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SpaceX gets an absolutely crazy price target after rough IPO
The analyst firm cited successful heat shield testing, Starlink V3 satellite deployment, and safe stage recoveries as reducing engineering risks for the spacecraft.
SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO). Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roug…