Investment bank Oppenheimer Holdings Inc.
(NYSE:OPY) has launched the first coverage of commercial space flight company SpaceX on Wall Street, predicting a near 41% upside for the Elon Musk-led company ahead of Friday's IPO.
Oppenheimer Sets $190 Price Target In a new investor note released on Thursday, the investment bank set a price target of $190 for SPCX, a nearly 41% upside compared to the IPO offer price of $135/share.
Read Also: SpaceX IPO Valuation Is Worth More Than Boeing, RTX, GE Aerospace And Every Other S&P 500 Aerospace Firm Combined: Report The note said that the bank saw potential for SpaceX to "leverage terrestrial compute expertise" to help its expert system.
"We see it as the only vertically-integrated AI company with the required capital, data, LLMs, hardware, manufacturing and engineering talent," the bank said.
