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SpaceX's AI Gains Spark Analyst Bullishness | Markets & Money News
SpaceX has transitioned from a bearish to a bullish outlook as PhillipCapital upgraded its stock from sell to buy, raising the price target significantly from $75 to $250, suggesting a potential 73% gain. The company's strong Q3 earnings, reporting $0.45 per share and $14.58 billion in revenue, marked its first profit as a public entity. Key growth drivers include a successful AI business generating over $600 million, enhanced government contracts, and a rise in cloud service profitability.
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