SpaceX stock rating reaffirmed by William Blair after Starship launch
William Blair maintains an Outperform stock rating for SpaceX (NASDAQ:SPCX) in light of the company's Starship Flight 14 mission. The Starship, valued at $2 trillion, holds more cash than debt as per InvestingPro data. Despite the stock trading above its Fair Value, analysts foresee a 144% sales growth this year and anticipate SpaceX turning profitable in 2026.
During the successful launch on Monday, Starship successfully deployed satellites into orbit for the first time, overcoming one issue with a second-stage Raptor vacuum engine. The mission deployed 26 Starlink V3 satellites, with the Starship aiming to complete six orbits and land off the coast of Chile in the Pacific Ocean. By year-end, SpaceX plans to add 220,000 GB300 GPUs to its Colossus II data center in Memphis, Tennessee, and another 220,000 GPUs by the end of the year, potentially reaching over 2 gigawatts of compute by 2026.
Investors can find more insights into SpaceX's financial health and growth trajectory through the Pro Research Report available on InvestingPro. The launch provides approximately 20 times the capacity of each Falcon 9 launch.
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