From our conversations, many investors expect SpaceX stock could realistically hit $100/share with the first waves of lockup expiry. So, what would $100/share mean? 18x EV/EBIT (FY28). Zero to negative implied AI value, with space & connectivity results materially below our ests. Reiterate OW. July 24, 2026 03:00 PM GMT SpaceX | North America M Idea SpaceX Approaches $100: What's in the Price? Please see here for our SpaceX Initiation: SpaceX: AI's Final Frontier; Initiate at Overweight, PT $300 (7 Jul 2026 ...