Overview
- Starship’s 14th test flight reached orbit on Monday and deployed 26 next‑generation (V3) Starlink satellites even though an upper‑stage engine malfunction shortened the mission.
- Investors initially pushed the stock higher intraday but SpaceX shares closed about 3% lower at $145.47 on Monday and recovered roughly 1% in early trading the next day.
- TD Cowen initiated coverage with a Buy and a $200 price target, arguing SpaceX’s terrestrial and space‑linked AI compute leasing will drive most future revenue and citing customers such as Google and Anthropic.
- Analysts are broadly bullish with roughly 76% rating the stock a Buy and a consensus price target near $223–$224, but firms warn that building and operating orbital data centers brings major engineering, latency and maintenance challenges.
- The company reported about $23 billion in trailing‑12‑month revenue and faces a test of whether faster Starship launch cadence and heavy capital spending can validate aggressive multi‑year revenue forecasts and reduce operating costs for large AI customers.