TD Cowen initiated coverage on SpaceX $SPCX with a Buy rating and a $200 price target this week, implying about 37 percent upside from a prior close of $145.47. The firm's case rests on ground infrastructure, not rockets. Analyst John Blackledge expects $SPCX to generate $14.4 billion this year from leasing AI computing capacity, about 35 percent of total revenue, rising to $66 billion in 2027, or 58 percent of sales. NASA's next crewed SpaceX mission was targeted for an October 1 launch. Shares traded back above $150 this week, up 2.6 percent after the latest Starship flight.
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