SPCX Coverage Initiated - STRONG BUY, Price Target 700
I am initiating coverage on SPCX today with a STRONG BUY recommendation. Here are the highlights:
- $100B 2028 revenue estimate.
- $1T 2031 revenue estimate (conservative estimate, less aggressive than Elon's predictions).
- Almost every index fund in the world is effectively SHORT SPCX, they have to buy at some point. Whether that is today or in one year (at a much higher price), they WILL buy.
Price target: 700 per share in 2026.
If you are short SPCX then consider this your final warning before BK. Don't lose everything you own because you don't like Elon.
Note: NOT financial advice, do your own DD.