WALL STREET SEES UP TO 75% UPSIDE IN SPACEX $SPCX — BUT NOT EVERY ANALYST IS BULLISH! SpaceX is no longer just a rocket company. It is becoming a combination of: 🚀 Space transportation 🛰️ Satellite internet 🤖 Artificial intelligence 🏢 AI computing infrastructure At a reference price of $171, Wall Street's price targets reveal dramatically different expectations. HERE'S WHO IS BULLISH — AND WHO IS CAUTIOUS. 🟢 THE BULLS — BUY / POSITIVE OUTLOOK 🚀 Morgan Stanley — BUY $300 (+75%) Believes investors underestimate Starship's long-term launch economics, Starlink expansion and the value of SpaceX's AI computing operations. 🚀 Oppenheimer — BUY $280 (+64%) Expects stronger AI computing demand and improving infrastructure economics to support substantial future revenue growth. 🚀 Deutsche Bank — BUY $255 (+49%) Sees significant growth potential from SpaceX's expanding launch, connectivity and AI businesses. 🚀 CLSA — BUY $250 (+46%) Its positive outlook reflects expectations that SpaceX can scale its technology businesses beyond traditional rocket launches. 🚀 Macquarie — BUY $250 (+46%) Believes Starlink expansion and improving launch economics could support long-term earnings growth. 🚀 RBC Capital — BUY $225 (+32%) Sees opportunities from satellite connectivity, government contracts and growing commercial space demand. 🚀 UBS — BUY $210 (+23%) Expects SpaceX's expanding business portfolio to support growth, although execution and valuation remain important. 🚀 TD Cowen — BUY $200 (+17%) Expects AI computing infrastructure and Starship development to become increasingly important revenue drivers. 🔴 THE CAUTIOUS ANALYSTS — HOLD / NEGATIVE UPSIDE ⚠️ MoffettNathanson — HOLD $142 (-17%) Its lower valuation suggests concern that investors may already be pricing in too much future growth.