In anticipation of SpaceX's IPO, Clear Street analyst Greg Pendy identified key companies that could benefit from or compete with SpaceX's operations. Intuitive Machines, classified as a complementary player, is expected to gain from the lunar economy's growth, with a price target of $44, indicating a potential 44% upside.
Planet Labs, another complementary company focused on Earth imaging, is seen as having no direct competition with SpaceX, with a price target of $53, suggesting a 55% upside. Rocket Lab is noted as a competitor, benefiting from SpaceX's IPO as it provides a benchmark for institutional investors, with a price target of $129, reflecting a 12% upside.
Lastly, AST SpaceMobile is positioned as a direct competitor to SpaceX's Starlink, with a price target of $115, indicating an 18% potential increase. Overall, these insights suggest that the excitement surrounding SpaceX's IPO could positively influence related stocks in the space industry