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00:02SpaceX drew a highly bullish call from Raymond James analyst Brian Gaswale,
00:07who initiated coverage Tuesday with a strong buy rating and an $800 price target, according to
00:12Bloomberg. The target is the highest among Wall Street analysts tracked by Bloomberg
00:16and implies roughly 430% upside from Tuesday's sell-off. Gaswale said SpaceX could reach a
00:23market valuation of about $10.5 trillion if shares hit that level, compared with less than
00:29$2 trillion now. AI revenue at SpaceX rose to $16 billion from $3 billion in 2024, when
00:37most of that revenue came from X through advertising, subscriptions, and data licensing.
00:42Raymond James estimates AI revenue could reach $650 billion by 2031 and nearly $4.9 trillion
00:49by 2035, making it SpaceX's largest business by revenue beginning in 2027.
00:55Gaswale said launch failures remain a risk and could push shares to $125.
01:00Bloomberg tracks 35 analysts covering SpaceX, with 29 rating the stock a-buy.
01:06For all things money, visit Benzinga.com.
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