A market expert tells Benzinga why there's caution for the short-term valuation of SpaceX, but a long-term buying opportunity.

Major brokerages initiated coverage on Tuesday with mostly buy ratings following the company's $75 billion June IPO.

Wall Street banks have high hopes for SpaceX but at the moment shares of Elon Musk’s rocket market appear to be earthbound.

A market expert tells Benzinga why there's caution for the short-term valuation of SpaceX, but a long-term buying opportunity.

Analyst hikes valuation of SpaceX's rocket business by $246 billion after Blue Origin funding. Cathie Wood buys $23 million of SPCX stock.