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Wall Street investors boost optimistic valuations for SpaceX
The biggest Wall Street banks issued buy recommendations for SpaceX's shares, which priced at $135 per share during its initial public offering, with expectations that its value could rise to $236 later on. At the start of this week, the stock was trading at $149.47, and analysts forecast a potential 58% increase from this level. There is growing interest from major institutions and inclusion in the Nasdaq 100 index following its listing, despite ongoing questions about its profitability and long-term financial performance.
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