SpaceX officially listed on the Nasdaq 100 before the U.S. stock market opened today, with Wall Street institutions collectively bullish.

BlockBeats News, July 7 — SpaceX will be officially included in the Nasdaq-100 Index before the U.S. stock market opens on July 7, 2026 (21:30 Beijing time), becoming a constituent of the index. Only about 15 trading days after completing its listing, SpaceX entered the Nasdaq-100, becoming one of the largest companies in recent years to be added to the index at the fastest pace. This adjustment is expected to drive passive allocation by index funds tracking the Nasdaq-100.

As SpaceX officially enters the core public-market index, Wall Street institutions have begun to reassess its long-term value. Most institutions believe SpaceX is no longer just a traditional aerospace company, but a platform-based company that also has capabilities in rocket launches, Starlink satellite internet, AI infrastructure, and future space computing.

Goldman Sachs believes SpaceX has the potential to become a core growth asset over the next decade, and that the integration of commercial aerospace, satellite internet, and AI infrastructure will open up room for long-term growth. Goldman Sachs has given SpaceX a “Buy” rating, with a target price of 205 USD.

Morgan Stanley said that SpaceX’s greatest value does not come from the rocket business alone, but from its Starlink satellite network and future AI infrastructure capabilities; the commercialization of satellite internet may become the key driver of the company’s long-term valuation improvement. Morgan Stanley had previously given SpaceX an “Overweight” rating and set a target price of 300 USD.

JPMorgan believes SpaceX’s core competitive moat comes from its reusable rocket technology, launch cost advantages, and the scale of its Starlink global network. With the continued growth of satellite internet users, Starlink is expected to become the company’s main source of future cash flow. JPMorgan has not publicly disclosed a specific target price for SpaceX.

Bank of America believes SpaceX is transforming from an aerospace company into a new type of infrastructure platform. Its value comes not only from launch services, but also from global communications, data transmission, and additional computing demand that emerges in the AI era. Bank of America has not publicly disclosed a specific target price for SpaceX.

UBS believes SpaceX has a unique asset portfolio, and that Starship will become an important infrastructure connecting launches, satellite communications, and AI computing, with significant long-term growth potential. UBS has given SpaceX a “Buy” rating and set a target price of 210 USD.

Oppenheimer had previously issued a positive assessment of SpaceX, saying the company has vertical integration capabilities and long-term competitive advantages in rocket manufacturing, satellite networks, and AI-related infrastructure. Oppenheimer had previously given SpaceX an “Outperform” rating and set a target price of 250 USD.

However, Wall Street still has disagreements about SpaceX’s valuation. Morningstar believes the current valuation already reflects a large number of optimistic expectations, and investors need to pay attention to the pace of Starlink commercialization and the ability to convert future profits. Morningstar’s earlier valuation estimate for SpaceX was about 780 billion USD, and it did not set a conventional stock target price.

Overall, Wall Street’s core view on SpaceX is relatively consistent: the company has strong technological moats and long-term growth potential, while differences mainly center on the valuation level rather than the business model. With SpaceX officially included in the Nasdaq-100, market attention has shifted from “whether it can become a tech giant” to “whether a 2 trillion USD-level valuation can still support the next stage of growth.”