Wedbush research **** yst Dan Ives recently initiated coverage on **** e Exploration Technologies (NASDAQ: SPCX), marking a notable moment for Elon Musk's newly public company. Following **** eX's historic IPO, Ives published an upbeat **** sment emphasizing the company's **** e industry heritage and its emerging role in artificial intelligence (AI) infrastructure.
Ives' **** ysis frames **** eX as more than a rocket and satellite operator, highlighting its status as a vertically integrated technology business with recurring revenue streams and strategic depth that could deliver long-term gains.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Ives **** igned **** eX an outperform rating and a 12-month price target of $190. This implies roughly 18% upside from where it closed Monday's trading session. His optimism is supported by a sum-of-the-parts valuation model anchored to fiscal 2028 estimates, projecting an enterprise value near $2.5 trillion.
Central to the thesis is Starlink's potential to mature into a durable profit engine through steady subscription revenue. Interestingly, Ives is not the only **** yst on Wall Street who sees game-changing potential from Starlink. Timothy Horan of Oppenheimer also cites Starlink's potential to disrupt the telecommunications industry as a major driver of **** eX's future growth.
Ives' **** ysis frames **** eX as more than a rocket and satellite operator, highlighting its status as a vertically integrated technology business with recurring revenue streams and strategic depth that could deliver long-term gains.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Ives **** igned **** eX an outperform rating and a 12-month price target of $190. This implies roughly 18% upside from where it closed Monday's trading session. His optimism is supported by a sum-of-the-parts valuation model anchored to fiscal 2028 estimates, projecting an enterprise value near $2.5 trillion.
Central to the thesis is Starlink's potential to mature into a durable profit engine through steady subscription revenue. Interestingly, Ives is not the only **** yst on Wall Street who sees game-changing potential from Starlink. Timothy Horan of Oppenheimer also cites Starlink's potential to disrupt the telecommunications industry as a major driver of **** eX's future growth.
27 days ago
