🚨BREAKING: Bernstein sees significant long-term growth potential for Starlink, projecting its broadband subscriber base could reach approximately 168 million by 2031.

The firm estimates Starlink could generate around $64 billion in annual consumer and small-business broadband revenue at that scale.

Bernstein has reiterated an “Outperform” rating on SpaceX ($SPCX ) and maintained a $248 price target, while raising its FY2027 earnings estimate. The target implies roughly 67% upside from current levels.

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