Tech bull Ives initiates SpaceX with Outperform rating, $190 price target
Key takeaways
- Ives sees SpaceX as a player in the hyperscaler wars too.
- Ives and the Wedbush team see SpaceX as a three-way bet on launch, connectivity, and artificial intelligence.
- The $190 target implies around 12% upside from Tuesday's close of $171, but the stock dipped in early trade Wednesday.
Tech bull Ives initiates Space X with Outperform rating, $190 price target Space X's differentiated assets, such as launch, connectivity, and AI hyperscaler-like products, are key to the valuation, the Wedbush analyst said. Pras Subramanian · Senior Reporter Updated Wed, July 1, 2026 at 10:00 PM GMT+7 4 min read SPCX AMZN GOOGL MSFT Tech bull Dan Ives of Wedbush initiated coverage of Space X (SPCX) with an Outperform rating and a $190 price target, weighing in on a stock that has whipsawed investors in the three weeks since its record-setting initial public offering. Ives sees SpaceX as a player in the hyperscaler wars too.
Ives and the Wedbush team see SpaceX as a three-way bet on launch, connectivity, and artificial intelligence. SpaceX is "one of the most differentiated assets within the tech market," Ives wrote, and is "well-positioned to become a major hyperscaler with its vertically integrated platform across connectivity, launch, and AI infrastructure."
The $190 target implies around 12% upside from Tuesday's close of $171, but the stock dipped in early trade Wednesday.