KeyBanc Cautious on SpaceX Valuation, Suggests Stock Could Be Cut in Half
KeyBanc Capital Markets initiated coverage on SpaceX with a Sector Weight rating and noted that the stock's current valuation may already reflect much of its long-term growth potential. The firm estimated SpaceX’s enterprise value at around $1.02 trillion under a base-case scenario, significantly below its current level of about $2.2 trillion.
Tickers: $SPCX
Topics: KeyBanc Capital Markets SpaceX Starlink Starship stock valuation