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Analysts Initiate Bullish Coverage on SpaceX After Quiet Period
Major brokerages initiated coverage of SpaceX with mostly buy ratings and price targets ranging from $205 to $800 after the post-IPO quiet period ended. The bullish calls underscore Wall Street confidence in the company's launch, Starlink and government contract businesses following its $75 billion June IPO.
SpaceX Raises $75B in Record IPO Ahead of Nasdaq Debut
SpaceX is raising $75 billion by selling 555.6 million shares at $135 each in the largest IPO on record, valuing the company at $1.77 trillion ahead of its Nasdaq debut Friday under ticker SPCX. The offering highlights Musk's control, Starlink profitability amid heavy AI spending, and ongoing losses that make the bet largely a wager on the founder.
Coinbase Launches Pre-IPO Perpetual Futures on SpaceX
Coinbase launched pre-IPO markets with perpetual futures on SpaceX for non-US users allowing 24/7 trading settled in USDC that automatically transitions post-IPO. The move intensifies competition among crypto platforms to offer synthetic private market exposure as the tokenized RWA sector expands rapidly to $51 billion.
From the feed · 4
Eutelsat shares rose 18% this week after Starshield limits in Ukraine drew criticism from officials. The French operator, with over 600 satellites in orbit, is viewed as Europe's primary alternative to SpaceX.
Harvard's endowment grew 27.1% in fiscal 2026 to nearly $68 billion. • $2.2 billion SpaceX stake was its largest holding • Outperformed the S&P 500's 22.3% return by 4.8 points • Strongest result since 2021
SpaceX's satellite network expansion reportedly triggered share declines at AT&T, Verizon and T-Mobile as investors weigh direct competition in broadband. The moves reflect mounting pressure on legacy carriers from lower-cost orbital alternatives.
Verizon stock heads for its worst day since 2002 as SpaceX U.S. network plans hit telcos.