Brokerage Oppenheimer has started covering SpaceX. They issued an ‘outperform’ rating and set a price target of $190. This is ahead of the rocket and AI company’s market debut. Oppenheimer sees SpaceX as a unique AI company. Starlink is expected to be a major cash generator. SpaceX’s AI business will contribute significantly over time.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets