SpaceX bear flips to big bull because of AI business. Analyst now sees 70% gain

October 23, 2026 • 11:02 AM

• By Davis Giangiulio

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PhillipCapital moved its rating on the Elon Musk giant to buy from sell, with the bullishness stemming from the company's AI business.

SpaceX bear flips to big bull because of AI business. Analyst now sees 70% gain

PhillipCapital moved its rating on the Elon Musk giant to buy from sell, with the bullishness stemming from the company's AI business.

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#elon-musk

#analyst

#spacex

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6 Publications

CNN International

7h ago

SpaceX’s latest rocket move could change spaceflight forever | CNN

For decades, space travel has meant throwing away millions of dollars on one-time-use rockets and parts. Enter Starship. If Elon Musk’s SpaceX can “catch” its latest spaceship after it reenters Earth’s atmosphere, the company could change space exploration forever.

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The Guardian

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Russia strikes hospital in central Kyiv after SpaceX system falters again

Volodymyr Zelenskyy says speed restrictions on Starshield system made it harder for Ukraine to shoot down drones

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NPR News

9h ago

SpaceX's giant rocket may leave NASA in the dust

As it races to develop its new massive rocket, the space launch company is preparing to retire NASA's main ride to the International Space Station.

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The Australian Financial Review (AFR)

22h ago

SpaceX and Tesla on track for merger as soon as December

The merger would be a blockbuster for Wall Street’s dealmakers, creating a conglomerate housing EVs, energy storage batteries, rockets and satellites.

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The Verge

22h ago

SpaceX-Tesla mega-merger could come as soon as December.

The SpaceX-Tesla merger is increasingly sounding more like a when than an if. Bloomberg reports that the estimated $3.5 trillion tie-up could come as soon as December, but could also slip to early 2027: > The companies have also discussed a scenario in which an announcement slips into early 2027, said the people, who asked to not be identified because the discussions are private. Their boards and advisers are hammering out the terms of the tie-up and governance structure of the combined entity, among other matters, the people said. One of the complicating factors is how to keep separate Tesla’s business in China from SpaceX’s many government and defense contracts. The merger also may be upended by the Democratic Party’s success in the midterms, with many candidates running on the message of reining in Elon Musk’s corporate empire. [Link: SpaceX and Tesla Talks on Record Merger Are Said to Progress | https://www.bloomberg.com/news/articles/2026-11-12/spacex-and-tesla-talks-on-record-merger-are-said-to-progress | Bloomberg]

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The Next Web (TNW)

1d ago