Oppenheimer initiated coverage of SpaceX with an outperform rating and a $190 price target on Thursday, one day before the company begins trading on the Nasdaq under the ticker SPCX. The price target implies around 40% upside from the $135 IPO price,

When SpaceX filed its S-1 form with the SEC last month, plenty of investors focused on the company's lack of profitability. And although some may have an issue with SpaceX's business fundamentals, there's a chance the stock's moves are detached from them — just like they are with Tesla's.

By Siddarth S June 11 (Reuters) - Oppenheimer became the first global brokerage to start coverage of SpaceX, ahead of the rocket and AI company's highly anticipated $75 billion market debut on Friday.

Elon Musk’s SpaceX is preparing to stage the largest public offering ever, selling $75 billion worth of shares in one fell swoop. Here are key details: What will shares cost? Musk offered investors a “take-it-or-leave-it” price of $135 a share,

SpaceX is widely expected to be added to the Nasdaq 100 index soon, thanks to new rules allowing megacap technology companies entry in as few as 15 trading days after listing. But first, fellow space-technology company Rocket Lab is getting a place in the index.

Today, June 11, 2026, markets recovered on revived peace talk hopes, and chips helped power the S&P 500 and Nasdaq.

Two firms initiated coverage, with each forecasting gains for the Elon Musk company in its first year to 18 months based on their price targets.

Oppenheimer on Thursday initiated coverage of SpaceX with an "Outperform" rating and a price target 40% above its IPO price, citing the company's large potential market and technological advantages over competitors.

SpaceX sold $75 billion worth of shares in the biggest IPO ever. The company disclosed Thursday it sold all 555,555,555 shares it made available for its IPO at $135 apiece as planned. That gives the company a valuation of around $1.

Thursday evening, SpaceX announced that it priced its IPO at $135 per share, selling 555,555,555 shares and raising about $75 billion, excluding over-allotment options. It's a record amount of money for an IPO and values Elon Musk's rocket company at about $1.