๐ WALL STREET MAY BE UNDERestimating $SPCX
Morgan Stanleyโs Adam Jonas reportedly asked 40 clients who owned $SPCX โ and not a single hand went up. ๐
Yet his target sits around $300.
The bigger opportunity may be in AI + compute infrastructure. โก
With consensus around ~$17 per watt across 4.1 GW, while recent short-term contracts are closer to ~$40, every additional $10 per watt could potentially translate into roughly $41B in revenue without adding more capacity.
And thatโs before factoring in the bigger picture:
๐ Launch infrastructure
๐ฐ๏ธ Starlink
๐ค AI compute
โก Energy + data centers
The real upside may not come from one business alone โ but from how all these pieces reinforce each other.
The market may be looking at the partsโฆ while the bigger opportunity is in the whole ecosystem. ๐