{"id":642846,"date":"2026-08-18T02:57:16","date_gmt":"2026-08-18T02:57:16","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/642846\/"},"modified":"2026-08-18T02:57:16","modified_gmt":"2026-08-18T02:57:16","slug":"starship-reusability-is-absolutely-central-to-spacexs-ai-play-in-long-term-says-bernstein","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/642846\/","title":{"rendered":"Starship Reusability is \u2018Absolutely Central\u2019 To SpaceX\u2019s AI Play In Long Term, Says Bernstein"},"content":{"rendered":"\n<ul class=\"yf-1jsc1up\">\n<li class=\"yf-1jsc1up\">\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The forecast assumes around 3,500 Starship launches by 2031, making full reusability essential.  <\/p>\n<\/li>\n<li class=\"yf-1jsc1up\">\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Bernstein has a price target of $248 and an &#8216;Outperform&#8217; rating on SPCX shares.  <\/p>\n<\/li>\n<li class=\"yf-1jsc1up\">\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Analyst Douglas Harned called Grok a potential wildcard.  <\/p>\n<\/li>\n<\/ul>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Bernstein believes SpaceX&#8217;s (SPCX) plan to build artificial-intelligence infrastructure in orbit offers major upside, but the opportunity depends on the reusability of its Starship.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;So this path toward full reusability, that is absolutely central to the AI play here long term, and to the kinds of valuations that we&#8217;re seeing right now, and that we expect,&#8221; Douglas Harned, Bernstein&#8217;s aerospace and defense senior analyst, said in an interview with CNBC on Monday.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><a href=\"https:\/\/stocktwits.com\/newsletters\" data-ylk=\"slk:See%20what%2010M%2B%20investors%20are%20talking%20about.%20Get%20the%20Stocktwits%20Daily%20Rip%20for%20what%20retail%20is%20watching%20right%20now%2C%20free%20to%20your%20inbox;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox<\/a>  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">At the time of writing, SPCX shares were up over 5%.  <\/p>\n<p>        <strong>All Eyes On Starship Launches<\/strong>          <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Bernstein expects SpaceX to generate about $600 billion in revenue by 2031, well below the company&#8217;s target of $1 trillion in annual revenue by 2030. The forecast assumes around 3,500 Starship launches by 2031, making full reusability essential.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;We&#8217;re looking at the order of 3,500 Starship launches in 2031. So what you need to see is the success of reuse of Starship. We haven&#8217;t seen it yet,&#8221; Harned said.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Bernstein has a price target of $248 and an &#8216;Outperform&#8217; rating on SPCX shares, implying 68% upside from current levels.  <\/p>\n<p>            <strong>Grok A Potential Wildcard<\/strong>          <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Harned stated that Grok is a potential wildcard. The combination of Grok 4.6 and the Cursor acquisition could strengthen SpaceX&#8217;s AI products, creating an upside that Bernstein has not included in its forecasts.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;But I should add, there&#8217;s one other factor in here. And for us, it&#8217;s a little bit of a wildcard, because, depending on how Grok does\u2026 and you&#8217;ve got the Cursor deal. You may be able to see a more attractive intelligence product as well, which is not something we&#8217;ve incorporated, but could provide some more upside here,&#8221; he added.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Last week, SpaceX&#8217;s xAI unit launched Grok 4.6, a new model designed for complex tasks such as research, data analysis, software development and application creation. SpaceX also completed the acquisition of Cursor for $60 billion.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Cursor is an AI coding platform that helps developers write, edit and debug software. It is used by more than 50,000 businesses and 64% of Fortune 500 companies. The deal gives SpaceX&#8217;s AI business an established corporate customer base and access to valuable coding data.  <\/p>\n","protected":false},"excerpt":{"rendered":"The forecast assumes around 3,500 Starship launches by 2031, making full reusability essential. Bernstein has a price target&hellip;\n","protected":false},"author":2,"featured_media":642847,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[270],"tags":[74891,271979,18,5066,19,17,133,451,2731,232735,2730],"class_list":["post-642846","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-bernstein","tag-douglas-harned","tag-eire","tag-grok","tag-ie","tag-ireland","tag-science","tag-space","tag-spacex","tag-spcx","tag-starship"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/117114270345973554","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/642846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=642846"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/642846\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/642847"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=642846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=642846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=642846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}