$SpaceX(SPCX)$ Bears have been posting all weekend about how spcx is worthless, which honestly just looks like concern that it might actually end up worth a lot. Even most bearish analysts put short-term value above the current price, with the lowest around $70. The bullish side is talking $300, maybe $800, all well above where it is now.
Starlink alone supports a valuation of $135 per share right now, and with the improved satellites — ten times better — going up, that number isn't likely to drop. The unlocking is probably already priced in. If guidance delivers, a 20 percent move higher wouldn't be surprising.
The math and metrics behind each analyst's target are easy enough to find online. I think we'll be above $200 before long.
Comments