Brokerage Oppenheimer has started covering SpaceX. They issued an 'outperform' rating and set a price target of $190. This is ahead of the rocket and AI company's market debut. Oppenheimer sees SpaceX as a unique AI company. Starlink is expected to be a major cash generator. SpaceX's AI business will contribute significantly over time.

SpaceX's initial public offering is significantly oversubscribed, with demand building for a potentially record-setting debut. Banks are closing order books for institutional…

SpaceX plans to raise $75 billion in its Nasdaq IPO at a valuation near $1.8 trillion, combining Starlink, Starship, and xAI under one publicly traded