SpaceX IPO price target set by New Street

New Street Research analyst Pierre Ferragu has assigned a $165 price target for SpaceX, signaling strong confidence in the company's future prospects ahead of its anticipated IPO. Ferragu's analysis incorporates expectations for significant growth and capital expenditures, while also acknowledging the 'Musk premium' that influences the company's valuation. This valuation reflects not only SpaceX's technological achievements and market position but also the influence of its high-profile CEO, Elon Musk, suggesting a bullish outlook on the space exploration giant's financial trajectory.