Elon Musk reposted
Sawyer Merritt
@SawyerMerritt
Oppenheimer has initiated coverage on SpaceX stock ($SPCX) with an Outperform rating and a $190 price target, which would be a $2.5 trillion market cap.
"We see potential for SPCX to leverage terrestrial compute expertise as a bridge (and possible back-up plan) to enable key scale and cost advantages. We see it as the only vertically-integrated AI company with the required capital, data, LLMs, hardware, manufacturing and engineering talent.
We believe that SpaceX will use its expertise in engineering, manufacturing and space technologies to grow to the largest communications, cloud/AI company in the world, in our scenario. This is a very large TAM with high barriers to entry. We expect extreme stock and operational volatility. The company faces complex engineering/manufacturing/physics challenges that are
likely to be resolved but create the risk of falling behind schedule. SPCX will leverage a monopoly on reusable rockets and hardware manufacturing—antennas, hardware, solar panels, satellites, chips etc.—to do so."
02:13 PM · June 11, 2026 · 637.6K views
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