At least six firms including Morgan Stanley, Goldman Sachs and UBS have started coverage on $SPCX, backing its long-term growth despite questions over profitability and valuation.
Wall Street is beginning to formally cover SpaceX, with an early consensus forming around buy ratings on the stock. At least six brokerages, including Morgan Stanley, Goldman Sachs and UBS, have initiated coverage on $SPCX and expressed confidence in the company’s long-term growth outlook, even as concerns remain about profitability and valuation.