Dan Ives' analysis highlights the importance of SpaceX's Starship rocket, particularly its reusability, as a key factor in the company's business model. With a 12-month price target of $190, which suggests an 11% upside from its recent closing price, Ives underscores how the Starship's ability to reduce launch costs and increase payload capacity for Starlink satellites can drive profitability.
SpaceX currently holds a dominant position in the commercial space launch market, with an 82% share, and has been recognized for delivering five out of every six U.S. launches. Despite incurring significant net losses of $5 billion in 2025 and a market capitalization nearing $2.3 trillion, analysts agree that the successful reusability of the Starship is essential for unlocking long-term value.
Following its IPO at $135 per share, SpaceX's stock has experienced volatility, peaking at $225.64 and currently trading around $163, reflecting investor sentiment on its growth potential and operational challenges