TD Cowen has started coverage on $SPCX with a Buy rating and a $200 price target, pointing to AI-compute leasing as a potentially major growth driver. The interesting part? The firm expects AI-related compute revenue to become the largest part of the business by 2027, as demand from companies such as $GOOGL and Anthropic expands. That creates an interesting bigger-picture angle: 🧠 AI infrastructure demand is accelerating ☁️ Compute leasing could become a major revenue engine 🚀 Starlink + Starship remain additional growth narratives If AI compute scales as projected, the market may eventually view $SPCX through a much broader lens than its existing businesses. 2027 could look very different. 👀#SPCX #GOOGL