Bernstein analyst Douglas Harned maintains an Outperform rating on SpaceX with a $248 target, implying about 74% upside from its current trading level. SpaceX shares closed at $141.04 on Wednesday, down 0.8%, but have risen approximately 25% over the past month. Bernstein expects total revenue to increase from $46.4 billion in 2026 to $150.4 billion in 2027, driven largely by artificial intelligence revenue rising from $24.6 billion to $115.1 billion. The firm also points to space-based data centers, Starlink connectivity, the Cursor acquisition and the Terafab semiconductor plant as growth drivers. SpaceX’s planned power turbine blade production pressured energy-equipment shares, although analysts said new competitors would need at least four years to build meaningful single-crystal casting capacity. Howmet Aerospace drew positive views from Citi and Deutsche Bank despite its decline.