SpaceX (NASDAQ: SPCX) stock price is up slightly in pre-market trading today, September 8, after Pivotal Research initiated coverage on the shares and set a $220 target. The firm bases its bullish outlook on Starship’s reusability and a $1.7 trillion opportunity for Starlink.
Pivotal Research Expert Reveals Key Opportunities for SpaceX
Analyst Jeffrey Wlodarczak of Pivotal Research notes that SPCX stock price could rise by 49% and reach $220 if the company can solve the issue of Starship’s reusability. The analyst notes that reusability could make flights less expensive and enable faster redeployment.
Wlodarczak notes that if SpaceX can solve this “engineering bottleneck,” the company can expand the capacity of…
