SpaceX Receives Double Upgrade from PhilipCapital Analyst

SpaceX has been upgraded to 'Buy' by PhilipCapital analyst Glenn Thum, with a price target of $250 per share. This upgrade follows the company's fiscal Q3 results, which reported $14.58 billion in revenue and earnings of $0.45 per share, surpassing Wall Street estimates. The analyst noted strong growth in the AI division and enterprise and government revenue, particularly from aviation installations and Starshield contracts, despite potential infrastructure constraints.