IPO

Wall Street's Boldest SpaceX Call Yet: Veteran Analyst Sets $401 Price Target on Starship and Starlink V3 Bet
Business

Wall Street's Boldest SpaceX Call Yet: Veteran Analyst Sets $401 Price Target on Starship and Starlink V3 Bet

Arete Research initiated coverage of SpaceX with a Buy rating and a $401 price target, the highest on Wall Street, betting the company’s next-generation Starlink V3 satellites—launched via Starship—will unlock a suburban broadband revolution. The target implies 117% upside from Thursday’s close, but execution risks loom as Starship has yet to fly a fully commercial mission.

ERock Streamlines Equity Structure and Installs Independent Board Following NYSE Listing
Business

ERock Streamlines Equity Structure and Installs Independent Board Following NYSE Listing

ERock (NYSE:EROC) has completed its initial public offering, securing fresh capital to advance its power systems operations. In connection with the listing, the company simplified its equity structure via share repurchases and restructuring moves. New corporate bylaws and an amended certificate of incorporation have been adopted as part of the transition to a public company. An independent board of directors is now in place, with clearly delineated committee responsibilities. ERock, trading under the ticker NYSE:EROC, focuses on the power systems sector.

Goldman Sachs Sees SpaceX AI Revenue Surging 100-Fold Ahead of Record-Breaking 2026 IPO
Business

Goldman Sachs Sees SpaceX AI Revenue Surging 100-Fold Ahead of Record-Breaking 2026 IPO

As SpaceX edges closer to what could be the largest IPO in history, Goldman Sachs has projected that the company's artificial intelligence division will see revenue explode from $3.2 billion to $322 billion by 2030 — fueled by Elon Musk’s ambitious plan to build orbital data centers. The forecast underscores a Wall Street bet that space-based compute could reshape the AI economy.