Wall Street Super Bull "SpaceX (SPCX) Target Price $190"

▲ SpaceX (SPCX), US Stock/AI Generated Image

Amidst SpaceX (SPCX) maintaining its $155 support line, a projection for a $190 rise has emerged from Wall Street. Starlink's revenue growth and the expectation of its inclusion in the Nasdaq 100 index on July 7th were identified as key drivers for the stock's rebound.

According to crypto media outlet CoinGape on July 5th (local time), Wedbush analyst Dan Ives gave an "outperform" rating for SpaceX. He set a target price of $190, indicating a 17% upside potential compared to $162 on July 2nd. SpaceX's stock rose 7% over five trading days.

Ives cited the growth of the space, Starlink, and AI businesses as reasons for his bullish outlook. He particularly expects Starlink to expand its global telecommunications market share and drive profit growth. Starlink recorded $11.4 billion in revenue in 2025, accounting for 61% of SpaceX's total revenue of $18.7 billion.

Technical trends also point to a potential rebound. SpaceX rose above the $155 support line on July 2nd with a recovery in buying sentiment. The Relative Strength Index (RSI) recorded 53. If buying momentum strengthens, a retest of the July 1st high of $171 was suggested. Analysis also indicated that a breakthrough of the $165 resistance level could lead to a 20% increase, reaching $195.

However, warning signs emerged in the bond market. Invesco, which manages $2.5 trillion, pointed to SpaceX's $90 billion bond issuance. The bond price weakened immediately after issuance, raising the possibility of a poor acquisition structure or weak demand. The valuation loss for this bond recorded $305 million.

Bank of America (BAC)'s warning that investor funds are leaving US stocks is also a variable. If selling pressure increases, SpaceX could fall below the $155 support line. Conversely, Ives maintained his $190 target price based on the growth of the three business segments, primarily Starlink.

[Key Article Summary]

-Dan Ives gave an "outperform" rating for SpaceX and set a target price of $190.

-Starlink's 2025 revenue was $11.4 billion, accounting for 61% of SpaceX's total revenue of $18.7 billion.

-SpaceX maintained its $155 support line, but a bond valuation loss of $305 million was identified as a risk factor.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*