Wolfe Research Sets $175 Price Target for SpaceX, Implying 30% Upside from IPO Price

According to CNBC, Wolfe Research on Friday issued its first coverage of SpaceX, assigning an "outperform" rating with a $175 price target, implying approximately 30% upside from the company's $135 IPO price. The analyst noted SpaceX's dominant position in U.S. launch services—accounting for five of every six American space missions, per a 2025 Georgetown University report—supports its $1.77 trillion valuation. Wolfe Research highlighted the rocket reusability advantage as key to SpaceX's cost edge and competitive moat, with Starship's successful reusability seen as the most critical value driver.
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