UBS: SpaceX possesses an unparalleled asset portfolio

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Golden Finance reported on July 8 that UBS analysts stated that Elon Musk's SpaceX offers a business model enabling it to seize opportunities in space, connectivity, and artificial intelligence. They initiated coverage of the stock with a Buy rating and a price target of $210. "We believe SpaceX is an unmatched set of assets providing multiple upside drivers for long-term risk-tolerant investors," said UBS analysts. They noted that scaling its Starship launch vehicle would allow SpaceX to unlock opportunities in space, communications, and AI, with a total addressable market approaching $30 trillion. (Jinshi)
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