SpaceX’s Biggest Bull Sees Valuation Soaring Above $10 Trillion

SpaceX’s Biggest Bull Sees Valuation Soaring Above $10 Trillion SpaceX has no shortage of fans on Wall Street, but one analyst stands out among the rest as by far the most bullish: Raymond James’ Brian Gesuale. Gesuale initiated coverage on the rocket, satellite, and artificial intelligence company Tuesday with a strong buy rating and an $800 price target, the highest among Wall Street analysts and roughly 430% above where the stock is trading in Tuesday’s selloff. Should the shares hit that level, the company’s market valuation would balloon to roughly $10.5 trillion, more than double that of Nvidia Corp, currently the world’s most valuable stock at about $4.7 trillion.