Analysts see more upside for SpaceX as post-IPO research begins
Major financial institutions have initiated coverage of SpaceX with overwhelmingly bullish ratings following the end of the company's post-IPO quiet period. Analysts cite the company's dominance in launch services and the growth potential of Starlink as key drivers for their positive outlook.
Why it matters
Strong institutional support for SpaceX signals high investor confidence in the commercial space and satellite broadband sectors.
The aerospace and satellite company, which held 18,712 bitcoin BTC $ 62,899.76 as of March 31, went public in June , raising $75 billion in one of the year's largest IPOs. Shares were priced at $135 in the offering. The stock was trading at $150.93 on Tuesday, down more than 6% from recent post-listing highs but still above its IPO price.
The article reports on market analyst sentiment and financial data without taking a stance on the company's actual performance.
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