Story perspectives

Wedbush Initiates SpaceX Coverage, Sets $190 Target, $2.48T Valuation

7/2/2026

Summary

Story summary

Wedbush Securities initiated coverage of SpaceX, assigning an Outperform rating and a $190 price target.
Wedbush’s valuation model implies roughly $2.48 trillion of enterprise value for SpaceX.
Starlink’s about 12 million subscribers generate roughly $19.3 billion in trailing revenue with a 49% gross margin.
The firm notes that Starship’s reusability lowers launch hardware costs, potentially boosting flight rates.
At publication, SpaceX shares traded around $167, down just over 2 percent.

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Story summary

Wedbush Securities initiated coverage of SpaceX, assigning an Outperform rating and a $190 price target.
Wedbush’s valuation model implies roughly $2.48 trillion of enterprise value for SpaceX.
Starlink’s about 12 million subscribers generate roughly $19.3 billion in trailing revenue with a 49% gross margin.
The firm notes that Starship’s reusability lowers launch hardware costs, potentially boosting flight rates.
At publication, SpaceX shares traded around $167, down just over 2 percent.