Wall Street Floods SpaceX With Buy Ratings as Nasdaq-100 Inclusion, Quiet-Period End Converge
- Following the expiration of the post-IPO quiet period, Goldman Sachs, UBS, and Morgan Stanley all initiated SpaceX (SPCX) with buy-equivalent ratings, with Morgan Stanley setting a $300 target and UBS at $210 (Yahoo Finance, Bloomberg).
- Bloomberg reports the stock's biggest bull now sees a valuation above $10T; SpaceX officially joined the Nasdaq-100 via fast-track rule on July 7, triggering an estimated ~$4B in passive buying.
- Inclusion is also broadening index diversification, according to Horizon Investments, while the NYT's DealBook notes index-fund exposure to SpaceX may be more limited than initial narratives suggested.