Horan set a $250 price target on SPCX with shares at $150, driven by physical AI spanning robotics, autonomous vehicles, and machine-to-machine connectivity. <\/p>\n<\/li>\n
Horan sees a TSLA-SpaceX merger amplifying AI capabilities long-term but advises investors to evaluate SPCX on its own merits for now. <\/p>\n<\/li>\n
SpaceX IPO’d at $135, surged past $225, then pulled back, with analysts anchoring valuations on AI exposure rather than launch revenue alone. <\/p>\n<\/li>\n
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks \u2014 and SpaceX didn’t make the cut. Grab the names FREE today<\/a>. <\/p>\n<\/li>\n<\/ul>\n Oppenheimer tech analyst Timothy Horan used a recent CNBC segment to lay out a bull case for SpaceX<\/strong> (NASDAQ:SPCX<\/a>), arguing that the company’s edge in artificial intelligence justifies a price target well above where shares are changing hands today. SpaceX IPO’d roughly 2 weeks ago, and Oppenheimer’s $250 SpaceX price target <\/strong>puts physical AI squarely at the center of the long-term thesis. <\/p>\n Horan set a $250 price target on SpaceX, with the stock currently trading around $150 per share. According to Horan, that valuation is “largely based on what we think they can do in the AI world.” Shares slid about 15%<\/strong> over the past week from the $185 level. <\/p>\n Horan said robotics, autonomous vehicles, and machine-to-machine systems, including self-driving cars, trucks, trains, and aircraft, will be “one of the fastest areas of AI over the next 4 or 5 years<\/strong>.” SpaceX’s data advantage, drawn from Starlink’s global network and vehicle telemetry within the broader Musk ecosystem, positions the company to lead in both physical and digital AI workloads. <\/p>\n Act now:<\/strong> the analyst who called NVIDIA in 2010 just named his top 10 AI stocks \u2014 and SpaceX didn’t make the cut. Grab the names FREE today<\/a>. <\/p>\n Starlink as SpaceX’s Primary Revenue Driver <\/p>\n Horan believes Starlink will be the company’s primary initial revenue driver, followed by AI infrastructure, and then AI applications, with the latter two carrying higher growth and margins. He frames Starlink as a play on a roughly $2 trillion<\/strong> communications market, accessed through a planned mobile-service launch built on a hybrid satellite-and-terrestrial approach that he likens to the SiriusXM<\/strong> (NASDAQ:SIRI<\/a>) model. <\/p>\n That framing is similar to how other Wall Street investors view the platform. Defiance ETFs CIO Sylvia Jablonski recently argued that “investors are underestimating SpaceX by viewing it solely as an aerospace company,” calling it a multi-platform infrastructure company involved in launch, communications, defense, and AI connectivity, with Starlink poised to exceed expectations. Defiance has built its product lineup around that view, including the SPCU<\/a> 2X leveraged ETF and the SPCQ<\/a> inverse ETF. <\/p>\n The Tesla Merger Wildcard <\/p>\n<\/a> 24\/7 Wall St. \/ Getty Images The Physical AI Thesis and $250 Price Target <\/p>\n