Wedbush's Dan Ives initiates SpaceX coverage with a $190 price target and Outperform rating, citing Starlink growth and AI infrastructure potential.

Wedbush's Dan Ives believes SpaceX could become a major AI infrastructure company and values it using a sum of the parts approach.

Wedbush's Dan Ives backs the SPCX demand flywheel ahead of Nasdaq passive inflows, even as experts warn nobody understands its valuation.

Analysts at Wedbush gave SpaceX an "outperform" rating with a price target of $190 a share. The stock fell 4.5% on Wednesday morning.

Wedbush's Dan Ives initiates SpaceX coverage with a $190 price target and Outperform rating, citing Starlink growth and AI infrastructure potential.