Topic: aero_defense

Analysts New Street Research initiate coverage of SpaceX (SPCX) with a $165 target price despite post-IPO market cap decline

SpaceX has experienced a dramatic decline of over $500 billion in market capitalization since its IPO, raising concerns among investors as it approaches its first earnings report. This situation highlights the volatility and risks associated with investing in high-profile tech companies led by charismatic figures like Elon Musk.