Stifel Reiterates Buy Rating on SpaceX with $190 Price Target
Space Exploration Technologies (SPCX) shares rose over 5% on Monday following a bullish note from Stifel analyst Jonathan Siegmann. Siegmann reiterated a buy rating and set a price target of $190, suggesting the stock has significant upside potential despite recent market volatility surrounding AI-leveraged stocks and terrestrial data center regulations. The analyst argues that SpaceX is uniquely positioned to bypass Earth-based constraints on data center construction—such as water and electricity usage concerns—by shifting compute capabilities into orbit. Investors are also eyeing the upcoming Starship Flight 15 this Friday, which could accelerate the company's ability to deploy satellite-based data centers and expand its Starlink connectivity business.
Tickers: $SPCX
Topics: AI Data Centers Space Technology Stock Analyst Rating