tracks the index needs to allocate the stock. In the short term, this change may lead to passive funding support for equity prices.

However, SpaceX ' s valuation is significantly above the overall level of the sub-mean 100. The Bank of the United States quoted Bloomberg as saying that the Unit ' s estimate of expected profits for 2027 was about 118 times that of 2028, about 43 times that of 2028, while the forward earnings of 100 was about 23 times that.

Analysts are generally of the view that the inclusion of indices can only lead to phased demand, and long-term performance continues to depend on income growth, progress in the implementation of Starship, the expansion of Starlink and the actual contribution of AI-related operations.

SpaceX requested 100,000 satellite plans.

It was also mentioned that SpaceX had applied to the United States Federal Communications Commission for approval to launch and operate a third-generation constellation of satellites, totalling 100,000. The system is designed to support global connectivity needs and to serve AI-related applications.

Musk then responded on platform X, "We need bigger rockets," and named Starship. Again, the Starship project remains one of the core foundations of multiple institutions looking at SpaceX.

Citicorp believes that if Starship is successfully deployed, SpaceX will acquire a more low-cost, scalable orbital capability, thereby enhancing its ability to enter the commercial space market. At the same time, the report states that the SPCX fell by more than 5 per cent that day, evaporating the market value of about $120 billion.