BlockBeats News, August 7th, independent stock research firm Argus Research upgraded SpaceX from Hold to Buy, with a target price of $160. The reason is that revenue reached $7.8 billion, a 92% year-on-year growth, and it is expected that by the end of 2026, the revenue run rate will approach $100 billion.
Since its IPO in June 2026, SpaceX's stock price has been highly volatile, currently trading around $110. This upgrade reflects analysts' long-term growth confidence in the company's space launches, Starlink satellite network, and AI infrastructure integration.
Despite the risks of rising AI expenses and stock price volatility, Argus remains bullish on SpaceX's operational performance and prospects, aligning with the overall Buy rating trend of most Wall Street institutions on the stock.
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