UBS Says Flight 13 Could Be A Key Catalyst<\/p>\n
UBS maintained a \u2018Buy\u2019 rating on SpaceX with a $210 price target, implying an upside of over 54% from the stock\u2019s Tuesday closing price of $136.08. The stock ended Tuesday down 39.69% from its record high of $225.64, which it hit on June 16.<\/p>\n
\u201cSpaceX has made multiple hardware and software upgrades since the last flight,\u201d UBS wrote in a note on Wednesday, according to a report in CNBC. The brokerage added, \u201cThis flight would demonstrate multiple new milestones and in our view be a positive for the stock.\u201d<\/p>\n
Starship Mission To Test Critical Capabilities<\/p>\n
Thursday\u2019s Starship Flight 13 will serve as a key test of technologies that SpaceX plans to rely on as it scales up its launch operations. UBS said the mission is designed to evaluate booster and in-space Raptor engine relights, deploy Starlink V3 satellites and further advance the vehicle’s heat shield system. A successful flight would also reinforce UBS\u2019 projections for four commercial launches in 2026 and 1,588 flights by 2031.<\/p>\n
\u201cFlight 13 is important because it is intended to validate some of the key capabilities required for this launch ramp, including booster engine relight reliability, in-space Raptor relight, Starlink V3 satellite deployment, and continued heat shield development,\u201d UBS said.<\/p>\n
SPCX Stock: What Stocktwits Retail Sentiment Says<\/p>\n
On Stocktwits, retail sentiment around SPCX was \u2018bearish,\u2019 while message volume was \u2018extremely low\u2019 at the time of writing.<\/p>\n
UBS’ bullish stance is in line with broader Wall Street sentiment.\u00a0According to data from Koyfin, 27 of the 32 analysts covering SPCX rate it \u2018Buy\u2019 or \u2018Strong Buy,\u2019 while four rate it \u2018Hold\u2019 and one rates it \u2018Sell.\u2019 The 12-month average target on the stock is $240, representing a potential upside of around 76% from Tuesday\u2019s close.<\/p>\n
The SPCX stock<\/a> has fallen 11.63% year-to-date. By comparison, the Procure Space ETF<\/a> (UFO) has gained nearly 17% over the same period, while the Tema Space Innovators ETF<\/a> (NASA) has edged up 0.8%.\u00a0<\/p>\n Also See: ASML Eyes Price Increases On Chip Tools After Upbeat Q2 Earnings, Says Report<\/a>\u00a0<\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n
![\"Follow](\"https:\/\/chunks-prd.stocktwits-cdn.com\/_next\/static\/media\/google-news-icon.d9c2bfd1.svg\"\/){kind=icon}
<\/a><\/p>\n