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UBS: SpaceX has an unparalleled portfolio of assets
Svmuu News UBS Analysts say that Elon Musk’s SpaceX offers a business model that enables it to capitalize on opportunities in the space, connectivity, and artificial intelligence sectors. They initiated coverage of the stock with a “Buy” rating and a price target of $210.“We believe SpaceX is a set of unparalleled assets that offers multiple upside drivers for long-term investors with a high risk tolerance,” said analysts atUBS. They noted that scaling up its Starship launch vehicle will enable SpaceX to unlock opportunities in the space, communications, and AI sectors, which have a combined potential market of nearly $300 trillion. (Jin Shi)
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