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SpaceX Shares Win Early Bullish Calls From Wall Street Brokers

SpaceX Shares Win Early Bullish Calls From Wall Street Brokers
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SpaceX Shares Win Early Bullish Calls From Wall Street Brokers SpaceX is winning early backing from Wall Street as global brokerages launch coverage of Elon Musk’s rocket and artificial intelligence company with a clear consensus: buy the stock. At least six brokers, including Morgan Stanley, Goldman Sachs Group Inc. and UBS Group AG have started coverage of the stock with buy-equivalent ratings, leaning into Space Exploration Technologies Corp.’s long-term growth story even as questions...

SpaceX Shares Win Early Bullish Calls From Wall Street Brokers SpaceX is winning early backing from Wall Street as global brokerages launch coverage of Elon Musk’s rocket and artificial intelligence company with a clear consensus: buy the stock. At least six brokers, including Morgan Stanley, Goldman Sachs Group Inc. and UBS Group AG have started coverage of the stock with buy-equivalent ratings, leaning into Space Exploration Technologies Corp.’s long-term growth story even as questions over its profitability, execution and valuation continue to linger after a blockbuster market debut. [Image text:] Nasdaq NEW ORK OLICE EPT EWTRAATIO NEWCRK OLICE EPT
SpaceX (ORG) Elon Musk’s (PERSON) Morgan Stanley (ORG) Goldman Sachs Group Inc. (ORG) UBS Group AG (ORG) Space Exploration Technologies Corp.’s (ORG)
Originally published by Bloomberg Technology Read original →