TD Cowen Initiates Coverage of SpaceX with 'Buy' Rating
On Monday, TD Cowen initiated coverage on Space Exploration Technologies Corp., commonly known as SpaceX (SPCX:NASDAQ), assigning it a Buy rating. The brokerage highlighted the company's potential in artificial intelligence computing and ongoing growth from its Starlink satellite internet service and launch services. TD Cowen emphasized that SpaceX is well-positioned to capitalize on increasing demand for AI infrastructure, which could drive significant revenue streams beyond traditional aerospace operations. Additionally, continued expansion of Starlink into new markets supports long-term scalability and profitability.
Tickers: $SPCX
Topics: artificial intelligence computing launch services SpaceX Starlink