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Fox Business - SpaceX stock SURGES on Wall Street upgrades

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Author: Fox Business
Categories: Business Personal Finance Technology
Tags: business, finance, technology
Views: 3 · Last viewed: 2026-10-16 14:01 UTC

Short Summary

Main recommendation: The segment discusses Morgan Stanley's raised SpaceX price target (about $389 per share), with the guest analyst's bullish view on compute capacity as the core case. The transcript frames SpaceX's value mainly around its compute business and Starship launch cadence, with rockets a small part of the evaluation. The guest argues AI chip makers, including AMD and Nvidia, should be priced higher given rising CPU demand from AI agents.

Key Points

  • Morgan Stanley's analyst raised the SpaceX target to about $389.22, with the bulk of that valuation attributed to the compute business.
  • The analyst's model values SpaceX's compute segment at roughly $60 million per megawatt based on its two most recent deals, versus a current average around $26 million per megawatt.
  • The guest says Starship could potentially reach near-daily launch cadence by mid-next-year, which he argues would drive upside alongside new Starlink satellites.
  • The guest argues demand for CPUs is rising because AI agents roam the internet doing work, which he says benefits AMD and Nvidia.
  • Meta received a large upgrade at Wells Fargo, and the guest says its AI moat is weak because compute is the only real moat and Meta's model is free.

Details Worth Noting

  • Concrete instructions: - The guest expressed a bullish view on SpaceX, AMD, and Nvidia stocks, which is his stated market opinion rather than investment advice.
  • SpaceX is mentioned to target 210 gigawatts by next year, with a figure of 170 also cited, requiring significant CPU supply.
  • The host jokingly notes congressional stock purchases in SpaceX since its IPO, mentioning a seventh member buying, with a sarcastic remark about Nancy Pelosi.
  • The host mentions a claim that travel time to the International Space Station could drop from about 15 hours to roughly seven hours, attributing it to discussion in the segment rather than a verified fact.
  • The guest mentions Nvidia's market share falling to around 48 to 49 percent, with custom chips gaining ground, though he argues the absolute numbers are still rising.

Bottom Line

The case for SpaceX rests on compute revenue expectations, and the panel's bullish stance on AI-linked chip and infrastructure names reflects their own opinions rather than verified outcomes.