NVIDIA CorporationNVDA
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Artificial Intelligence
NVIDIA CorporationSpace Economy
NVIDIA CorporationSpaceX stock is trading modestly higher today after plunging from $211.39 to $154.60 over three brutal post-IPO sessions, a selloff that erased a significant portion of debut gains amid profit-taking and valuation concerns. Susquehanna initiated coverage with a Neutral rating and a $170 price target, projecting 81% annual revenue growth and 76% annual EBITDA growth through 2028, but warned that the valuation demands near-perfect execution and that a wide range of outcomes remains possible. The bull case centers on SpaceX's dominant position in reusable rocket launches and Starlink's expanding global connectivity platform, with Starship representing a major additional long-term opportunity. The firm noted that even strong execution may not guarantee attractive returns if the stock remains priced for near-perfect outcomes, and that several of SpaceX's markets, including initiatives tied to artificial intelligence, remain relatively unproven.
NVIDIA Corporation