Lates News

After SpaceX's (SPCX.O) second-quarter performance exceeded expectations, Bank of America Securities reaffirmed its "buy" rating and a target price of $235. The firm indicated that both revenue and profitability surpassed forecasts, while management strengthened its long-term growth outlook, including an annual revenue target of $100 billion by December 2026 and a revenue goal of $1 trillion by 2030. Despite concerns about increased capital expenditure and the monetization of artificial intelligence and Starlink, Bank of America remains optimistic about SpaceX's competitive position and has raised its related forecasts.