SHREDNEWZ Finance

MoffettNathanson Initiates SpaceX Coverage with Neutral Rating and $131 Target

By CNBC Top News

MoffettNathanson initiated coverage of SpaceX with a Neutral rating and $131 price target implying 18% downside from the latest private-market valuation.

MoffettNathanson Initiates SpaceX Coverage with Neutral Rating and $131 Target
MoffettNathanson Initiates SpaceX Coverage with Neutral Rating and $131 Target
Affiliate Disclosure: Some links in this article may be affiliate links. If you click and make a purchase, ShredNewz may earn a commission at no extra cost to you. We only recommend products we believe are relevant to the story. Read our full disclosure policy →

MoffettNathanson initiated coverage of SpaceX with a Neutral rating and $131 price target implying 18% downside from the latest private-market valuation.

What happened

MoffettNathanson initiated coverage of SpaceX with a Neutral rating and $131 price target implying 18% downside from the latest private-market valuation.

Related read · See bias across every source — perfect for ShredNewz readers

Ground News (Vantage, $9.99/mo)

Ground News — See how every story is covered across the political spectrum →

Why it matters

Analyst coverage of private companies supplies one data point whose impact on secondary markets remains undetermined.

Source context

MoffettNathanson initiated research coverage of SpaceX with a neutral rating and a $131 price target, implying 18% downside from the stock's latest close.

DECLASSIFIED SOURCE: CNBC Top News